OFT halves BA fuel surcharge fine

AOL Money Staff
British Airways
British Airways

A record fine imposed on British Airways for colluding with rival Virgin Atlantic on fuel surcharges has been cut by more than half to £58.5 million.

The Office of Fair Trading (OFT) said the new penalty placed greater value on the level of BA's co-operation in the investigation into pricing on long-haul flights between August 2004 and January 2006.