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...near the bottom of the region's carriers for punctuality. In a ranking of lost luggage, BA performed worse than any other airline that provided data, losing 75% more bags than Air France or Lufthansa (archrival Virgin Atlantic did not participate). Even worse, Britain's Office of Fair Trading (OFT) and the U.S. Department of Justice fined BA more than $500 million in August after determining that it had colluded with rivals to fix prices. Two former BA execs, commercial director Martin George and communications chief Iain Burns, resigned last year in connection with the affair; and criminal investigations into...
...mayor's oft-proclaimed affinity for all things Iowa is particularly noteworthy as it wasn't so long ago that Iowans were wondering if he'd gotten lost on the way to their state. In June Giuliani announced that he would skip the G.O.P. straw poll in Ames. Until just a few weeks ago, he was spending more of his time in places like Florida and California, which have moved their primaries forward onto the heels of the early contests. Giuliani seemed to be calculating that he would have a better go of it in big states, where his 9/11...
...with a record $247 million fine after the airline admitted to colluding with rival Virgin Atlantic over fuel surcharges both airlines added to ticket prices. Later on Wednesday, the U.S. Department of Justice, which was pursuing a similar case against BA in parallel with the one brought by the OFT, issued BA with its own $300 million penalty...
...least six occasions between Aug. 2004 and Jan. 2006, the OFT found, the two companies discussed or briefed each other about proposed changes to the levy, which is meant to help airlines offset the soaring cost of fuel. In that period, the surcharges rose 12-fold to $122 for a typical BA or Virgin long-haul flight. BA has owned up to the collusion. "Anti-competitive behavior is entirely unacceptable," BA chief Willie Walsh said Wednesday. "We condemn it unreservedly." For its part, Virgin is expected to escape a fine, since it blew the whistle on the collusion...
...size of the fine won't have taken Walsh by surprise. In May BA set aside some $700 million to cover the fines and legal bills relating to the OFT and DoJ cases. And though the British fine was a record, it could have been even worse: The OFT was free to fine BA up to 10% of its global sales, which last year amounted to some $17 billion...