US antitrust investigation, a blot on the industry – but who was really responsible
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“The airlines each engaged in a conspiracy to suppress and eliminate competition by fixing the cargo rates charged to customers for international air shipments”. This week the US Department of Justice announced, with some fanfare, details of the agreement it had reached with the remaining offenders in the global cargo price fixing cartel case. They received fines – which will be passed on to shareholders and taxpayers. [670 words]