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BA and Virgin may pay out refunds | BA and Virgin may pay out refunds |
(about 1 hour later) | |
People who flew with British Airways or Virgin Atlantic between 11 August 2004 and 23 March 2006 may be entitled to a refund of £10 per flight. | People who flew with British Airways or Virgin Atlantic between 11 August 2004 and 23 March 2006 may be entitled to a refund of £10 per flight. |
The law firm Cohen Milstein expects to sign an agreement later on Friday in a class action suit with BA and Virgin. | The law firm Cohen Milstein expects to sign an agreement later on Friday in a class action suit with BA and Virgin. |
BA was fined by US and UK authorities for price-fixing on fuel surcharges while Virgin also admitted breaching US and UK law but escaped the fines. | BA was fined by US and UK authorities for price-fixing on fuel surcharges while Virgin also admitted breaching US and UK law but escaped the fines. |
BA declined to comment while Virgin could not immediately be reached. | BA declined to comment while Virgin could not immediately be reached. |
Whistle-blower | Whistle-blower |
The settlement would cover customers in the UK and the US. | |
Cohen Milstein estimates that the settlement will be worth about $200m (£100m), £73.5m of which will be set aside to pay claims by passengers who bought tickets in the UK in pounds sterling. | Cohen Milstein estimates that the settlement will be worth about $200m (£100m), £73.5m of which will be set aside to pay claims by passengers who bought tickets in the UK in pounds sterling. |
Passengers and businesses that bought tickets would be eligible for refunds of up to £10 for each leg of a journey. | Passengers and businesses that bought tickets would be eligible for refunds of up to £10 for each leg of a journey. |
BA was fined £121.5m by the Office of Fair Trading and $300m (£150m) by the US Department of Justice for colluding with Virgin on the level of fuel surcharges that would be added to their ticket prices. | BA was fined £121.5m by the Office of Fair Trading and $300m (£150m) by the US Department of Justice for colluding with Virgin on the level of fuel surcharges that would be added to their ticket prices. |
Virgin escaped the fines because it had informed the authorities that the breaches had happened. | Virgin escaped the fines because it had informed the authorities that the breaches had happened. |