South American Airline Pleads Guilty to Price Fixing
August 20th, 2013
LATAM Airlines Group S.A., the parent company of LAN Cargo S.A., has pleaded guilty to participating in a conspiracy to fix fuel surcharges imposed on international air cargo shipments to and from Canada and was fined $975,000, the Competition Bureau announced.
LATAM was the ninth airline to plead guilty in the air cargo case. Including LATAM’s fine, the Competition Bureau has collected over $25 million in fines following guilty pleas from Cathay Pacific, British Airways, KLM, Air France, Korean Airlines, Cargolux, Martinair and Qantas.
Several airlines have also settled class actions, for a total to date of over $16 million. Settling airlines include LATAM, Luftansa, Japan Airlines, SAS, Qantas, Singapore Airlines, and Air France.
See our table of Air Cargo Conspiracy Fines and Class Action Settlements.