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Jim Mason Guest
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Posted: Thu Jun 22, 2006 1:57 pm Post subject: BA OFT/DOJ Investigations |
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BA OFT/DOJ Investigations
BA Press Release 22/06/06
The Office of Fair Trading (OFT) and the United States Department of
Justice (DOJ) are investigating alleged cartel activity involving British
Airways and other airlines in relation to pricing of passenger air
transportation, including fuel surcharges.
British Airways' policy is to conduct its business in full compliance with
all applicable competition laws. British Airways is assisting the OFT and
DOJ with their investigations. Martin George, Commercial Director, and
Iain Burns, Head of Communications, have been given leave of absence during
the investigation.
Certain information included in this statement may be forward-looking and
involves risks and uncertainties that could cause actual results to differ
materially from those expressed or implied by the forward looking
statements.
Forward-looking statements include, without limitation, projections
relating to results of operations and financial conditions and the
Company's plans and objectives for future operations, including, without
limitation, expected future revenues, financing plans and expected
expenditures and divestments. Any forward-looking statements in this
announcement are based upon information known to the Company on the date of
this announcement. The Company undertakes no obligation to publicly update
or revise any forward-looking statement, whether as a result of new
information, future events or otherwise.
It is not reasonably possible to itemise all of the many factors and
specific events that could cause the Company's forward looking statements
to be incorrect or that could otherwise have a material adverse effect on
the future operations or results of an airline operating in the global
economy. Information on some factors which could result in material
difference to the results is available in the Company's SEC filings,
including, without limitation the Company's Report on Form 20-F for the
year ended March, 2006.
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