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.This is 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.