British Airways Fined Nearly $550M for Price Fixing
Aug 1st 2007 | 4:53 am
#1
Guest
Posts: n/a
British Airways Fined Nearly $550M for Price Fixing
British Airways Fined Nearly $550M for Price Fixing
http://www.foxnews.com/story/0,2933,291699,00.html
Good move. Now BA is going to have to raise ticket prices to make up
the shortfall.
And is any of the fine money going to go to the travelers who were
ripped off by price fixing? Of course not--that goes to the
government.
http://www.foxnews.com/story/0,2933,291699,00.html
Good move. Now BA is going to have to raise ticket prices to make up
the shortfall.
And is any of the fine money going to go to the travelers who were
ripped off by price fixing? Of course not--that goes to the
government.
Aug 1st 2007 | 4:54 am
#2
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
Viking <[email protected]> wrote:
> British Airways Fined Nearly $550M for Price Fixing
>
> http://www.foxnews.com/story/0,2933,291699,00.html
>
> Good move. Now BA is going to have to raise ticket prices to make up
> the shortfall.
What shortfall? They claim they left around £300 million aside for this.
--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Ex-Pres. Blair- May, 2007
> British Airways Fined Nearly $550M for Price Fixing
>
> http://www.foxnews.com/story/0,2933,291699,00.html
>
> Good move. Now BA is going to have to raise ticket prices to make up
> the shortfall.
What shortfall? They claim they left around £300 million aside for this.
--
(*) ... of the royal duchy of city south and deansgate
http://www.davidhorne.net - real address on website
"Abominable, loyal, blind, apparently subservient."
Pres. Carter on Ex-Pres. Blair- May, 2007
Aug 1st 2007 | 4:58 am
#3
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
[email protected] (David Horne) wrote in
news:1i26hp7.1ppf9gm1sx9tlbN%[email protected]:
> Viking <[email protected]> wrote:
>
>> British Airways Fined Nearly $550M for Price Fixing
>>
>> http://www.foxnews.com/story/0,2933,291699,00.html
>>
>> Good move. Now BA is going to have to raise ticket prices to make
>> up the shortfall.
>
> What shortfall? They claim they left around £300 million aside for
> this.
Unless they're printing their own money on the side, that's £300
million that would have been put to other uses, so yes, it's a
shortfall.
--
Bert Hyman | St. Paul, MN | [email protected]
news:1i26hp7.1ppf9gm1sx9tlbN%[email protected]:
> Viking <[email protected]> wrote:
>
>> British Airways Fined Nearly $550M for Price Fixing
>>
>> http://www.foxnews.com/story/0,2933,291699,00.html
>>
>> Good move. Now BA is going to have to raise ticket prices to make
>> up the shortfall.
>
> What shortfall? They claim they left around £300 million aside for
> this.
Unless they're printing their own money on the side, that's £300
million that would have been put to other uses, so yes, it's a
shortfall.
--
Bert Hyman | St. Paul, MN | [email protected]
Aug 1st 2007 | 5:23 am
#4
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
wrote:
>British Airways Fined Nearly $550M for Price Fixing
>
>http://www.foxnews.com/story/0,2933,291699,00.html
>
>Good move. Now BA is going to have to raise ticket prices to make up
>the shortfall.
>
>And is any of the fine money going to go to the travelers who were
>ripped off by price fixing? Of course not--that goes to the
>government.
As the article said, this has already been provisioned for and priced
in
wrote:
>British Airways Fined Nearly $550M for Price Fixing
>
>http://www.foxnews.com/story/0,2933,291699,00.html
>
>Good move. Now BA is going to have to raise ticket prices to make up
>the shortfall.
>
>And is any of the fine money going to go to the travelers who were
>ripped off by price fixing? Of course not--that goes to the
>government.
As the article said, this has already been provisioned for and priced
in
Aug 1st 2007 | 5:24 am
#5
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On 01 Aug 2007 16:58:52 GMT, Bert Hyman <[email protected]> wrote:
>[email protected] (David Horne) wrote in
>news:1i26hp7.1ppf9gm1sx9tlbN%[email protected] :
>
>> Viking <[email protected]> wrote:
>>
>>> British Airways Fined Nearly $550M for Price Fixing
>>>
>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>> Good move. Now BA is going to have to raise ticket prices to make
>>> up the shortfall.
>>
>> What shortfall? They claim they left around £300 million aside for
>> this.
>
>Unless they're printing their own money on the side, that's £300
>million that would have been put to other uses, so yes, it's a
>shortfall.
>
It's already been provisioned for and priced in, so where is the
shortfall?
>[email protected] (David Horne) wrote in
>news:1i26hp7.1ppf9gm1sx9tlbN%[email protected] :
>
>> Viking <[email protected]> wrote:
>>
>>> British Airways Fined Nearly $550M for Price Fixing
>>>
>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>> Good move. Now BA is going to have to raise ticket prices to make
>>> up the shortfall.
>>
>> What shortfall? They claim they left around £300 million aside for
>> this.
>
>Unless they're printing their own money on the side, that's £300
>million that would have been put to other uses, so yes, it's a
>shortfall.
>
It's already been provisioned for and priced in, so where is the
shortfall?
Aug 1st 2007 | 6:13 am
#6
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
wrote:
>Viking <[email protected]> wrote:
>
>> British Airways Fined Nearly $550M for Price Fixing
>>
>> http://www.foxnews.com/story/0,2933,291699,00.html
>>
>> Good move. Now BA is going to have to raise ticket prices to make up
>> the shortfall.
>
>What shortfall? They claim they left around £300 million aside for this.
And where did that money (which would still leave a shortfall) come
from? Thin air? Or passengers???
wrote:
>Viking <[email protected]> wrote:
>
>> British Airways Fined Nearly $550M for Price Fixing
>>
>> http://www.foxnews.com/story/0,2933,291699,00.html
>>
>> Good move. Now BA is going to have to raise ticket prices to make up
>> the shortfall.
>
>What shortfall? They claim they left around £300 million aside for this.
And where did that money (which would still leave a shortfall) come
from? Thin air? Or passengers???
Aug 1st 2007 | 6:14 am
#7
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 17:23:14 GMT, [email protected] (John Kulp)
wrote:
>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>wrote:
>
>>British Airways Fined Nearly $550M for Price Fixing
>>
>>http://www.foxnews.com/story/0,2933,291699,00.html
>>
>>Good move. Now BA is going to have to raise ticket prices to make up
>>the shortfall.
>>
>>And is any of the fine money going to go to the travelers who were
>>ripped off by price fixing? Of course not--that goes to the
>>government.
>
>
>As the article said, this has already been provisioned for and priced
>in
Ah, they printed the money, is that it? Or did it--just maybe--come
from passengers???
wrote:
>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>wrote:
>
>>British Airways Fined Nearly $550M for Price Fixing
>>
>>http://www.foxnews.com/story/0,2933,291699,00.html
>>
>>Good move. Now BA is going to have to raise ticket prices to make up
>>the shortfall.
>>
>>And is any of the fine money going to go to the travelers who were
>>ripped off by price fixing? Of course not--that goes to the
>>government.
>
>
>As the article said, this has already been provisioned for and priced
>in
Ah, they printed the money, is that it? Or did it--just maybe--come
from passengers???
Aug 1st 2007 | 6:51 am
#8
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 14:13:16 -0400, Viking <[email protected]>
wrote:
>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>wrote:
>
>>Viking <[email protected]> wrote:
>>
>>> British Airways Fined Nearly $550M for Price Fixing
>>>
>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>> Good move. Now BA is going to have to raise ticket prices to make up
>>> the shortfall.
>>
>>What shortfall? They claim they left around £300 million aside for this.
>
>And where did that money (which would still leave a shortfall) come
>from? Thin air? Or passengers???
From revenue a long time ago. That's what provisioning is. So
where's the shortfall?
wrote:
>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>wrote:
>
>>Viking <[email protected]> wrote:
>>
>>> British Airways Fined Nearly $550M for Price Fixing
>>>
>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>> Good move. Now BA is going to have to raise ticket prices to make up
>>> the shortfall.
>>
>>What shortfall? They claim they left around £300 million aside for this.
>
>And where did that money (which would still leave a shortfall) come
>from? Thin air? Or passengers???
From revenue a long time ago. That's what provisioning is. So
where's the shortfall?
Aug 1st 2007 | 6:51 am
#9
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 14:14:12 -0400, Viking <[email protected]>
wrote:
>On Wed, 01 Aug 2007 17:23:14 GMT, [email protected] (John Kulp)
>wrote:
>
>>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>>wrote:
>>
>>>British Airways Fined Nearly $550M for Price Fixing
>>>
>>>http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>>Good move. Now BA is going to have to raise ticket prices to make up
>>>the shortfall.
>>>
>>>And is any of the fine money going to go to the travelers who were
>>>ripped off by price fixing? Of course not--that goes to the
>>>government.
>>
>>
>>As the article said, this has already been provisioned for and priced
>>in
>
>Ah, they printed the money, is that it? Or did it--just maybe--come
>from passengers???
You have no concept of past and future do you?
wrote:
>On Wed, 01 Aug 2007 17:23:14 GMT, [email protected] (John Kulp)
>wrote:
>
>>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>>wrote:
>>
>>>British Airways Fined Nearly $550M for Price Fixing
>>>
>>>http://www.foxnews.com/story/0,2933,291699,00.html
>>>
>>>Good move. Now BA is going to have to raise ticket prices to make up
>>>the shortfall.
>>>
>>>And is any of the fine money going to go to the travelers who were
>>>ripped off by price fixing? Of course not--that goes to the
>>>government.
>>
>>
>>As the article said, this has already been provisioned for and priced
>>in
>
>Ah, they printed the money, is that it? Or did it--just maybe--come
>from passengers???
You have no concept of past and future do you?
Aug 1st 2007 | 7:15 am
#10
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 18:51:13 GMT, [email protected] (John Kulp)
wrote:
>On Wed, 01 Aug 2007 14:13:16 -0400, Viking <[email protected]>
>wrote:
>
>>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>>wrote:
>>
>>>Viking <[email protected]> wrote:
>>>
>>>> British Airways Fined Nearly $550M for Price Fixing
>>>>
>>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>>
>>>> Good move. Now BA is going to have to raise ticket prices to make up
>>>> the shortfall.
>>>
>>>What shortfall? They claim they left around £300 million aside for this.
>>
>>And where did that money (which would still leave a shortfall) come
>>from? Thin air? Or passengers???
>
>
>From revenue a long time ago. That's what provisioning is. So
>where's the shortfall?
Come off it. Passengers are paying the fine. So BA isn't really hurt,
passengers are.
wrote:
>On Wed, 01 Aug 2007 14:13:16 -0400, Viking <[email protected]>
>wrote:
>
>>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>>wrote:
>>
>>>Viking <[email protected]> wrote:
>>>
>>>> British Airways Fined Nearly $550M for Price Fixing
>>>>
>>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>>
>>>> Good move. Now BA is going to have to raise ticket prices to make up
>>>> the shortfall.
>>>
>>>What shortfall? They claim they left around £300 million aside for this.
>>
>>And where did that money (which would still leave a shortfall) come
>>from? Thin air? Or passengers???
>
>
>From revenue a long time ago. That's what provisioning is. So
>where's the shortfall?
Come off it. Passengers are paying the fine. So BA isn't really hurt,
passengers are.
Aug 1st 2007 | 7:17 am
#11
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 18:51:54 GMT, [email protected] (John Kulp)
wrote:
>On Wed, 01 Aug 2007 14:14:12 -0400, Viking <[email protected]>
>wrote:
>
>>On Wed, 01 Aug 2007 17:23:14 GMT, [email protected] (John Kulp)
>>wrote:
>>
>>>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>>>wrote:
>>>
>>>>British Airways Fined Nearly $550M for Price Fixing
>>>>
>>>>http://www.foxnews.com/story/0,2933,291699,00.html
>>>>
>>>>Good move. Now BA is going to have to raise ticket prices to make up
>>>>the shortfall.
>>>>
>>>>And is any of the fine money going to go to the travelers who were
>>>>ripped off by price fixing? Of course not--that goes to the
>>>>government.
>>>
>>>
>>>As the article said, this has already been provisioned for and priced
>>>in
>>
>>Ah, they printed the money, is that it? Or did it--just maybe--come
>>from passengers???
>
>
>You have no concept of past and future do you?
Jesus. The whole point is that BA passengers are paying the fine,
troll. Passenger's money, in the past or in the future, is going to be
used.
Got that???
wrote:
>On Wed, 01 Aug 2007 14:14:12 -0400, Viking <[email protected]>
>wrote:
>
>>On Wed, 01 Aug 2007 17:23:14 GMT, [email protected] (John Kulp)
>>wrote:
>>
>>>On Wed, 01 Aug 2007 12:53:29 -0400, Viking <[email protected]>
>>>wrote:
>>>
>>>>British Airways Fined Nearly $550M for Price Fixing
>>>>
>>>>http://www.foxnews.com/story/0,2933,291699,00.html
>>>>
>>>>Good move. Now BA is going to have to raise ticket prices to make up
>>>>the shortfall.
>>>>
>>>>And is any of the fine money going to go to the travelers who were
>>>>ripped off by price fixing? Of course not--that goes to the
>>>>government.
>>>
>>>
>>>As the article said, this has already been provisioned for and priced
>>>in
>>
>>Ah, they printed the money, is that it? Or did it--just maybe--come
>>from passengers???
>
>
>You have no concept of past and future do you?
Jesus. The whole point is that BA passengers are paying the fine,
troll. Passenger's money, in the past or in the future, is going to be
used.
Got that???
Aug 1st 2007 | 7:23 am
#12
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 15:15:23 -0400, Viking <[email protected]>
wrote:
>On Wed, 01 Aug 2007 18:51:13 GMT, [email protected] (John Kulp)
>wrote:
>
>>On Wed, 01 Aug 2007 14:13:16 -0400, Viking <[email protected]>
>>wrote:
>>
>>>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>>>wrote:
>>>
>>>>Viking <[email protected]> wrote:
>>>>
>>>>> British Airways Fined Nearly $550M for Price Fixing
>>>>>
>>>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>>>
>>>>> Good move. Now BA is going to have to raise ticket prices to make up
>>>>> the shortfall.
>>>>
>>>>What shortfall? They claim they left around £300 million aside for this.
>>>
>>>And where did that money (which would still leave a shortfall) come
>>>from? Thin air? Or passengers???
>>
>>
>>From revenue a long time ago. That's what provisioning is. So
>>where's the shortfall?
>
>Come off it. Passengers are paying the fine. So BA isn't really hurt,
>passengers are.
Your view is completely bizarre. EVERY company's customers pay their
costs or they can't stay in business. No difference here except you
keep trying to say this is now going to happen when it already long
since has. That was the provisioning. And if they tried to raise
prices when the market won't support it because other airlines won't
go along, they will get nowhere
wrote:
>On Wed, 01 Aug 2007 18:51:13 GMT, [email protected] (John Kulp)
>wrote:
>
>>On Wed, 01 Aug 2007 14:13:16 -0400, Viking <[email protected]>
>>wrote:
>>
>>>On Wed, 1 Aug 2007 17:54:16 +0100, [email protected] (David Horne)
>>>wrote:
>>>
>>>>Viking <[email protected]> wrote:
>>>>
>>>>> British Airways Fined Nearly $550M for Price Fixing
>>>>>
>>>>> http://www.foxnews.com/story/0,2933,291699,00.html
>>>>>
>>>>> Good move. Now BA is going to have to raise ticket prices to make up
>>>>> the shortfall.
>>>>
>>>>What shortfall? They claim they left around £300 million aside for this.
>>>
>>>And where did that money (which would still leave a shortfall) come
>>>from? Thin air? Or passengers???
>>
>>
>>From revenue a long time ago. That's what provisioning is. So
>>where's the shortfall?
>
>Come off it. Passengers are paying the fine. So BA isn't really hurt,
>passengers are.
Your view is completely bizarre. EVERY company's customers pay their
costs or they can't stay in business. No difference here except you
keep trying to say this is now going to happen when it already long
since has. That was the provisioning. And if they tried to raise
prices when the market won't support it because other airlines won't
go along, they will get nowhere
Aug 1st 2007 | 7:32 am
#13
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
"Bert Hyman" <[email protected]> wrote in message
news:[email protected]...
> >> British Airways Fined Nearly $550M for Price Fixing
> >>
> >> http://www.foxnews.com/story/0,2933,291699,00.html
> >>
> >> Good move. Now BA is going to have to raise ticket prices to make
> >> up the shortfall.
> >
> > What shortfall? They claim they left around £300 million aside for
> > this.
>
> Unless they're printing their own money on the side, that's £300
> million that would have been put to other uses, so yes, it's a
> shortfall.
Yes, to pay shareholders, or board bonuses.
--
Andy
news:[email protected]...
> >> British Airways Fined Nearly $550M for Price Fixing
> >>
> >> http://www.foxnews.com/story/0,2933,291699,00.html
> >>
> >> Good move. Now BA is going to have to raise ticket prices to make
> >> up the shortfall.
> >
> > What shortfall? They claim they left around £300 million aside for
> > this.
>
> Unless they're printing their own money on the side, that's £300
> million that would have been put to other uses, so yes, it's a
> shortfall.
Yes, to pay shareholders, or board bonuses.
--
Andy
Aug 1st 2007 | 7:33 am
#14
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 19:23:23 GMT, [email protected] (John Kulp)
wrote:
>>Come off it. Passengers are paying the fine. So BA isn't really hurt,
>>passengers are.
>
>Your view is completely bizarre. EVERY company's customers pay their
>costs or they can't stay in business. No difference here except you
>keep trying to say this is now going to happen when it already long
>since has. That was the provisioning. And if they tried to raise
>prices when the market won't support it because other airlines won't
>go along, they will get nowhere
Are you really so dense as not to see that I'm saying the fine is
simply going to be applied to BA's passengers???
wrote:
>>Come off it. Passengers are paying the fine. So BA isn't really hurt,
>>passengers are.
>
>Your view is completely bizarre. EVERY company's customers pay their
>costs or they can't stay in business. No difference here except you
>keep trying to say this is now going to happen when it already long
>since has. That was the provisioning. And if they tried to raise
>prices when the market won't support it because other airlines won't
>go along, they will get nowhere
Are you really so dense as not to see that I'm saying the fine is
simply going to be applied to BA's passengers???
Aug 1st 2007 | 7:35 am
#15
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
"Viking" <[email protected]> wrote in message
news:[email protected]...
> >>And where did that money (which would still leave a shortfall)
come
> >>from? Thin air? Or passengers???
> >
> >
> >From revenue a long time ago. That's what provisioning is. So
> >where's the shortfall?
>
> Come off it. Passengers are paying the fine. So BA isn't really
hurt,
> passengers are.
Don't talk crap. This won't make any difference to the prices
passengers pay. BA still have to compete, if they raise prices
passengers will just go elsewhere. If they could get away with raising
prices without losing customers, they'd do it anyway to increase
profits.
The fine will affect shareholders and board bonuses. Not passengers.
--
Andy
news:[email protected]...
> >>And where did that money (which would still leave a shortfall)
come
> >>from? Thin air? Or passengers???
> >
> >
> >From revenue a long time ago. That's what provisioning is. So
> >where's the shortfall?
>
> Come off it. Passengers are paying the fine. So BA isn't really
hurt,
> passengers are.
Don't talk crap. This won't make any difference to the prices
passengers pay. BA still have to compete, if they raise prices
passengers will just go elsewhere. If they could get away with raising
prices without losing customers, they'd do it anyway to increase
profits.
The fine will affect shareholders and board bonuses. Not passengers.
--
Andy
