British Airways Fined Nearly $550M for Price Fixing
Aug 1st 2007, 7:40 pm
#16
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
"Viking" <[email protected]> wrote in message
news:[email protected]...
> >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???
Do you have a clue how companies in competitive markets operate? They
will set their prices to maximise profits. If BA were a monopoly, or
all other airlines were fined the same, then it may have an effect on
ticket prices. But neither are the case.
--
Andy
news:[email protected]...
> >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???
Do you have a clue how companies in competitive markets operate? They
will set their prices to maximise profits. If BA were a monopoly, or
all other airlines were fined the same, then it may have an effect on
ticket prices. But neither are the case.
--
Andy
Aug 1st 2007, 7:48 pm
#17
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 20:40:56 +0100, "Andy Pandy"
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >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???
>
>Do you have a clue how companies in competitive markets operate? They
>will set their prices to maximise profits. If BA were a monopoly, or
>all other airlines were fined the same, then it may have an effect on
>ticket prices. But neither are the case.
BA is more likely to raise prices by 0.5% or 1% than drop their
dividend by 25%.
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >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???
>
>Do you have a clue how companies in competitive markets operate? They
>will set their prices to maximise profits. If BA were a monopoly, or
>all other airlines were fined the same, then it may have an effect on
>ticket prices. But neither are the case.
BA is more likely to raise prices by 0.5% or 1% than drop their
dividend by 25%.
Aug 1st 2007, 7:50 pm
#18
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
<[email protected]> wrote:
>
>"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.
Don't talk crap. If cost were the only consideration, everyone would
be flying Ryan Air on all routes that BA and Ryan Air share. That
doesn't happen.
<[email protected]> wrote:
>
>"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.
Don't talk crap. If cost were the only consideration, everyone would
be flying Ryan Air on all routes that BA and Ryan Air share. That
doesn't happen.
Aug 1st 2007, 7:53 pm
#19
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
<[email protected]> wrote:
>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.
Where's your proof that BA has $550M in slack when it comes to
shareholders and board bonuses?? I think they're running close to the
bone and will simply pass on the fine. DIstributed among tens of
miilions of passengers, it's not much.
But the passengers will still pay for it.
<[email protected]> wrote:
>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.
Where's your proof that BA has $550M in slack when it comes to
shareholders and board bonuses?? I think they're running close to the
bone and will simply pass on the fine. DIstributed among tens of
miilions of passengers, it's not much.
But the passengers will still pay for it.
Aug 1st 2007, 7:59 pm
#20
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
"Viking" <[email protected]> wrote in message
news:[email protected]...
> >> >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???
> >
> >Do you have a clue how companies in competitive markets operate?
They
> >will set their prices to maximise profits. If BA were a monopoly,
or
> >all other airlines were fined the same, then it may have an effect
on
> >ticket prices. But neither are the case.
>
> BA is more likely to raise prices by 0.5% or 1% than drop their
> dividend by 25%.
Bullshit. Airlines have complex algorithms to determine their prices
to maximise profits. Any increase or decrease to fares by definition
will result in less profits.
They don't need to "drop their dividend by 25%" as they've already
provisioned for the fine.
--
Andy
news:[email protected]...
> >> >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???
> >
> >Do you have a clue how companies in competitive markets operate?
They
> >will set their prices to maximise profits. If BA were a monopoly,
or
> >all other airlines were fined the same, then it may have an effect
on
> >ticket prices. But neither are the case.
>
> BA is more likely to raise prices by 0.5% or 1% than drop their
> dividend by 25%.
Bullshit. Airlines have complex algorithms to determine their prices
to maximise profits. Any increase or decrease to fares by definition
will result in less profits.
They don't need to "drop their dividend by 25%" as they've already
provisioned for the fine.
--
Andy
Aug 1st 2007, 8:03 pm
#21
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
"Viking" <[email protected]> wrote in message
news:[email protected]...
> >> 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.
>
> Don't talk crap. If cost were the only consideration, everyone would
> be flying Ryan Air on all routes that BA and Ryan Air share. That
> doesn't happen.
*whoosh*
Hint: passengers might be prepared to pay £50 more to fly BA. They
won't suddenly be prepared to pay £60 more just cos BA have been
fined.
If BA could get away with raising prices and not lose passengers,
*they'd do it anyway* fine or no fine.
--
Andy
news:[email protected]...
> >> 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.
>
> Don't talk crap. If cost were the only consideration, everyone would
> be flying Ryan Air on all routes that BA and Ryan Air share. That
> doesn't happen.
*whoosh*
Hint: passengers might be prepared to pay £50 more to fly BA. They
won't suddenly be prepared to pay £60 more just cos BA have been
fined.
If BA could get away with raising prices and not lose passengers,
*they'd do it anyway* fine or no fine.
--
Andy
Aug 1st 2007, 8:44 pm
#22
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
>>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???
Gee, what a genius. You managed to figure out that customers pay
company's bills. What a revelation.
>
>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???
Gee, what a genius. You managed to figure out that customers pay
company's bills. What a revelation.
Aug 1st 2007, 8:45 pm
#23
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 15:33:07 -0400, Viking <[email protected]>
wrote:
>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???
No but you sure are. Going to is future tense. As I have repeatedly
point out to you dimwit, this money has long since been set aside from
BAs revenues to pay it.
wrote:
>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???
No but you sure are. Going to is future tense. As I have repeatedly
point out to you dimwit, this money has long since been set aside from
BAs revenues to pay it.
Aug 1st 2007, 8:46 pm
#24
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 20:40:56 +0100, "Andy Pandy"
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >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???
>
>Do you have a clue how companies in competitive markets operate? They
>will set their prices to maximise profits. If BA were a monopoly, or
>all other airlines were fined the same, then it may have an effect on
>ticket prices. But neither are the case.
>
>--
>Andy
>
>
No he doesn't and you are exactly right.
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >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???
>
>Do you have a clue how companies in competitive markets operate? They
>will set their prices to maximise profits. If BA were a monopoly, or
>all other airlines were fined the same, then it may have an effect on
>ticket prices. But neither are the case.
>
>--
>Andy
>
>
No he doesn't and you are exactly right.
Aug 1st 2007, 8:47 pm
#25
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 15:48:44 -0400, Viking <[email protected]>
wrote:
>On Wed, 1 Aug 2007 20:40:56 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>
>>"Viking" <[email protected]> wrote in message
>>news:[email protected]. ..
>>> >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???
>>
>>Do you have a clue how companies in competitive markets operate? They
>>will set their prices to maximise profits. If BA were a monopoly, or
>>all other airlines were fined the same, then it may have an effect on
>>ticket prices. But neither are the case.
>
>BA is more likely to raise prices by 0.5% or 1% than drop their
>dividend by 25%.
Sure and the raise will last about 35 seconds before the other
airlines don't follow and be rescinded or they will lose a lot more
than the dividend
wrote:
>On Wed, 1 Aug 2007 20:40:56 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>
>>"Viking" <[email protected]> wrote in message
>>news:[email protected]. ..
>>> >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???
>>
>>Do you have a clue how companies in competitive markets operate? They
>>will set their prices to maximise profits. If BA were a monopoly, or
>>all other airlines were fined the same, then it may have an effect on
>>ticket prices. But neither are the case.
>
>BA is more likely to raise prices by 0.5% or 1% than drop their
>dividend by 25%.
Sure and the raise will last about 35 seconds before the other
airlines don't follow and be rescinded or they will lose a lot more
than the dividend
Aug 1st 2007, 8:48 pm
#26
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 1 Aug 2007 20:59:13 +0100, "Andy Pandy"
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >> >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???
>> >
>> >Do you have a clue how companies in competitive markets operate?
>They
>> >will set their prices to maximise profits. If BA were a monopoly,
>or
>> >all other airlines were fined the same, then it may have an effect
>on
>> >ticket prices. But neither are the case.
>>
>> BA is more likely to raise prices by 0.5% or 1% than drop their
>> dividend by 25%.
>
>Bullshit. Airlines have complex algorithms to determine their prices
>to maximise profits. Any increase or decrease to fares by definition
>will result in less profits.
>
>They don't need to "drop their dividend by 25%" as they've already
>provisioned for the fine.
>
>--
>Andy
>
>
Again, you are exactly correct, but this continually goes over his
head which seems to be planted somewhere where he can't see.
<[email protected]> wrote:
>
>"Viking" <[email protected]> wrote in message
>news:[email protected].. .
>> >> >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???
>> >
>> >Do you have a clue how companies in competitive markets operate?
>They
>> >will set their prices to maximise profits. If BA were a monopoly,
>or
>> >all other airlines were fined the same, then it may have an effect
>on
>> >ticket prices. But neither are the case.
>>
>> BA is more likely to raise prices by 0.5% or 1% than drop their
>> dividend by 25%.
>
>Bullshit. Airlines have complex algorithms to determine their prices
>to maximise profits. Any increase or decrease to fares by definition
>will result in less profits.
>
>They don't need to "drop their dividend by 25%" as they've already
>provisioned for the fine.
>
>--
>Andy
>
>
Again, you are exactly correct, but this continually goes over his
head which seems to be planted somewhere where he can't see.
Aug 1st 2007, 8:50 pm
#27
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 15:50:27 -0400, Viking <[email protected]>
wrote:
>On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>
>>"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.
>
>Don't talk crap. If cost were the only consideration, everyone would
>be flying Ryan Air on all routes that BA and Ryan Air share. That
>doesn't happen.
Sure and your astute analysis leaves out Virgin, United, American,
Continental and a host of others that are BAs real competition or
can't you understand either that Ryanair and BA are in entirely
different markets?
wrote:
>On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>
>>"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.
>
>Don't talk crap. If cost were the only consideration, everyone would
>be flying Ryan Air on all routes that BA and Ryan Air share. That
>doesn't happen.
Sure and your astute analysis leaves out Virgin, United, American,
Continental and a host of others that are BAs real competition or
can't you understand either that Ryanair and BA are in entirely
different markets?
Aug 1st 2007, 8:53 pm
#28
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
On Wed, 01 Aug 2007 15:53:58 -0400, Viking <[email protected]>
wrote:
>On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>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.
>
>Where's your proof that BA has $550M in slack when it comes to
>shareholders and board bonuses?? I think they're running close to the
>bone and will simply pass on the fine. DIstributed among tens of
>miilions of passengers, it's not much.
>
>But the passengers will still pay for it.
Trying to have a battle of wits when the other side comes completely
unarmed is obviously a difficult task. No matter how many
explanations of how airlines operate and businesses do their
provisioning has any effect on your idiotic arguments. The proof ace
is that BA has ALREADY set the money aside so, of course, they have
it.
wrote:
>On Wed, 1 Aug 2007 20:35:23 +0100, "Andy Pandy"
><[email protected]> wrote:
>
>>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.
>
>Where's your proof that BA has $550M in slack when it comes to
>shareholders and board bonuses?? I think they're running close to the
>bone and will simply pass on the fine. DIstributed among tens of
>miilions of passengers, it's not much.
>
>But the passengers will still pay for it.
Trying to have a battle of wits when the other side comes completely
unarmed is obviously a difficult task. No matter how many
explanations of how airlines operate and businesses do their
provisioning has any effect on your idiotic arguments. The proof ace
is that BA has ALREADY set the money aside so, of course, they have
it.
Aug 2nd 2007, 7:23 am
#29
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
Viking a �crit :
> 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???
They already exorted that money from the consumer.
Their anti-concurrence commercial practices resulted in non legal
profits and unfair prices for the consumer. The fine for cheating with
the free market rules should be significant in order to discourage them.
You support free markets don't you ?
> 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???
They already exorted that money from the consumer.
Their anti-concurrence commercial practices resulted in non legal
profits and unfair prices for the consumer. The fine for cheating with
the free market rules should be significant in order to discourage them.
You support free markets don't you ?
Aug 2nd 2007, 3:03 pm
#30
Guest
Posts: n/a
Re: British Airways Fined Nearly $550M for Price Fixing
Alright, talking with you is a useless bag of shit.
You're outta here.
PLONK.
You're outta here.
PLONK.