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The ACCC alleged that Singapore Airlines Cargo, between 2001 and 2005, entered into arrangements or understandings with other international air cargo carriers that had the purpose or effect of fixing the price of a fuel surcharge and a security surcharge that was applied to air cargo carried by Singapore Airlines Cargo and other airlines ...
Price fixing is an anticompetitive agreement between participants on the same side in a market ... International airline tickets have their prices fixed by agreement ...
The International Air Transport Association (IATA / aɪ ˈ ɑː t ə /) is an airline trade association founded in 1945. [5] IATA has been described as a cartel since, in addition to setting technical standards for airlines, IATA also organized tariff conferences that served as a forum for price fixing.
According to consumer price index data released in July 2023, even though flight prices had dropped by 18.9% since June 2022, they remain elevated. See: How To Save $200 on Your Grocery Bill Every ...
On the upside for airlines, however, airfreight is also up and growing, and fuel prices have dropped from $91.2 to $72.5 per barrel, where anything below $80 is considered favorable for airline ...
Singapore Airlines Cargo was the third airline to be the targeted for fuel surcharge price fixing. [8] In May 2010, Singapore Airlines was fined by the Fair Trade Commission of South Korea for conspiring to introduce fuel surcharges for cargoes or continuing to raise them over the past seven years. [9]