British Airways has been fined £121.5m after it admitted trying to fix the price of fuel surcharges on long-haul flights with Virgin Atlantic in response to rising oil prices. The Office of Fair Trading (UK) and the US Department of Justice (DoJ) have been investigating the allegations for over a year. Apparently BA has set aside £350m to cover fines and the costs of legal action. Virgin Atlantic is not expected to be fined, as it had been given immunity after it reported BA's activity.
I should just like to mention that the anagram of British Airways is - ‘This is war by air’