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Most if not all airline companies have suffered some major losses in the economic downturn of the past couple of years. Virgin Atlantic is one that had its worst year ever during 2009, and reported losses of around £158 million for the twelve months up to February 2010. However, the company seems to be rebounding with [...] The Office of Fair Trading (OFT) recently issued a statement of objections regarding the conduct of Cathay Pacific and Virgin Atlantic airlines. The charge is that both companies may have been guilty of breaking the laws against price fixing, specifically on flights between London and Hong Kong. Cathay Pacific brought the situation to the attention of [...] |
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