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Fri, Aug 24, 2007

Aero-News: Quote of the Day (08.24.07)

Aero-News: Quote of the Day

ANN's Quote of the Day usually derives from current news, though we reserve the right to pick quotes out of history that have a bearing on the day's events and issues.

Sometimes, you'll find them timely and in keeping with the content of the day's news... and sometimes, they'll just be thought-provoking.

Reader suggestions and comments are welcome... and if particularly intriguing, timely, or poignant, may themselves become future Quotes of the Day.

Let us hear from you, folks!

Aero-News Quote of the Day

"The Antitrust Division is actively continuing its investigation into the air transportation industry."

Source: Scott D. Hammond, Deputy Assistant Attorney General for Criminal Enforcement of the DOT's Antitrust Division. On Thursday, British Airways and Korean Air were each fined $300 million, after admitting they conspired to fix pricing on international flights. The carriers admitted earlier this month they teamed up with rivals over cargo rates and fuel surcharges added to fares in response to rising oil prices, thus increasing prices to passengers and international shippers.

FMI: www.britishairways.com, www.koreanair.com, www.usdoj.gov

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