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Middle East Many expats still flying in Knoteetingham. Regional issues can be discussed here.


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Old 12th Oct 2012, 03:39   #1 (permalink)
 
Join Date: Sep 2011
Location: Dubai
Posts: 507
Naughty Emirates
10 Million down the gurgler.

$10m price fixing fine for Emirates airline | Perth Now
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Old 12th Oct 2012, 06:25   #2 (permalink)
 
Join Date: Dec 2008
Location: in a hotspot on that planet
Posts: 146
there goes the profit share....
here we go again...
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Old 12th Oct 2012, 06:52   #3 (permalink)
 
Join Date: Aug 2000
Posts: 629
Peanuts!

And in the same article: Tourism Australia signs Emirates deal worth 14,3 million!

And then, as part of the punishment:

Quote:
Justice Katzmann also ordered Emirates to restrain from engaging in similar conduct for five years
Emirates must be terrified! Don't mess with the Australians! You will be severly punished!
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Old 12th Oct 2012, 08:17   #4 (permalink)
 
Join Date: Oct 2007
Location: Location, Location
Posts: 176
Didn't the bonus disappear the other morning along with a few bundles of poor quality lighting wiring?
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Old 12th Oct 2012, 09:05   #5 (permalink)
 
Join Date: Nov 2001
Location: Dubai
Posts: 519
Code shares, global 'alliances', bilateral agreements, capacity constraints, subsidies.
The airline business, historically, has been riddled with anti competitive price fixing.
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Old 12th Oct 2012, 10:25   #6 (permalink)
 
Join Date: Jun 2006
Location: Dubai
Posts: 186
I wonder if the person responsible will be given a verbal or written warning? Better still, maybe they should lose their staff travel privileges for 12 months or even better still, be demoted for 12 months and given another chance?
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Old 12th Oct 2012, 11:31   #7 (permalink)
 
Join Date: Apr 2001
Location: overthere
Posts: 1,166
Or repay the bonus they made in those years. Valid points bypass.
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Old 13th Oct 2012, 11:01   #8 (permalink)
 
Join Date: Nov 2009
Location: Dusty West
Age: 42
Posts: 101
I wonder what they would do to an EK captain who caused 10 million in damage to the corporate profit?

C'mon Tim C. .....we all want to know what you'd do to such a person?
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Old 13th Oct 2012, 15:03   #9 (permalink)
 
Join Date: Jan 2003
Location: Eternal Beach
Posts: 695
He would say...

"Let's join up with one of the other major perp's and let bygones be bygones"

halas
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Old 14th Oct 2012, 00:49   #10 (permalink)
 
Join Date: Jul 1998
Location: between 20 & 30 000'
Posts: 62
my question is:

how much extra profit did they (and all the other guilty parties)make with this price fixing??

My guess is it was way north of $10 mill.

I expect the victims of this price fixing will now have to contact the authorities to claim damages. hahahaha
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Old 15th Oct 2012, 06:54   #11 (permalink)
 
Join Date: Dec 1999
Location: Land of everlasting thirst
Posts: 91
I would think in this day and age we are all about root cause analysis. If 10 Major airlines including their own, have violated their regulations then surely this calls for some sort of a review.
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Old 19th Oct 2012, 12:04   #12 (permalink)
 
Join Date: Nov 2003
Location: MUC
Posts: 42
Peanuts
10 m is peanuts.

Ek spends 22m A DAY in fuel costs, a total of 8000000000 usd a year.
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