Legality of fuel surcharges for airlines who have hedged costs
I note that the latest rounds of fuel surcharges include similar amounts for airlines who have hedged and those who have not. Air France KLM (for example) has 75% of fuel needs into next year hedged at around $75, according to their own website. Some airlines, particularly US ones, have no hedging. To me (and I am not a lawyer, but know that airlines are exempt from some aspects of competition law), hedged and non-hedged airlines matching each other's fuel surcharges feels like a BA/Virgin-type illegal agreement. Any lawyers out there?
Momo