22nd Jun 2006 07:38
British Airways PLC22 June 2006 OFT/DOJ Investigations The Office of Fair Trading (OFT) and the United States Department of Justice(DOJ) are investigating alleged cartel activity involving British Airways andother airlines in relation to pricing of passenger air transportation, includingfuel surcharges. British Airways' policy is to conduct its business in full compliance with allapplicable competition laws. British Airways is assisting the OFT and DOJ withtheir investigations. Martin George, Commercial Director, and Iain Burns, Headof Communications, have been given leave of absence during the investigation. Certain information included in this statement may be forward-looking andinvolves risks and uncertainties that could cause actual results to differmaterially from those expressed or implied by the forward looking statements. Forward-looking statements include, without limitation, projections relating toresults of operations and financial conditions and the Company's plans andobjectives for future operations, including, without limitation, expected futurerevenues, financing plans and expected expenditures and divestments. Anyforward-looking statements in this announcement are based upon information knownto the Company on the date of this announcement. The Company undertakes noobligation to publicly update or revise any forward-looking statement, whetheras a result of new information, future events or otherwise. It is not reasonably possible to itemise all of the many factors and specificevents that could cause the Company's forward looking statements to be incorrector that could otherwise have a material adverse effect on the future operationsor results of an airline operating in the global economy. Information on somefactors which could result in material difference to the results is available inthe Company's SEC filings, including, without limitation the Company's Report onForm 20-F for the year ended March, 2006. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
International Airlines