Europe & CIS: SAS sued by retailers over price fixing

Scandinavian airline SAS is being sued by several major Swedish companies for losses resulting from price fixing on air freight services. Low-cost furniture chain IKEA and clothing retailer Hennes & Mauritz were among the companies who had launched lawsuits against SAS, according to media reports. The price fixing cartel was uncovered after European and US […]


Scandinavian airline SAS is being sued by several major Swedish companies for losses resulting from price fixing on air freight services.

Low-cost furniture chain IKEA and clothing retailer Hennes & Mauritz were among the companies who had launched lawsuits against SAS, according to media reports.

The price fixing cartel was uncovered after European and US authorities carried out dawn raids at airlines on both sides of the Atlantic in early 2006. In June this year, SAS – like several of its competitors – admitted its cargo subsidiary had violated US competition laws and agreed with the Department of Justice to pay a US$52 million fine.

A separate European investigation, with which SAS has said it is cooperating fully, is still underway.