Flight Centre has won its appeal against the competition watchdog over a price-fixing case.
Source: AAP
FLIGHT Centre has won its long running battle against the consumer watchdog after successfully overturning a price fixing judgment made against it.
THE full bench of the Federal Court on Friday overturned the 2013 judgment that saw the company fined $11 million over six alleged breaches of the Trade Practices Act.
The case was brought on by the Australian Competition and Consumer Commission, which accused Flight Centre of breaching the Trade Practices Act between 2005 and 2009 by insisting the airlines it worked with not offer cheaper prices directly to customers than were available to the travel retailer.
Chief executive Graham Turner welcomed the decision and again defended the company's actions. "As an agent that provides considerable advice and help to the travelling public and extensive marketing for airlines, FLT asks for appropriate commissions from suppliers and also reasonable access to all deals that they release to the market," he said in a statement.
"This is a logical and natural business request for an agent to make to ensure the customers it serves on behalf of airlines are not disadvantaged."
The decision means the $11 million Flight Centre paid in fines will be refunded, with interest, which will provide a boost to its 2015/16 financial year results.
The ACCC has also been ordered to pay the company's legal bill. Flight Centre shares were down 41 cents at $35.10 at 1153 AEST.
Cr : The Australian
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