$504 million fine to conspiring airlines

After a probe carried out by the US Justice Department, five airlines have been fined more than $500 million after their admission of conspiring to fix cargo rates, a move that breaks anti-trust laws. Air France and KLM, now operated by a single company, are to pay $350m, Cathay Pacific $60 million, Dutch airline Martinair is to pay $42 million and Scandinavia's SAS $52 million. Statements from