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Travel Agency (AXcess News) Hong Kong - Hong Kong's premier air carrier, Cathay Pacific Airlines, has been sued for fixing cargo rates along with ten other airlines.

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Last Minute Travel The antitrust lawsuit filed in the United States accuses the air carriersof conspiring to fix fuel price surcharges for cargo flights.

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Aloha Airlines British Airways, Deutsche Lufthansa, UAL Corp and Japan Airlines Corp were also named in the case.

Return flights to Bangkok are priced around the £ £550 mark, with Qatar, Thai, Emirates, Singapore and Malaysia Airways. For budget hunters, you can go as low as £270 with Gulf Air. Aeroflot are even cheaper, but we suggest you give them a steer. You’ll find a similar range of prices to the Philippines, with airlines such as Qatar and Cathay Pacific the best options. Once there, internal flights are dirt cheap.

Travel Agent The US Justice Department and the European Union's executive arm have raided a number of carriers on both sides of the Atlantic as part of a global investigation that started last month.

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Travel Agents The complaint was filed on February 28 in US District Court for the Northern District of Illinois.

Discount Airfares If the EU finds evidence of price-fixing, the carriers could be fined as much as 10 percent of their annual sales, while in the US thecarriers facecriminal charges.

Travel Deals A spokesperson for Cathay Pacific said the airlines was aware of the civil charges in the United States but made no comment about the case, though she said the airlines was cooperating with both the EU Commission and the US Justice Department in their investigations.

Air Fares Cathay Pacific said Wednesday its net profit fell 25.3 percent to HK$3.3 billion last year as record jet fuel prices offset strong growth in passenger demand. Cargo revenue recorded HK$12.8 billion, compared to HK$50.9 billion total turnover.

Travel Insurance Cathay Pacific's jet fuel cost jumped 67.2 percent last year to HK$15.58 billion, accounting for 30 percent total costs, overtaking route expenses as the biggest cost item. Cathay paid an average US$73 (HK$569.40) per barrel for jet fuel last year, up from US$47.50 a year earlier.

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