Air France-KLM , British Airways and nine other airlines were fined a total of 799 million euros ($1.11 billion) by EU antitrust regulators for fixing cargo prices.

The European Commission slapped a 340 million fine, the biggest in the case, on Air France-KLM group, which was formed from a merger in 2004 and which acquired carrier Martinair in 2008.

British Airways was penalised to the tune of 104 million euros, SAS 70.2 million euros, Singapore Airlines 74.8 million euros, Cathay Pacific 57.12 million euros, Qantas 8.9 million euros and Japan Airlines 35.7 million euros.

Luxembourg-based Cargolux Airlines was fined 79.9 million euros and Air Canada 21 million euros. LAN Chile was fined 8.2 million euros.

Lufthansa was found guilty of taking part in the cartel but received immunity from a fine because it had alerted the Commission to the existence of the cartel. (Reuters)