Flight Centre Limited
(ASX:FLT) shares closed down on Friday after the Australian Competition and Consumer Commission accused the company of collusion with airlines.
After the market closed the travel agent said it was surprised the competition regulator has initiated proceedings around claims of price fixing.
It has rejected the ACCC’s action and will vigorously fight the accusation.
On Friday, Flight Centre’s stock closed down 1.84 per cent at $21.38.
Flight Centre reported a first half net profit of $81.6 million in the last six months of 2011.
