Airlines have been cutting employee pensions to save the company money.

AIRLINES AND THEIR PENSION LIABILITIES

Running Head : Airlines and their Pension Liabilities

AIRLINES AND THEIR PENSION LIABILITIES

In APA style

2008

Airlines and their Pension Liabilities

Introduction

If we are familiar with various articles and studies regarding the airline industry , it becomes clear in our minds that the US and also the international airline industry has been facing groundbreaking changes within their business environments . Discussions within those articles and studies point out many factors as possible causes of this groundbreaking changes , like the terrorist attack in 9-11 , rising

price of oil , changing cultural trend in air travel , development of new business concepts in airline services , etc . All of these causes and several more are playing their roles in shifting the foundations of the airline industry toward a new era

In this new era , there are several apparent changes in the face of the airline industry . The leaders have changed , the underlying values that attract customers have changed and the way people perceived `quality ' in airline services have changed . Low Cost Carriers are considered the new leaders and the `revolutionary agent ' that will determine the future look of US and international airline industry . Observers of the industry have also , for quite some time now , believed that the Low Cost Carriers are themselves , the future of the airline industry

The values that people considered the most in airline services are no longer luxury and convenience , but punctuality and economically sound service packages . Thus , quality no longer means world class dinner services on...