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Editorial Team

Retirement pressures soar for the sandwich generation

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Retirement pressures soar for the sandwich generation

October 18, 2024

S&P 500 Q3 earnings season preview

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S&P 500 Q3 earnings season preview

October 17, 2024

Berkshire Hathaway sells $75 billion in stocks

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Berkshire Hathaway sells $75 billion in stocks

October 17, 2024

News• Stocks

China’s stocks rally lures retail investors

October 17, 2024

Child-free couples save more each month

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Child-free couples save more each month

October 17, 2024

Pensions for ex-servicemen to start from discharge

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Pensions for ex-servicemen to start from discharge

October 16, 2024

Tokyo stocks surge, Chinese shares decline

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Tokyo stocks surge, Chinese shares decline

October 16, 2024

Concerns arise over Warren Buffett's strategies

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Concerns arise over Warren Buffett’s strategies

October 16, 2024

Buffett increases Occidental stake to 27.25%

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Buffett increases Occidental stake to 27.25%

October 16, 2024

Example of airline incident: The United Airlines passenger removal incident in 2017 highlighted poor service recovery. While United eventually apologized and revised its overbooking policies, they should have immediately offered higher compensation for volunteers and handled the situation with more empathy and care. Less than desirable experience: I experienced a long delay due to mechanical issues without proper communication. This affected my adequate service level, as I expected timely updates. Factors like poor communication and lack of transparency influenced my negative perception. Largest gap for airlines: The largest gap is customer service, particularly in handling delays and cancellations. Airlines should improve communication, offer real-time updates, and provide better compensation or alternatives to close this gap. Measuring customer satisfaction: Customer satisfaction is more difficult to measure for airlines because it depends on various factors like service features (comfort, timeliness), emotions (stress of travel), and external events (delays, cancellations). Each flight experience can vary greatly. Technological advances: Real-time customer support via apps, better in-flight entertainment, and improved seating comfort would enhance the airline experience. Also, more efficient boarding processes would reduce stress for passengers. Best at relationship marketing: Southwest Airlines excels in relationship marketing with its "Bags Fly Free" policy and no change fees. Their friendly customer service and transparency build strong customer loyalty. Problems post-pandemic: Airlines faced staffing shortages and operational disruptions after the pandemic. Many struggled with surging demand while maintaining service quality, which led to delays and cancellations. Service innovation experience: I experienced a self-check-in kiosk that sped up the check-in process, making my experience more efficient. This innovation increased my loyalty to the airline. Service guarantees: Airlines offer guarantees like on-time arrival credits or reimbursement for lost luggage. These guarantees can influence my decision if an airline is known for reliable service and follows through on its promises. Handling of COVID-19 mask requirements: Airlines generally handled the mask situation well by enforcing policies, though inconsistencies and confrontations arose with passengers. Overall, they adapted quickly to changing regulations but faced challenges in ensuring compliance.

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BlackRock hits record $11.5 trillion in Q3

October 16, 2024

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