Maybe so, but those organizations that have their pension plans setup in this way are still obligated to provide appropriately, regardless of how they're setup. Pensions are a big thing to me, even though I do not, have not, and probably never will work for a company that has one! For as long as pensions have been around, people have relied on them to provide for them during retirement. Whether or not that is a wise move is not the point here, it was advertised to tens of millions of workers as a true benefit of working for a particular company. When I read about Bethleham Steel in the past, or United currently defaulting on their plans, it makes me furious. United should ahve shut down routes, sold planes...anything to save their workers hard-earned $$'s.

Getting back to CO, based on their recent financial performance - compared to the other LCC's - I would think that CO is using their money wiser than the others.