Fair 41°
Tag:

Labor Costs

Business
What Spirit Airlines' Bankruptcy Means For Holiday Travelers What Spirit Airlines' Bankruptcy Means For Holiday Travelers
What Spirit Airlines' Bankruptcy Means For Holiday Travelers Spirit Airlines, the no-frills budget carrier, announced it would file for Chapter 11 bankruptcy a week before a record number of people are expected to fly during the Thanksgiving holiday, reports said.  The Florida-based airline announced Monday, Nov. 18, that its debt, growing losses, and increased competition have kept the company in the red for four years, and it would need to restructure its bills to keep it in the air, NBC News reported.  However, despite its financial troubles, the airline promised passengers they would not feel any of that pain in the air.  "Guests …

SHARE

by Josh Lanier
Business
Hudson Valley Eatery Announces Closure 'With Heavy Heart' Hudson Valley Eatery Announces Closure 'With Heavy Heart'
Hudson Valley Eatery Announces Closure 'With Heavy Heart' After eight years of good food and drinks, a beloved Hudson Valley pub and beer garden is closing its doors. Located in Ulster County, Schatzi's New Paltz will serve its last pierogi and cold beer on Sunday, Dec. 31. The owner, Jeremy Phillips, who announced on Facebook the closure, said it was with a "heavy heart" that he is closing the business. "New Paltz being my home town has and will always hold a special place in my heart," Phillips said. "I love this town and the people of this town." He added that many factors contributed to his decision to close the door including the pandemic,…

SHARE

by Kathy Reakes
Business
Popular Burger Chain Expected To Increase Prices, Report Says Popular Burger Chain Expected To Increase Prices, Report Says
Popular Burger Chain Expected To Increase Prices, Report Says Customers of a popular burger chain can expect to pay a bit more for their orders, as the company is planning to increase its prices soon.  Shake Shack CFO Katherine Fogertey said customers will have to pay as much as 3% to 3.5 percent more, a higher increase than previous years, according to Eat This, Not That.  The site said the price is expected to change at the end of 2021, and another increase might take place in 2022. The decision was reportedly made to offset the costs of commodities and labor that have risen during the COVID-19 pandemic. Other businesses, such as Chipotl…

SHARE

by Nicole Valinote