When you operate a business, it costs you money to not be open. You still pay rent and utilities even when you’re closed. Because of that, back in my toy store general manager days, I tried very hard to keep the store open profitably as much as possible. That didn’t just mean opening the doors […]

Success in the travel industry depends on many factors that are often outside the entrepreneur’s control. With advances in technology revolutionizing the ease with which travelers can book flights and hotels on their own without an agent, travel agencies and booking platforms in particular have struggled to stay afloat amid rising operating costs and dropping […]

On Sept. 14, Latvian flag carrier AirBaltic filed for Chapter 11 protection in the U.S. Bankruptcy Court for the Southern District of New York, citing “acute financial stress due to a combination of financial and geopolitical factors.” Specifically, the price of jet fuel has remained elevated for months following the closure of the Strait of […]