Friday night football is a tradition in Georgia communities. And it’s not just a big deal for sports fans. It’s also big for local businesses. Folkston is one such example. The town of 2,800 people is in southeast Georgia, between Waycross and the Florida line. And when the Charlton County High School Indians play home games, the community comes alive.
Delta Air Lines Inc. is laying off 200 workers, most of them at its headquarters in Atlanta. The world's second-biggest airline said in July that 2,000 workers were taking voluntary buyouts. It is cutting its fall schedule more than expected and has said it needs to reduce costs to match. Airlines have been coping with unusually high fuel prices and lukewarm demand from business travelers.
Coca-Cola released a strong earnings report this week. The Atlanta-based company says it had a nearly 50-percent spike in revenue for its second quarter. Revenue totaled $12.7 billion. On the strength of that news, Coke’s stock is at a 12-year high.
A Chinese aviation leasing company has announced a deal with Gulfstream Aerospace to buy 50 high-end business jets for more than $2.5 billion. Gulfstream spokesman Jeff Miller has confirmed the deal with Minsheng Banking Corp. The deal is expected to be converted into firm orders over the next three to five years.
Not even three months since landing in Savannah, Vision Airlines is leaving the market. Savannah airport officials never really saw the regional carrier as a good fit. Vision offered flights three times a week to Destin/Fort Walton Beach for a total of 90 seats of weekly service.
Georgia's new immigration law is affecting businesses beyond those in agriculture and other industries that rely on immigrant labor. Shops catering to Hispanics say, their customer base is drying up, leaving them worried about their future. One such store owner says, she might close up shop -- leaving her town with one more shuttered small business.
Local governments with fleets of vehicles and buses that use natural gas can use the stations to fill up, just as people use regular service stations. Currently there are only two natural gas stations in the state, though four more are planned for this year.
The nation’s second-largest airline says it will lose between $250 million to $400 million this year due to the crisis in Japan. Due to that and higher fuel costs, Delta is again scaling-back its flight schedules.