Bloomberg Starbucks Corp. reported profit and comparable sales that trailed Wall Street’s expectations as weakness in China weighed on results, sending shares down in late trading. Executives reaffirmed confidence in the country and predicted a recovery there this year. Comparable sales of 5% in the quarter ended January 1 were below the average estimate for 6.8% growth compiled by ...

  Bloomberg The insolvency administrator of Frankfurt-Hahn airport in western Germany said he’s secured different “sale variants” for the facility and concluded two purchase agreements with investors who are independent of each other. The administrator’s comment comes amid reports of several interested parties for the insolvent airfield. The agreements are subject to conditions “so that ultimately only one purchase agreement ...

  Bloomberg The frequent-flyer clubs of marquee Asian airlines including Cathay Pacific Airways Ltd. and Singapore Airlines Ltd. fell further behind those of US rivals during the pandemic, highlighting the region-wide damage from prolonged travel restrictions. Led by Delta Air Lines Inc., loyalty divisions at the four major US airlines cemented their positions in early 2023 as the world’s most ...