Bloomberg JetBlue Airways Corp will park 100 aircraft and reduce flying capacity 70% this month as passenger loads plummet because of the new coronavirus. The carrier expects the number of passengers to fall to 7,000 daily in April from about 120,000 that it would typically expect, a plunge of 94%, JetBlue said in a statement. The New York-based airline also …

Bloomberg Deutsche Lufthansa AG Chief Executive Carsten Spohr is facing mounting pressure to hand over an equity stake to the German government as the airline fights for survival in the coronavirus crisis, according to people familiar with the matter. Lufthansa representatives are locked in talks with the cabinet in Berlin, the people said, asking not to be identified because the …

Bloomberg Stuck-at-home Americans are nowadays way more interested in buying toilet paper and hand soap than handbags and evening gowns. That’s forcing luxury retailers, like Neiman Marcus Group Inc and Nordstrom Inc, to resort to a tactic they rarely use: discounts. Neiman Marcus has Tom Ford glasses, which usually sell for about $400, at 50% off on its website. Customers …