Bloomberg Deutsche Lufthansa AG will significantly curtail flights and ground more planes in a new sign of the coronavirus’s escalating toll on travel. The German flag carrier will cut as much as a quarter of its short- and medium-haul flights across all brands in the coming weeks. The number of grounded aircraft for long-haul services will rise to 23 from ...

Bloomberg Growing fear over coronavirus is battering commercial airline stocks, but private jet operators are seeing a spike in demand as well-heeled travellers look to minimise their public exposure and find alternatives to suspended flights. “There’s undoubtedly been a rise in demand for short-notice, on-demand charter,” said Adam Twidell, chief executive officer of jet charter provider PrivateFly. “We’ve had a ...

Bloomberg JC Penney Co showed some signs of progress in its recovery effort over the holiday season, though a sixth straight quarter of declining sales show it still has a way to go. The company’s same-store sales results that weren’t as bad as analysts had expected, fell 7% in the fourth quarter. That’s compared with a drop of 7.5%, the ...