Bloomberg Spirit Airlines Inc is temporarily suspending service at five airports in the US Northeast because of heightened government travel advisories aimed at curbing the spread of coronavirus. The pause begin this week at New York’s LaGuardia and New Jersey’s Newark Liberty International, Spirit said in an email. The discounter is also halting service to Hartford, Connecticut, and two destinations …

Bloomberg Oil slumped to a 17-year low as coronavirus lockdowns cascaded through the world’s largest economies, leaving the market overwhelmed by cratering demand and a ballooning surplus of crude. Futures in London fell as much as 7.6% to lowest since November 2002, while New York crude briefly dipped below $20 a barrel. Physical oil markets are struggling to store fuel, …

Bloomberg Saudi Arabia’s central bank is ordering lenders to provide concessional loans to businesses grappling with the fallout of the coronavirus so companies won’t have to cut jobs. The Saudi Arabian Monetary Authority (Sama) wants banks to immediately put in place a lending program for at least six months to “assist in maintaining employment levels,” according to a document sent …