Amazon has a rare opportunity to snatch up cheap planes and take on FedEx: Tech
Wednesday, May 27, 2020
Get Yahoo Finance Tech, a weekly newsletter featuring our original content on the industry, sent directly to your inbox every Wednesday by 4 p.m. ET. Subscribe
Un trabajador pasa junto a un Boeing 767 con las letras “Prime Air” en el fuselaje, el jueves 4 de agosto de 2016, en un hangar de Boeing en Seattle. (AP Foto/Ted S. Warren)
Amazon has a rare opportunity to snatch up cheap planes and take on FedEx: Now could be the best time for Amazon (AMZN) to dramatically increase the size of its air fleet. That’s according to Bank of America analyst Justin Post, who sees the depressed price of aircraft, coupled with the massive increase in demand for delivery services spurred by the coronavirus pandemic, as a golden opportunity for the e-commerce giant to pump cash into its Amazon Air division. READ MORE
—
Amazon could be a huge threat to the gaming industry
—
Why this analyst sees Netflix stock crashing more than 60%
—
Spotify, Amazon, Apple, and Barstool Sports are all betting big on podcasts
—
Why launching astronauts to space via SpaceX’s crew capsule is a big deal
—
Reddit cofounder Alexis Ohanian: We are entering a ‘crypto spring’
—
New AI-powered fashion app promises to learn your shopping habits
—
Read the latest financial and business news from Yahoo Finance
Follow Yahoo Finance on Twitter, Facebook, Instagram, Flipboard, LinkedIn,YouTube, and reddit.