Advertisement
Canada markets close in 3 hours 16 minutes
  • S&P/TSX

    21,811.56
    -200.16 (-0.91%)
     
  • S&P 500

    5,048.35
    -22.20 (-0.44%)
     
  • DOW

    38,330.26
    -173.43 (-0.45%)
     
  • CAD/USD

    0.7288
    -0.0032 (-0.44%)
     
  • CRUDE OIL

    82.68
    -0.68 (-0.82%)
     
  • Bitcoin CAD

    88,750.67
    -2,724.01 (-2.98%)
     
  • CMC Crypto 200

    1,395.74
    -28.36 (-1.99%)
     
  • GOLD FUTURES

    2,336.70
    -5.40 (-0.23%)
     
  • RUSSELL 2000

    1,985.97
    -16.68 (-0.83%)
     
  • 10-Yr Bond

    4.6480
    +0.0500 (+1.09%)
     
  • NASDAQ

    15,642.64
    -54.00 (-0.34%)
     
  • VOLATILITY

    16.20
    +0.51 (+3.25%)
     
  • FTSE

    8,040.38
    -4.43 (-0.06%)
     
  • NIKKEI 225

    38,460.08
    +907.92 (+2.42%)
     
  • CAD/EUR

    0.6817
    -0.0019 (-0.28%)
     

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)
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

ADVERTISEMENT

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.