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Amazon keeps on growing

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Miguel A. Rodriguez
Miguel A. Rodriguez
14 September 2020
Amazon leases 12 planes to keep providing fast and free delivery to its customers.

After the pandemic took the world by surprise, and shops, businesses, and many other facilities had to close, people moved to online shopping. One of the biggest retailers in the world, Amazon, thrived during these challenging times.

Yesterday, the company announced that it had leased another 12 planes from Air Transport Services Group to expand its fleet. At the moment, Amazon has more than 80 aircraft at its disposal. One out of the 12 Boeing 767-300 is already part of the fleet, while the rest will be delivered next year. 

In order to support its fleet, Amazon is opening regional air hubs, the latest being ready to open this summer in Florida. 

But Amazon is not the only international retailer that has air carriers. FedEx, United Parcel Service, and DHL are using their planes to deliver all over the world. Out of the three, FedEx has the largest fleet with more than 650 planes.

Amazon stock price gained 0.2% during the regular trading hours, but it remained flat in the after-hours session.

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Sources: cnbc.com, marketwatch.com


This information/research prepared by Miguel A. Rodriguez does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. The research analyst primarily responsible for the content of this research report, in part or in whole, certifies that the views about the companies and their securities expressed in this report accurately reflect his/her personal views and consequently any person acting on it does so entirely at their own risk.The research provided does not constitute the views of KW Investments Ltd nor is it an invitation to invest with KW Investments Ltd. The research analyst also certifies that no part of his/her compensation was, is, or will be, directly, or indirectly, related to specific recommendations or views expressed in this report.The research analyst in not employed by KW Investments Ltd. You are encouraged to seek advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit that conforms to your specific investment objectives, financial situation, or particular financial needs before making a commitment to invest. The laws of the Republic of Seychelles shall govern any claim relating to or arising from the contents of the information/ research provided. 

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Miguel A. Rodriguez
Miguel A. Rodriguez
Financial Writer

Miguel worked for major financial institutions such as Banco Santander, and Banco Central-Hispano. He is a published author of currency trading books.