Amazon Air axes smaller-volume routes while boosting US hub flows
Like the integrated express carriers, Amazon is transforming its air network, reducing flights but boosting ...
SEEKING ALPHA reports:
Amazon (NASDAQ:AMZN) is cooling off just a bit after running to a new high today. The e-commerce giant’s estimate of ~$4.0B of COVID-19 costs in Q2 appears to be drawing notice.
Total revenue in North America in Q1 was $46.1B vs. $44.3B consensus, while international revenue was $19.1B vs. $19.1B. AWS revenue came in at $10.2B vs. $10.3B consensus.
Operating income of was reported at $3.99B (-9% Y/Y) vs. the company’s guidance range of $3.0B to $4.2B and $4.07B consensus. Operating margin was 5.3% of sales vs. 5.5% consensus.
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– You may also want to read this: ‘If you’re a shareowner in Amazon, you may want to take a seat’ — Amazon reports earnings, plans to spend all Q2 profits on coronavirus response
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