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9/15, 7:56 PM (Source: TeleTrader)
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Amazon growing air fleet at fastest pace to date - report

Amazon.com Inc. is continuing to expand its air fleet at a rapid rate despite the ongoing coronavirus crisis, a report made by DePaul University issued Thursday stated.

The e-commerce giant recently added nine new planes, "the most it has added over a three-month span since its inception," the study noted. Amazon's fleet now numbers approximately 70 planes, up almost 50% since February last year. The enlargement is crucial to the company's goal to provide one and two-day deliveries.

"Amazon Air expanded rapidly during summer 2020, a period otherwise marked by sharp year-over-year declines in air-cargo traffic," the report says.

Breaking the News / MD