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Amazon’s $267b summer wipeout tests Wall Street

Bloomberg It’s rare to see just about everyone on Wall Street agree on something, but that’s the case when it comes to Amazon.com. Every single analyst who rates the stock — all 55 of them — recommends clients buy it, according to Bloomberg data. Active fund managers “are even more overweight” the name now than they were a year ago, ...

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Avelo targets East Coast with New Haven-Florida flights

Bloomberg Avelo Airlines is expanding to the East Coast with service connecting four Florida cities with New Haven, Connecticut, in a bid to entice customers tired of trekking to airports in New York and Boston. Flights to Orlando begin on November 3, followed within days by service to Fort Lauderdale, Tampa and Fort Myers, Avelo said. The startup plans to ...

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Global airlines owed billions as governments withhold cash

Bloomberg Airlines are owed almost $1 billion across 20 countries as governments seek to hang on to hard currency, depriving the industry of vital cash at a time when travel has been devastated by the coronavirus crisis. Figures published by the International Air Transport Association (IATA) show that Venezuela is withholding a further $4 billion that’s been outstanding for years ...

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