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Amazon makes first jet purchase to expand cargo network

Bloomberg Amazon.com Inc is buying 11 used Boeing 767-300 planes, the first time the online retail giant has purchased, rather than leased, aircraft for its fast-growing air cargo operation. The company said it was buying seven aircraft from Delta Air Lines Inc and four from WestJet Airlines Ltd. The WestJet aircraft are currently being converted from passenger to cargo use ...

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Prada recovers from worst of Covid-induced slump

Bloomberg Prada SpA returned to profit in the second half of 2020 amid a recovery in Asia, joining other luxury brands in bouncing back from the worst of a pandemic-induced slump. Earnings before interest and taxes will turn positive in the last six months of last year after a deficit in the first half, the Italian fashion company said. Prada ...

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Next puts brave face on UK lockdown

Bloomberg Next Plc is learning to live with lockdowns. Chief Executive Officer Simon Wolfson said the worsening pandemic and the UK’s new Covid-related restrictions won’t ruin the whole year as the clothing chain is better prepared now than during previous closures. “This is traditionally the quietest time of year, so I don’t expect the impact to be as big as ...

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