Amazon has a rare opportunity to snatch up cheap planes and take on FedEx

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Now could be the best time for Amazon (AMZN) to dramatically increase the size of its air fleet. That’s according to Bank of America analyst Justin Post, who sees the depressed price of aircraft, coupled with the massive increase in demand for delivery services spurred by the coronavirus pandemic, as a golden opportunity for the ecommerce giant to pump cash into its Amazon Air division.

And while that would help Amazon increase its one-day shipping capabilities, it could also give it the firepower it needs to solidify its nascent third-party delivery business as a true competitor to the likes of FedEx (FDX) and UPS (UPS).


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