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Dec. 17, 2019, 6:30 p.m. EST

Amazon hires Sun Country to add to cargo unit, report says

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By Max A. Cherney

In a move to boost its next-day shipping business, Amazon.com Inc. /zigman2/quotes/210331248/composite AMZN +2.49% has hired budget-carrier Sun Country Airlines to fly 10 cargo jets, The Wall Street Journal reported late Tuesday . The Minneapolis-based company will add to the e-commerce giant's already existing U.S. cargo partners such as Air Transport Services Group Inc. /zigman2/quotes/202631986/composite ATSG -1.48% and Atlas Air Worldwide Holdings Inc. /zigman2/quotes/200338181/composite AAWW -0.50% . As part of the deal, Amazon will receive warrants to acquire a minority stake in the airline, the Journal reported. Apollo Global Management Inc. acquired Sun Country two years ago. Amazon stock fell less than 0.1% in the after-hours session and closed up 1.2% Tuesday during regular trading. The S&P 500 index /zigman2/quotes/210599714/realtime SPX +1.60% closed up less than 0.1%.

/zigman2/quotes/210331248/composite
US : U.S.: Nasdaq
$ 3,095.13
+75.34 +2.49%
Volume: 4.62M
Sept. 25, 2020 4:00p
P/E Ratio
118.97
Dividend Yield
N/A
Market Cap
$1550.32 billion
Rev. per Employee
$359,671
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/zigman2/quotes/202631986/composite
US : U.S.: Nasdaq
$ 24.71
-0.37 -1.48%
Volume: 314,896
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.47 billion
Rev. per Employee
$232,988
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/zigman2/quotes/200338181/composite
US : U.S.: Nasdaq
$ 60.24
-0.30 -0.50%
Volume: 343,404
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$1.57 billion
Rev. per Employee
$817,626
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 2.18B
Sept. 25, 2020 5:06p
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