Page 26 - Aruba Today 25 April 2015
P. 26
BUSINESS A25
Saturday 25 April 2015
American Airlines beats Street first quarter forecasts
DAVID KOENIG American Airlines Group ters, when their results will to try to manage the busi- dollar, which reduced in-
AP Airlines Writer Inc. said Friday that net be compared with the fall- ness... and try to increase ternational ticket sales; and
FORT WORTH, Texas (AP) income was $932 million, ing fuel prices of late 2014? revenues.” Revenue fell weakness in Latin America.
— The fuel bill at American nearly double last year’s American’s president, Scott nearly 2 percent in the first But expenses fell 7 percent
Airlines fell by nearly half in $480 million, the previous Kirby, said the airline must quarter to $9.83 billion. The thanks to the nosedive in
the first quarter, helping the record for the quarter. increase revenue for every per-mile statistic cited by oil prices that began last
company set a record prof- The record profit, however, seat it flies one mile, a fig- Kirby fell at a similar rate, summer. Spending on fuel
it despite a dip in revenue. was less than the compa- ure known in the industry by and American predicted at American, US Airways
The combination of cheap- ny’s $1.36 billion savings on the acronym RASM. it will decline even more and their regional airlines
er fuel and steady demand fuel, compared with a year “We will have to get to a sharply in the second quar- including American Eagle
for flights within the U.S. is earlier. And that captures world where RASM is grow- ter, by between 4 percent dropped 42 percent to
boosting all the major do- the challenge that Ameri- ing, and I hope that will be and 6 percent. The com- $1.86 billion. In a break from
mestic airlines, with Ameri- can and other airlines will the case,” Kirby said on a pany blamed new flights recent quarters, the Fort
can joining Delta, United face later this year: How will conference call with ana- added by competitors, Worth-based company
and Southwest in posting they keep boosting profits lysts and reporters. “There which tends to lead to cut- spent more on labor than
sharply higher earnings. in the third and fourth quar- are all kinds of things we do ting fares; the strong U.S. fuel.q
Amazon’s Web Services boosts first-quarter revenue
MAE ANDERSON at expense of a profit in ness rose 49 percent to cloud-computing space, top is they’ve had a relent-
AP Technology Writer that business, reassuring in- $1.57 billion. Meanwhile, to- 5 or 6 times bigger than its less approach to innova-
NEW YORK (AP) — Ama- vestors. tal revenue rose to revenue closest competitor, Micro- tion, adding 40 to 50 new
zon’s profitable cloud- Meanwhile, Amazon shows of $22.72 billion, slightly be- soft’s Azure, and Google a services a year while still
computing services busi- no sign of slowing down dropping prices constant-
ness is growing by leaps new offerings. In recent An Amazon logo is seen at the introduction of the new Ama- ly,” said Forrester analyst
and bounds. months, Amazon intro- zon Kindle Fire HD and Kindle Paperwhite personal devices, David Bartoletti. The com-
That growth helped the duced Amazon Echo, a in Santa Monica, Calif. Amazon reported earnings late in the pany has dropped prices
e-commerce company Bluetooth speaker that evening,Thursday April 23, 2015. 48 times in the nine years it
Thursday night post a 15 responds to voice com- has been around.
percent first-quarter rev- mands and Amazon Dash, (AP Photo/Reed Saxon) One of its most recent of-
enue jump and a smaller- stand-alone buttons that ferings announced in Janu-
than-expected loss. The re- can be pressed to reorder low analyst expectations of distant third, according to ary is WorkMail, which helps
sults sent Amazon’s shares common household goods $22.37 billion. analysts. run companies email and
up 6 percent in aftermarket like Tide detergent. “Amazon Web Services is a Gartner estimates that the calendar services. Amazon
trading. It has also rolled out ser- $5 billion business and still total public cloud services also makes the different
Investors have been grow- vices that help users book growing fast — in fact it’s market totaled $152.45 bil- components of Amazon
ing restless with Amazon’s travel and hire people to accelerating,” said CEO lion in 2014 and it expect- Web Services easy to try for
long-term strategy of plow- complete household proj- Jeff Bezos. ed to grow 16 percent to free.
ing most of the money it ects. And it’s expanding its Amazon Web Services is the $176.38 billion in 2015. In the first quarter Amazon
makes into new areas like Amazon Prime Instant Vid- biggest player in the public “What’s kept Amazon on reported a loss of $57 mil-
cloud computing, stream- eo service for members of lion, or 12 cents per share.
ing video and hardware — its $99 annual Prime loyalty The average estimate of 17
leading to razor-thin profits program, including a TV se- analysts surveyed by Zacks
or, in this quarter’s case, a ries with Woody Allen. Investment Research was
loss. Amazon Web Services is a for a loss of 13 cents per
Because Amazon had suite of products and ser- share.
never broken out details vices offered to business- The online retailer posted
on Amazon Web Services es by way of the “cloud,” revenue of $22.72 billion
before, it wasn’t clear if it remote servers that enable in the period, also beating
was operating at a profit users to access applica- Street forecasts. Seventeen
or loss. But details released tions on any machine with analysts surveyed by Zacks
on Thursday show that surg- an Internet connection expected $22.42 billion.q
ing revenue isn’t coming Revenue in that busi-
Chipotle signs delivery deal with startup Postmates
MIKE ISAAC co-based delivery startup ference call with investors sought to bolster their own should eliminate excessive-
STEPHANIE STROM that is growing quickly. this week, is a coup for delivery offerings. Signing ly high fees for consumers,
© 2015 New York Times Under the arrangement, Postmates. The startup - large partners like Chipo- though outlets like Re/code
In the age of the on-de- Chipotle delivery is now which has a fleet of more tle, as well as recently ink- have questioned whether
mand economy, sooner or available in 67 cities in the than 10,000 couriers to ing a deal with Starbucks, that is really the case.
later everything is just a few United States where Post- deliver food, groceries, will likely raise Postmates’s The deal could also be a
taps of a smartphone app mates operates. The cost of office supplies and other visibility. The deal brings a boon for Chipotle. To date,
away. Including burritos. delivery, which is based on goods for users who have different pricing model for the chain has not provid-
Chipotle Mexican Grill, the distance, will start at $4.99 the Postmates app - has Postmates. Typically, con- ed an official delivery ser-
popular chain known for its and go as high as $7.99 per fought aggressively to ex- sumers pay it a delivery fee vice, even though people
“fast-casual” burritos, said order, according to a Post- pand into new cities since that varies based on the could order Chipotle meals
this week it has begun of- mates spokeswoman. it was founded three years distance traveled by a cou- through delivery apps like
fering food delivery through The deal, which Chipo- ago, while competitors like rier; in the Chipotle deal, Postmates or other startups
Postmates, a San Francis- tle announced in a con- GrubHub and Yelp have the pricing is capped. That like Doordash.q
Saturday 25 April 2015
American Airlines beats Street first quarter forecasts
DAVID KOENIG American Airlines Group ters, when their results will to try to manage the busi- dollar, which reduced in-
AP Airlines Writer Inc. said Friday that net be compared with the fall- ness... and try to increase ternational ticket sales; and
FORT WORTH, Texas (AP) income was $932 million, ing fuel prices of late 2014? revenues.” Revenue fell weakness in Latin America.
— The fuel bill at American nearly double last year’s American’s president, Scott nearly 2 percent in the first But expenses fell 7 percent
Airlines fell by nearly half in $480 million, the previous Kirby, said the airline must quarter to $9.83 billion. The thanks to the nosedive in
the first quarter, helping the record for the quarter. increase revenue for every per-mile statistic cited by oil prices that began last
company set a record prof- The record profit, however, seat it flies one mile, a fig- Kirby fell at a similar rate, summer. Spending on fuel
it despite a dip in revenue. was less than the compa- ure known in the industry by and American predicted at American, US Airways
The combination of cheap- ny’s $1.36 billion savings on the acronym RASM. it will decline even more and their regional airlines
er fuel and steady demand fuel, compared with a year “We will have to get to a sharply in the second quar- including American Eagle
for flights within the U.S. is earlier. And that captures world where RASM is grow- ter, by between 4 percent dropped 42 percent to
boosting all the major do- the challenge that Ameri- ing, and I hope that will be and 6 percent. The com- $1.86 billion. In a break from
mestic airlines, with Ameri- can and other airlines will the case,” Kirby said on a pany blamed new flights recent quarters, the Fort
can joining Delta, United face later this year: How will conference call with ana- added by competitors, Worth-based company
and Southwest in posting they keep boosting profits lysts and reporters. “There which tends to lead to cut- spent more on labor than
sharply higher earnings. in the third and fourth quar- are all kinds of things we do ting fares; the strong U.S. fuel.q
Amazon’s Web Services boosts first-quarter revenue
MAE ANDERSON at expense of a profit in ness rose 49 percent to cloud-computing space, top is they’ve had a relent-
AP Technology Writer that business, reassuring in- $1.57 billion. Meanwhile, to- 5 or 6 times bigger than its less approach to innova-
NEW YORK (AP) — Ama- vestors. tal revenue rose to revenue closest competitor, Micro- tion, adding 40 to 50 new
zon’s profitable cloud- Meanwhile, Amazon shows of $22.72 billion, slightly be- soft’s Azure, and Google a services a year while still
computing services busi- no sign of slowing down dropping prices constant-
ness is growing by leaps new offerings. In recent An Amazon logo is seen at the introduction of the new Ama- ly,” said Forrester analyst
and bounds. months, Amazon intro- zon Kindle Fire HD and Kindle Paperwhite personal devices, David Bartoletti. The com-
That growth helped the duced Amazon Echo, a in Santa Monica, Calif. Amazon reported earnings late in the pany has dropped prices
e-commerce company Bluetooth speaker that evening,Thursday April 23, 2015. 48 times in the nine years it
Thursday night post a 15 responds to voice com- has been around.
percent first-quarter rev- mands and Amazon Dash, (AP Photo/Reed Saxon) One of its most recent of-
enue jump and a smaller- stand-alone buttons that ferings announced in Janu-
than-expected loss. The re- can be pressed to reorder low analyst expectations of distant third, according to ary is WorkMail, which helps
sults sent Amazon’s shares common household goods $22.37 billion. analysts. run companies email and
up 6 percent in aftermarket like Tide detergent. “Amazon Web Services is a Gartner estimates that the calendar services. Amazon
trading. It has also rolled out ser- $5 billion business and still total public cloud services also makes the different
Investors have been grow- vices that help users book growing fast — in fact it’s market totaled $152.45 bil- components of Amazon
ing restless with Amazon’s travel and hire people to accelerating,” said CEO lion in 2014 and it expect- Web Services easy to try for
long-term strategy of plow- complete household proj- Jeff Bezos. ed to grow 16 percent to free.
ing most of the money it ects. And it’s expanding its Amazon Web Services is the $176.38 billion in 2015. In the first quarter Amazon
makes into new areas like Amazon Prime Instant Vid- biggest player in the public “What’s kept Amazon on reported a loss of $57 mil-
cloud computing, stream- eo service for members of lion, or 12 cents per share.
ing video and hardware — its $99 annual Prime loyalty The average estimate of 17
leading to razor-thin profits program, including a TV se- analysts surveyed by Zacks
or, in this quarter’s case, a ries with Woody Allen. Investment Research was
loss. Amazon Web Services is a for a loss of 13 cents per
Because Amazon had suite of products and ser- share.
never broken out details vices offered to business- The online retailer posted
on Amazon Web Services es by way of the “cloud,” revenue of $22.72 billion
before, it wasn’t clear if it remote servers that enable in the period, also beating
was operating at a profit users to access applica- Street forecasts. Seventeen
or loss. But details released tions on any machine with analysts surveyed by Zacks
on Thursday show that surg- an Internet connection expected $22.42 billion.q
ing revenue isn’t coming Revenue in that busi-
Chipotle signs delivery deal with startup Postmates
MIKE ISAAC co-based delivery startup ference call with investors sought to bolster their own should eliminate excessive-
STEPHANIE STROM that is growing quickly. this week, is a coup for delivery offerings. Signing ly high fees for consumers,
© 2015 New York Times Under the arrangement, Postmates. The startup - large partners like Chipo- though outlets like Re/code
In the age of the on-de- Chipotle delivery is now which has a fleet of more tle, as well as recently ink- have questioned whether
mand economy, sooner or available in 67 cities in the than 10,000 couriers to ing a deal with Starbucks, that is really the case.
later everything is just a few United States where Post- deliver food, groceries, will likely raise Postmates’s The deal could also be a
taps of a smartphone app mates operates. The cost of office supplies and other visibility. The deal brings a boon for Chipotle. To date,
away. Including burritos. delivery, which is based on goods for users who have different pricing model for the chain has not provid-
Chipotle Mexican Grill, the distance, will start at $4.99 the Postmates app - has Postmates. Typically, con- ed an official delivery ser-
popular chain known for its and go as high as $7.99 per fought aggressively to ex- sumers pay it a delivery fee vice, even though people
“fast-casual” burritos, said order, according to a Post- pand into new cities since that varies based on the could order Chipotle meals
this week it has begun of- mates spokeswoman. it was founded three years distance traveled by a cou- through delivery apps like
fering food delivery through The deal, which Chipo- ago, while competitors like rier; in the Chipotle deal, Postmates or other startups
Postmates, a San Francis- tle announced in a con- GrubHub and Yelp have the pricing is capped. That like Doordash.q
