Corona saves Amazon travel expenses by about one billion US dollars
Corona saves Amazon travel expenses by about one billion US dollars

Amazon has saved nearly $ 1 billion in employee travel expenses this year as the novel coronavirus pandemic, COVID-19 (COVID-19), has prevented employees from traveling by air.

"There are concessions at the moment. Travel has stopped," said Brian Olsavsky (Brian Olsavsky), Amazon's chief financial officer, of the company's third-quarter results on Thursday.

Olsavsky added: It is likely that domestic travel expenses will start again "later", but may not return to previous levels. He also said: The company saved money by cutting marketing costs.

When the pandemic began, it required more than a million Amazon employees to avoid unnecessary travel and to ensure their health and safety. As the number of coronavirus cases in the United States continues to rise, many countries have banned or restricted entry to US citizens.

Amazon said that while the company saved money on travel and marketing, spending continued to grow this quarter. Coronavirus-related costs are expected to decrease from $ 2.5 billion in the previous quarter to $ 4 billion in the last three months of 2020.

The company said operating profits for the fourth quarter will range between $ 1 billion and $ 4.5 billion, and costs associated with (Covid-19) will be around $ 4 billion, more than $ 2.5 billion. In the fourth quarter.

Most of these costs arise from the “continuous negative winds of productivity” in the Amazon camps, including: implementing social distancing rules, extending workers' rest periods, and “other measures to ensure employee safety and independence.” The cost also includes investment in cleaning improvements and testing jobs.

Amazon said fourth-quarter revenue would range from $ 112 billion to $ 121 billion, up from 28% to 38% year-on-year. Analysts forecast sales of $ 112.3 billion.

The company expects operating profit to range between $ 1 billion and $ 4.5 billion when the costs of the novel coronavirus (COVID-19) and COVID-19 are around $ 4 billion. This number is higher than last quarter when Amazon announced it was spending more than $ 2 billion on coronavirus measures.

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