Business in 60 Seconds

Business in 60 Seconds


October 30, 2020 Biz in 60

October 30, 2020

US tech titans report upbeat quarterly results
US tech giants Amazon, Apple, Alphabet and Facebook have all reported forecast-beating quarterly results. That's as the coronavirus pandemic boosted demand for their services and gadgets. Their combined after-tax profits in the three months to September jumped 31-percent from a year ago to 39-billion- dollars, while sales rose 18-percent to 227-billion- dollars.

Air France-KLM posts $1.9B loss, warns of gloomier outlook
Air France-KLM has reported heavy losses in the third quarter as the pandemic continued to hit air travel demand. Net loss came in at 1-point-9 billion- dollars, compared with a profit of 425-million- dollars a year ago. The carrier has also warned of bigger losses ahead, as European countries impose new restrictions to combat a resurgence of COVID-19 infections.

Berlin's new international airport finally opens
Berlin's long-delayed Brandenburg Airport finally opens its doors to passengers on Saturday. The opening was postponed several times since the original planned 2011 launch and costs nearly tripled to over 7-billion- dollars. The existing facilities at Berlin's Schonefeld Airport will continue to operate, while Tegel is scheduled to close to air traffic next week.


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