The coronavirus has devastated the airline industry. U.S. air travel has dropped 95% compared to last year and the number of flights scheduled globally is down by 63%. According to Cirium, more than 16,000 of the world's commercial aircraft are grounded. These planes can't just sit idle, they need routine maintenance and a place to be stored. And when you suddenly have thousands of planes with nowhere to go it becomes a logistical nightmare.
Smartphone makers shipped 275.8 million devices in that time frame, an 11.7% drop from a year earlier and the largest annual decline ever, according to research firm International Data Corporation.
Apple executives gave quite a bit of color on a call with analysts about what they've seen in the macro environment in the time of Covid-19 and how Apple has fared so far
Apple did not issue guidance for the quarter ending in June, as it usually does. The company withdrew guidance for its second-quarter in February as the Covid-19 coronavirus spread in China.
Some Amazon cloud customers, like Slack and Zoom, saw record usage in the first quarter as governments directed people to stay home, with coronavirus cases proliferating.
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