Over the past four months, personal travel has helped the private aviation industry move from a nearly 80% drop in April to within 20% of pre-COVID-19 flight levels.
Those discretionary flights have been a combination of existing customers, first-timers, and returning users. For the latter, think retired CEOs and business owners who are in the high-risk age demographic, but previously didn’t see the value of extra cost versus time savings and convenience.
Of course, those who benefit most from private flights are business travelers who absolutely, positively have to be there, something that’s harder than ever to accomplish flying the airlines.
And then of course there is the risk, both to employees and customers, partners, or whomever else you are flying to visit. As you have probably heard by now, door-to-door, private flights have less than 20 touch points. That compares to over 700 possible opportunities to come in contact
With the unprecedented number of people working from home, 2020 has turned out to be a watershed year for companies to manage employee productivity. While we marvel at the maturity of cloud services and digital technologies that have enabled this massive migration of work from office to home, many business processes and policies remain old world, paper based and manual, especially administrative and finance ones. Such administrative and finance processes, mainly expense claims and invoice processing, are mandatory but take up plenty of the employee’s time which can otherwise be used to deliver more meaningful work. This inflicts significant costs on businesses and the economy and causes frustration for the employees at the same
Microsoft’s recent earnings report revealed a company that’s not feeling the impact of the pandemic directly on its balance sheet. The company — which has been growing rapidly in recent years on the back of its huge cloud computing segment — posted a 13% increase in revenue compared to the same period in 2019, beating analyst expectations for sales and profits. Revenue growth for their cloud segment Azure was an eye-popping 47%, which was actually a slowdown from the 59% posted the quarter before.
Microsoft’s big report showcased how the coronavirus pandemic isn’t the same for every business. Plenty of companies have seen a huge boost in sales and profits as many Americans change their consumer behaviors to protect themselves from COVID-19, and they’re reaping the benefits even as many other businesses have been forced to close or make costly adjustments to their business model to stay open.
As India’s Coronavirus Cases Pass 1M, Here’s How Top Companies Zee Entertainment & Yoodlee Films Are Keeping Business Going
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The number of confirmed coronavirus cases in India crossed one million today, meaning the country now has the third highest infection rate in the world behind only Brazil and the U.S.. That compounded news earlier this week that Bollywood megastar Amitabh Bachchan, and his family, had tested positive for the virus and were being admitted to hospital for treatment.
The headlines paint a depressing picture but the country’s film and TV executives remain optimistic that its gargantuan screen industry will evolve, adapt and overcome the challenges in front of it. Deadline has tracked the situation in the country over the past weeks through interviews with high-profile film professionals including Boney Kapoor, Vikram Malhotra, Abhishek Bachchan and Siddharth Roy Kapur, all of whom have been soldiering on despite the near-complete production shutdown and ongoing cinema closures.
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Data-driven decisions are creating digitized solutions in all kinds of workplaces, and fintech companies are no strangers to this phenomenon.
Competitors in the sector are revolutionizing financial services so rapidly that they are creating a cutthroat environment where fitting in is no longer an option — to stick around, newcomers need to stand out.
The annual Benzinga Global Fintech Awards recognize some of the industry’s top disruptors, and to prepare you for all the cash-storing, platform-based goodness, here are some of the trending players from the Big Apple.
Yieldstreet: Yieldstreet is providing customers with access to investment options that did not exist for the masses a decade ago. This forward-looking company harnesses the power of React to let investors build intuitive, fixed-income portfolios of previously hard-to-get assets for durations between six months to five years. Such an alternative asset class investment strategy allows users to enjoy passive income and