Amazon Air’s expansion does not pose a near-term threat to express giants FedEx and UPS in part because the e-commerce company’s focus is on supporting its internal network, rather than delivering packages to customers, a detailed Bernstein analysis concludes. “There is limited overlap in airborne capacity over the course of a day,” Bernstein analyst David Vernon wrote in a research note based on a flight-by-flight analysis of Amazon Air’s and FedEx’s ...

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