According to Bloomberg, many airlines have been driven into a technical bankruptcy or they have substantially breached debt covenants already.
Explain why the debt covenants are characteristic of the airline industry.
2. The article talks about steps that have been already taken by some airlines as they are depleted of cash. What are some of these?
3. According to the International Air Transport Association, how much in revenues are airlines facing to lose this year?
Kotoky, A. (2020). Coronavirus Could Bankrupt Most Airlines by End of May, Consultant Warns. Bloomberg, March 16 (Retrievable online at
Amazon has seen a dramatic uptick in sales as people are hunkered down due to the coronavirus.
As a result of this dramatic surge in sales, what does Amazon plan to do? What did Amazon warn customers on March 2? Besides Bloomberg, what other publication reported news of the projected hiring?
Soper, S. (2020). Amazon to Hire 100,000 to Help Meet Virus-Related Order Spike. Bloomberg, March 16 (Retrievable online at
According to the Washington Post, Italy is expanding its travel restrictions to the entire country, due to the spread of the coronavirus.
Approximately, how many people are affected by this restriction? According to the article, what other global events are taking place with respect to limiting exposure to the coronavirus? Besides the coronavirus spread, what other event was responsible for the dramatic drop in the stock market on Monday, Mar. 9? How do you see all of the events and changes impacting accountants across the globe?
Noack, R. et al. (2020). Italy expands travel restrictions to entire country, locking down 60 million people in its fight against coronavirus. The Washington Post, March 9 (Retrievable online at
Billionaires from Bill Gates to Jack Ma are donating billions toward coronavirus assistance, but as Business Insider indicates, the money may not be going to where it is most needed.
Where did Alibaba founder Jack Ma pledge his 100 million yuan ($14.5 million)? Where did Bill and Melinda Gates pledge their $100 million? Why does Rogers feel that these funds may be doing little to help those already suffering from the growing global health crisis?
Rogers, T. (2020). Billionaires from Bill Gates to Jack Ma are donating millions to help alleviate the coronavirus crisis — but it may not go where it’s needed most. Business Insiders.com, March 9 (Retrievable online at
According to Fortune, the brightspot with the coronavirus are the low interest rates in the mortgage and refinancing markets.
According to the article, where are 30-year mortgage rates? What are investors doing with their money? What do the 10-year treasury bonds now yield?
Shen, L. (2020). Complete mayhem’: Mortgage refi applications soar 224% as rates hit an all-time low. Fortune, March 9 (Retrievable online at
According to BusinessInsider.com, Robinhood, a millennial favorite stock app, was offline for iPhone and Android users during the entire day, when the Dow made its biggest point gain ever.
What do millennials see as the benefit of Robinhood? By how many points did the Dow Jones industrial average rise on Monday after the horrible 3,500 point losses from the previous week? In what way did Robinhood run afoul of federal authorities in the past?
Holmes, A. (2020). Millennials’ favorite stock app Robinhood was offline for an entire day of trading, locking out users as the Dow Jones made its biggest point gain ever. BusinessInsider.com, March 2 (Retrievable online at
According to BusinessInsider.com, Kroger said it was limiting orders of some items to “due to high demand and to support all customers.”
Kroger’s is the largest supermarket chain in the U.S. How many stores does it have? Which type of orders does the limit of five apply to? Do you think this is a good policy? Discuss.
Peterson, H. (2020). The nation’s largest supermarket is enforcing a 5-item limit on orders of sanitization, cold, and flu products amid coronavirus fears. BusinessInsider.com, March 2 (Retrievable online at
According to BusinessInsider.com, Amazon is halting all warehouse tours in North America as concerns over the coronavirus outbreak grow in the US.
What did Amazon do last month due to supply chain worries? Why did Amazon ban more than a million products on its website from third party sellers? What travel directive did Amazon issue to its employees and why?
Kim, E. (2020). Amazon has suspended all North American warehouse tours over coronavirus fears. BusinessInsider, March 2 (Retrievable online at
Back in 2016, the New York
Times called Blue Apron, the meal-delivery service, “the Starbucks of the meal-kit business.”
What are some of the reasons why Blue Apron did not disrupt grocery shopping for overworked millennials? At one point, how many meals was Blue Apron selling per month? In 2017, what did Bloomberg call Blue Apron’s IPO and why?
Crowley, C. (2020) What, Exactly, Is Going on With Blue Apron? The New York Magazine, Feb. 21 (Retrievable online at
According to the New York Times, Amazon has recently responded to the coronovirus crisis by making larger and more frequent orders of Chinese-made products that had already been shipped to the United States, according to company emails and consultants who work with major brands.
What midsummer event is Amazon already worried about? What are some of the hidden supply chain problems? How have Amazon’s algorithms for supplies changed in recent weeks? What does Walmart say about the potential effect of the coronovirus on its supplies?
Weise, K. and M. Corkery (2020). Clicking Buy on Amazon? It’s Trying to Prevent a Coronavirus Caveat. The New York Times, Feb. 20 (Retrievable online at