Zoom Communications is a famous video conferencing platform. At present, it is earning billions as individuals are transitioning to telecommuting in the midst of the coronavirus pandemic.
At the present time, the market estimation of Zoom remained at USD 48.8 billion as of May 15. Notably, it was just USD 623 million, reports Visual Capitalist.
Zoom vs All The Major Airlines
According to the industry experts, most of the business clients used the application due to its easy to use interface. In addition, user experience, and the capacity to have up to 100 members one after another.
Likewise, Zoom also exploded among instructors for use in web-based learning. Not to mention, after CEO Eric Yuan found a way to guarantee to make the application free of charge by K-12 schools.
Participants in the Zoom Meeting have skyrocketed in recent months, from 10 million in December 2019 to a staggering 300 million as of April 2020.
In contrast, the airline industry has encountered an extraordinary decrease popular as global limitations have closed down air terminals.
The world’s top income-based carriers in particular Southwest Airlines, Delta, United, International Airlines Group. Besides, Lufthansa, American, and Air France had a market capitalization of USD 121.301 billion before the finish of January. In any case, as of May 15–, the general worth has dropped by 62 percent and now remains at USD 46.214 billion.
At this moment, nations are battling to control Covid-19 spread. In effect, a few airlines have been diminishing travel limits, laying off staff. Unlike Zoom, they are cutting the executive pays to attempt to protect their business from drowning.
In fact, nobody can assure regular air travel will continue. At this instant, The state of the airlines is so poor that even Warren Buffet has pulled out from aircraft stocks!
In the final analysis, the same number of parts of the world start taking measures to restart financial actions. However, airlines could see cautious coming back to the skies. Be that as it may, things are far away from being ordinary at any point in the near future.
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