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Stock impact report

Air cargo impact from post-crash MD-11 grounding seen as ‘minimal,' analysts say [CNBC]

United Parcel Service, Inc. (UPS) 
Last united parcel service, inc. earnings: 4/28 07:00 am Check Earnings Report
US:NYSE Investor Relations: investors.ups.com
Company Research Source: CNBC
The FAA ordered a grounding of the MD-11 fleet after the deadly UPS cargo plane crash in Kentucky earlier this month, which killed 13 people. UPS said it has secured additional aircraft for its fleet, similar to the leased planes that it procures for the peak season, and has consolidated flight routes to maximize air capacity. In this article A UPS logo on the tail of a cargo jet parked at the UPS Worldport facility in Louisville, Kentucky, U.S. Luke Sharrett | Bloomberg | Getty Images The grounding of MD-11 aircraft after the deadly crash of a UPS plane earlier this month could boost air cargo rates during the peak holiday shipping season, with some capacity out of the market, but analysts aren't expecting a big impact. The Federal Aviation Administration on Nov. 8 prohibited flights of MD-11 planes, less than a week after a Honolulu-bound UPS aircraft crashed moments after takeoff from Louisville Muhammad Ali International Airport in Kentucky, killing the three crew mem Show less Read more
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