from24/7 Wall St.
2 days agoFedEx and UPS Face Plane Groundings at the Worst Possible Time
Lee opened the conversation by pointing to the timing of the cargo-plane crisis. Just as peak shipping season begins, both FedEx and UPS have had to pull aging aircraft from service following a tragic explosion. I told him this type of shock is exactly what investors overlook until it hits the tape. These older planes are workhorses of global distribution networks. When they suddenly disappear from circulation, the financial damage can be immediate.
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