UPS Stock Plunges After Investigation Reveals Fatigue Cracks in Fatal Crash
Shares of United Parcel Service (UPS) tumbled following revelations that fatigue cracks were found in the cargo plane involved in a November 4 crash NEAR Louisville, Kentucky. The incident resulted in 14 fatalities—three crew members and 11 on the ground—with 23 others injured. The National Transportation Safety Board (NTSB) identified structural flaws in the left engine pylon, a critical component linking the engine to the wing.
The NTSB’s preliminary report highlights cracks in the pylon’s aft mount lug, prompting involvement from the FAA, Boeing, General Electric, and labor unions in the ongoing investigation. Market sentiment soured as safety concerns overshadowed UPS’s operational reliability.