United Parcel Service generally fared well in recent years, even though financial performance has been rather volatile. Click here to read why I think UPS''s long-term outlook is still solid.
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Farmland has been in the news a lot lately. Bill Gates, for one, saw food shortages coming years ago . His foresight explains his rampant buying of American farmland. His purchases have been met with plenty of controversy and backlash — as well as scathing reviews from Russell Brand. Gates knows what he’s doing, and his peers mimic his strategy. Gates’ $30 billion investment firm Cascade Investment LLC handles his investments, which include companies like United Parcel Service Inc. , Ecolab Inc. and Crown Castle . One of Gates’ most notable investments is his heavy investment in Berkshire Hathaway , whose CEO is none other than fellow farmland aficionado and billionaire, Warren Buffett. While Buffett owns a family farm in Illinois, Gates’ investments have been next level. Gates owns around 240,000 acres of tillable farmland in the U.S. Smart. Full story available on Benzinga.com
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United Parcel Service Inc. (NYSE:UPS) price closed higher on Tuesday, September 27, jumping 1.87% above its previous close. A look at the daily price movement shows that the last close reads $161.75, with intraday deals fluctuated between $162.50 and $166.085. The company’s 5Y monthly beta was ticking 1.10 while its P/E ratio in the trailing … Analysts Believe United Parcel Service Inc. (NYSE: UPS)’S Shares May Fall -52.33% Read More »
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Morgan Stanley significantly reeled in financial expectations on FedEx Corporation (FDX) to reflect what it calls the post-pandemic mean reversion/macro. Read more.
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The company trying to buy Trump''s Truth Social has changed its HQ address to a UPS mailbox. Digital World Acquisition previously had its HQ address listed as a WeWork building in Miami. The blank-check company''s proposed deal with Truth Social has been plagued by setbacks. The company that''s trying to buy President Trump''s Truth Social social-media app has switched its headquarters address from a WeWork building to a mailbox at a UPS Store. Digital World Acquisition, a so-called "blank-check" company that''s struggling to seal a deal for Truth Social, has now listed its HQ address as 3109 Grand Avenue, Miami — the same address as a UPS Store that''s sat between a nail salon and an Italian seafood restaurant in the city''s Coconut Grove neighborhood, Google Maps shows. The Financial Times , which first reported on the change of HQ address, said a staff member at the UPS Store confirmed that unit 450, which is specified in Digital World''s new HQ address, was one of its mailboxes. Trump announced early in 2021 that he was creating his own social-media app after Twitter , Facebook , and YouTube barred him in the wake of the Capitol siege on January 6, 2021.
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Digital World Acquisition Corp., the SPAC looking to take Trump Media and Technology Group public, has changed its address to a UPS store in Miami.
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UPS is a reliable dividend stock even if the economy is slowing.
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A whale with a lot of money to spend has taken a noticeably bearish stance on United Parcel Service . Looking at options history for United Parcel Service (NYSE: UPS ) we detected 27 strange trades. If we consider the specifics of each trade, it is accurate to state that 48% of the investors opened trades with bullish expectations and 51% with bearish. From the overall spotted trades, 16 are puts, for a total amount of $798,717 and 11, calls, for a total amount of $475,029. What''s The Price Target? Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $130.0 to … Full story available on Benzinga.com
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FedEx Corporation (NYSE: FDX ) released its fiscal first-quarter financial results on Thursday afternoon after pre-releasing the numbers on Sept. 15. Management commentary spooked investors that a global recession may be imminent. FedEx''s profits fell well short of Wall Street''s expectations, but FedEx said Thursday that it will be raising rates on Express, Ground and Home Delivery services by 6.9% to offset slumping profits. On FedEx''s earnings call Thursday, the company said its shipping volumes dropped in the fourth quarter, a phenomenon that accelerated in the final weeks of the quarter. Related Link: How To Trade FedEx Stock After Q1 Earnings Pop Losing Share: Shareholders of FedEx competitors DHL and United Parcel Service Inc. (NYSE: UPS ) are paying particularly close attention to FedEx''s numbers. Fortunately, FedEx noted that service … Full story available on Benzinga.com
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United Parcel Service (UPS) and FedEx (FDX) have catastrophically tumbled. See why I believe that time of maximum pain is probably not even here yet.
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Now, what are you going to do about that?
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FedEx (NYSE: FDX) and United Parcel Service (NYSE: UPS) are the two leaders in package delivery, transportation, logistics, and related services across the globe. The two companies essentially operate a duopoly in the space and offer solid investment cases for dividend investors due to their recent decline in share price. While most people are familiar with their iconic vans, the two companies also operate some of the biggest airlines in the world, as well as the biggest fleets of alternative-fuel vehicles globally. Up until recently, FedEx and UPS were enjoying fantastic market tailwinds due to supply-chain bottlenecks establishing that their transportation services were more important than ever.
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The latest independent research document on Global Third Party Logistics (3PL) Market (2022-2029). It describes how companies deploying these technologies across various industry verticals aim to explore its potential to become a major business disrupter. The Third Party Logistics (3PL)
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Demand for container shipping is a sinking ship. Major ocean ports across the globe are logjammed, and ships are anchored for weeks, unable to move. The next best thing after ocean shipping? Air freight. With the demand for air freight likely to get a boost from the dwindling demand for ocean container shipping, logistics players with established air freight fleets like United Parcel (NYSE:UPS) and FedEx (NYSE:FDX) are likely to get a lift. When the world was mostly stuck at home through 2020 and 2021, online shopping activity grew manifold. This put pressure on logistics companies which, at that point, mostly preferred ocean shipping rather than air mail.
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Did support on the S&P 500 break? Yes… kind of. The market closed at 3,899 Monday and seems to be holding. The main question is how the Federal Open Market Committee’s announcement tomorrow will affect the market. We’re pretty sure we know that they’ll raise interest rates 0.75% as expected. In this week’s livestream, we can offer some reassurance as to why we don’t expect the Fed to raise rates any more than that. However, traders are in a little bit of limbo. But again, we are optimistic that the Fed will meet expectations on Wednesday and that stocks have a good chance of rallying into Friday. Until the announcement is out, aimless volatile trading is the most likely outcome. Tech, Tesla, and Social Media This week, we addressed the questions of some worried traders in light of the Fed announcement, plus we discussed some interesting viewer questions about specific stocks. If you have questions of your own, just drop a line in the comments section or email us at feedback@investorplace.com .
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These days, Colombian performer J Balvin--otherwise known as the "Prince of Reggaeton"--is considered advertising gold amongst legacy brands like UPS and McDonald''s. But back in 2014, the singer was still growing his audience with the help of brands like Coors Light and creative marketers like Dallas-based creative director Alonso Arias. To help document J Balvin''s…
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LOS ANGELES : FedEx, United Parcel Service and other delivery firms that struggled with too much pandemic-fueled demand from online retailers like Amazon and Walmart, now have the opposite problem - too much delivery capacity.Online sales started fizzling during last year''s peak delivery season from Thank
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LOS ANGELES — FedEx, United Parcel Service and other delivery firms that struggled with too much pandemic-fueled demand from online retailers like Amazon and Walmart, now have the opposite problem – too much delivery capacity. Online sales started fizzling during last year’s peak delivery season from Thanksgiving weekend through the end of the year. FedEx, […]
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Investors are taking a second look following last week''s sell-off.
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Amazon is set to launch a new version of its multi-channel shipping software Veeqo that it says should save ecommerce firms a lot of money. Veeqo can integrate with users’ sales channels, including Amazon but also third-party channels such as eBay, Etsy, and Shopify, to provide access to discounted rates on services like UPS, US Postal Service, DHL, […] The post Amazon wants to make your company’s shipping a whole lot cheaper appeared first on TECHTELEGRAPH .
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Transportation stocks suffered this week after FedEx Corporation (NYSE: FDX) reported unimpressive preliminary results for the first quarter of 2023. The cargo giant’s shares were down 24% soon after the announcement. The pessimism spurred by the weaker-than-expected results and cautious outlook is reflected in the performance of the company''s arch-rival United Parcel Service, Inc. (NYSE: […]
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Shares of rival UPS and Amazon also fell on Friday.
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Futures Crater As Fedex Ushers In The Global Recession On $3.2 Trillion Triple Witch Day Another day, another selloff, this time one driven by a catastrophic repricing by Fedex, which has plunged by the most ever this morning, down 20% and losing over $11BN in market cap… ... after pulling guidance and effectively warning that the entire world - and especially China - is in a recession. The fact that it is a $3.2 trillion opex today which guarantees even more volatility in the coming weeks... ... or that buyback blackout period begins today probably isn''t helping, and sure enough, we end the week in a mirror image to how we started it, with equities extending declines with an index of global stocks on track for the worst week since June, while the dollar continued its relentless ascent, trading back to all time highs. S&P futures were down 0.8% at 730am, dropping to the lowest level in 2 months, while Nasdaq 100 lost more than 1%, as Europe headed for a fourth day of losses, and Asian was a sea of red led by China.
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United Parcel Service Inc (NYSE: UPS ) shares are trading lower in Thursday''s after-hours session after FedEx Corp (NYSE: FDX ) shares fell 15% on the company''s preliminary results. FedEx said its fiscal first-quarter results were adversely impacted by global volume softness that accelerated in the final weeks of the quarter. The company now expects first-quarter revenue of approximately $23.2 billion and first-quarter adjusted earnings to be around $3.44 per share. "Global volumes declined … Full story available on Benzinga.com
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United Parcel Service (UPS) has recently been on Zacks.com''s list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock''s performance in the near future.
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As the U.S. railroads and labor unions are on the table to resolve their issues and possibly avert a strike, we dig into some companies that provide alternative modes of transportation. In this article, we will look at the three prominent logistics companies in the United States -- United Parcel Service, Inc. (NYSE:UPS), XPO Logistics, Inc. (NYSE:XPO), and GXO Logistics, Inc. (NYSE:GXO). It is worth noting that the White House is closely monitoring the deadlock between railroads and labor unions.
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PALM BEACH, Fla. , Sept. 14, 2022 /PRNewswire/ -- FinancialNewsMedia.com News Commentary - E-bikes are bicycles with a battery-powered assist that comes via pedaling and, in some cases, a throttle. E-bikes are bicycles augmented with an electric motor that makes the ride easier. Owing to the COVID-19 pandemic, micro-mobility turned into an essential transportation service. After an initial slump in e-bike sales during lockdowns, the demand for e-bikes skyrocketed, as various dealers in the United States reported more than a 100% increase in sales year-over-year. Governments are investing in bike sharing programs and bike lanes and more pedestrian-friendly streets as part of major initiatives to increase transportation options, enhance road safety, and improve the environment. All these developments are driving the market''s growth. Fortune Business Insights projected Globally the E-Bike market is projected to reach $92 Billion by 2029 whereas a report from Mordor Intelligence said that the North American e-bike market alone is expected to reach USD $1.62 billion by 2027, registering a CAGR of 12.51% during the forecast period (2022 - 2027).
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UPS is delivering for Boeing, helping boost the aircraft maker''s August sales numbers with an order for cargo planes.
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Consumer Packaged Goods (CPG) Logistics Market 2022-2028 New Jersey, NJ -- ( SBWIRE ) -- 09/13/2022 -- The Latest research study released by HTF MI "Global Consumer Packaged Goods (CPG) Logistics Market" with 100+ pages of analysis on business Strategy taken up by key and emerging industry players and delivers know how of the current market development, landscape, technologies, drivers, opportunities, market viewpoint and status. Understanding the segments helps in identifying the importance of different factors that aid the market growth. Some of the Major Companies covered in this Research are DHL Group, C.H. Robinson, Kuehne + Nagel, Ceva Logistics, APL Logistics, FedEx Corporation, XPO Logistics, Schneider, UPS, Nippon Express, DB Schenker, Hellmann Worlwide Logistics, Gefco S.A., Agility Goods, Bollore Logistics, Rhenus Logistics, FM Logistic, Kenco Logistics, Penske Logistics, UTi Worldwide, Ryder System, CEVA Holdings, Expeditors, Eagle Global Logistics, Menlo Worldwide & Nexus Distribution etc.
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Boeing says it took net orders for 26 planes and delivered 35 planes in August
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Economic fears are weighing heavily on stocks.
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Finding stock picks to beat the market are rare finds nowadays. In September stock markets began on downbeat momentum following the S&P 500 rally throughout the summer. Euphoria gave way to a market slump. Markets reversed their mood when the Federal Reserve reiterated a tough stance during the annual meeting at Jackson Hole . The September slump created seven screaming picks to beat the market for investors. AAPL Apple $163.43 BMY Bristol-Myers Squibb $72.36 FDX FedEx $213.84 INTC Intel $31.56 MA Mastercard $338.42 MMM 3M $124.25 VTRS Viatris $10.11 Apple (AAPL) Source: sylv1rob1 / Shutterstock.com Apple’s (NASDAQ: AAPL ) long-awaited product iPhone 14 and iPhone 14 Plus refresh assures continued revenue strength. Most importantly, the smartphone giant did not raise the price of the models. The iPhon14 will start at $799 while the 14 Pro will start at $999. This is one of the reasons AAPL is among the top stock picks to beat the market. Apple also introduced three levels of Apple Watch.
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UPS is staffing up for the holiday shipping season by hiring more than 100,000 seasonal workers — a daunting challenge amid widespread labor shortages.
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Seasonal drivers with start at $21 per hour, with tractor-trailer drivers making as much as $35 per hour. Package handler starting wages can range from $15 - $21 per hour.
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UPS plans to rent greater than 100,000 further staff to assist deal with a rise in packages in the course of the vital vacation season. That is much like the vacation seasons of 2021 and 2020. Gene J. Puskar/AP cover caption toggle caption Gene J. Puskar/AP UPS plans to rent greater than 100,000 further staff […]
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UPS plans to hire more than 100,000 workers to help handle this season’s holiday rush. Holiday season volume typically rises in October and goes through January. While online shopping has slowed from the peak during the pandemic, it’s still well above other shopping norms. The openings are primarily for package handlers, drivers and driver helpers. The post UPS hiring 100,000+ workers ahead of the holidays appeared first on WNYT.com NewsChannel 13 .
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UPS to hire over 1000 seasonal employees in Buffalo WKBW 7 News Buffalo
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United Parcel Service plans to hire more than 100,000 extra workers to help handle an increase in packages during the winter holiday season — similar to holiday hiring last year and in 2020. Gene J. Puskar / AP UPS plans to hire more than 100,000 workers to help handle the holiday rush this season, in line with its holiday hiring the past two years. Holiday season volumes usually start rising in October and remain high into January. While online shopping has slowed from the height of the pandemic, it’s still well above historic norms. UPS says it will have job openings for full- and part-time seasonal positions, primarily package handlers, drivers and driver helpers. UPS promotes seasonal jobs as positions that can lead to year-round employment. In recent years, according to UPS, roughly 35% of people hired for seasonal package-handling jobs land permanent positions. Its seasonal drivers start at $21 an hour, with tractor-trailer drivers making as much as $35 an hour. Package handlers’ starting wages range from $15 to $21 an hour.
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Boston University president Robert A. Brown said Wednesday he will step down at the end of the current academic year.
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NEW YORK (AP) — Stocks that traded heavily or had substantial price changes Wednesday: EQT Corp., up 57 cents to $46. The natural gas company announced the purchase of gas and pipeline assets and doubled its stock buyback program. Coupa Software Inc., up $10 to $65.82. The software company reported strong second-quarter financial results. HealthEquity Inc., up 64 cents to $64.08. The provider of services for managing health care accounts raised its revenue forecast for the year. Occidental Petroleum Corp., down $1.45 to $65.43. Energy stocks slipped along with falling oil prices. Target Corp., up $7.21 to $170.79. The retailer is dropping the mandatory retirement age for its CEO, allowing Brian Cornell to stay on for three more years. United Parcel Service Inc., up 33 cents to $196.29. The package delivery service plans to hire more than 100,000 extra workers to help handle an increase in packages during the critical holiday season. Glaukos Corp., up $8.91 to $57.01. The drug developer gave investors an encouraging update on a potential glaucoma treatment.
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The United Parcel Service announced on Wednesday, Sept. 7 that it would be hiring more than 100,000 holiday workers in 2022, in line with last year, to deal with a surge in packages. The logistics company said the job openings are mainly for full-time and part-time drivers and package handlers. Both UPS and rival FedEx […]
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United Parcel Service said on Wednesday it would hire more than 100,000 holiday workers in 2022, in line with last year, to deal with a surge in packages. The logistics company said the job openings are mainly for full-time and part-time drivers and package handlers. Both UPS and rival FedEx Corp hire thousands of temporary […]
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The color around an analyst''s recommendation hurt the stock today.
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A strike is brewing at United Parcel Service (UPS), which could be bad news for people. While the Starbucks and Amazon labour movements got the limelight, people were unaware of the clash between UPS and an old American union.
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WASHINGTON, Sept. 05, 2022 (GLOBE NEWSWIRE) -- Drones are hired for a variety of tasks, including filming and emergency response. Due to their capacity to survey the property, offer ongoing and accurate project alerts, increase safety, and prevent hazardous accidents on construction sites, these devices are also in high demand in the real estate and construction sectors. As a result, drone business use cases have expanded significantly over the past few years. Participants in the industry, such as producers of drones and software, are continuously developing, evaluating, and upgrading solutions for diverse markets. The Global Market revenue was valued at USD 14,829.5 Million in 2021. The Global Commercial Drone Market size is forecast to reach USD 21,7043.6 Million by 2028 and is expected to grow to exhibit a Compound Annual Growth Rate (CAGR) of 56.4% during the forecast period; states Vantage Market Research, in a report, titled " Commercial Drone Market Size, Share & Trends Analysis Report by Product (Fixed Wing, Rotary Blade, Hybrid), by Application (Filming & Photography, Inspection & Maintenance, Mapping & Surveying, Precision Agriculture, Surveillance & Monitoring, Other Applications), by End Users (Agriculture, Delivery & Logistics, Energy, Media & Entertainment, Real Estate & Construction, Security & Law Enforcement, Other End Users), by Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Industry Assessment (2016 - 2021) & Forecast (2022 - 2028) ".
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Delta Air Lines released “Faces of Travel,” a new photo library which contains 100 images of Black and brown travelers from around the globe.
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The Italian government will enter into exclusive negotiations with a consortium comprised of Air France-KLM, the investment fund Certares and the American company Delta Air Lines about a takeover of the Italian airline ITA Airways. The talks were announced by the Ministry of Finance. ITA is the successor to Alitalia, which flew its last flight in bankruptcy last year. That company was kept afloat by the Italian state, and was restarted under the new name and in a slimmed-down form.
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CHICAGO — Delta Air Lines Inc on Wednesday said it currently has no intention of making a financial investment in ITA Airways. The comments from a spokesperson of the Atlanta-based carrier came after Italy’s government picked a bid by U.S. private equity fund Certares and backed by Air France-KLM and Delta to start exclusive talks […]
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China Airlines has announced plans to buy 16 of Boeing’s 787 Dreamliner wide-body planes. The deal is valued at $4.6 billion, with deliveries expected to begin from 2025. China Airlines said the 787s would allow it to phase out its fleet of 22 older A330s. The orders for the 787-9 version include options for eight more as well as conversion rights to the higher-capacity 787-10 model. The carrier, one of the world’s biggest freight airlines, cited the 787’s cargo-carrying capacity as one of the reasons behind its selection. This will be the first time China Airlines operates the Dreamliner and the second Taiwanese carrier to do so after EVA Air, which currently operates 10 Dreamliners and awaits delivery of a further 11 planes. The order from China Airlines comes a day after Boeing received an order from shipping company UPS for eight more 767 Freighters. UPS will take delivery of the airplanes starting in 2025, expanding its fleet to 108 767s. See Also: Delta Airlines Orders 100 Boeing MAX Aircraft for $13.
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Royal Caribbean is launching Starlink satellite internet across its fleet. The company said installation of the service will be complete by April 2023. SpaceX just received FCC approval to use its service on moving vehicles in June. Royal Caribbean announced on Tuesday that it plans to launch Elon Musk''s Starlink internet service on its full cruise fleet. The company will be the first in the cruise industry to install the service on its ships. It said that the satellite internet will be deployed immediately and that it anticipates installation across its cruise ships will be finished by April 2023. The company said it performed a trial on one of its ships, Freedom of the Seas, and determined that Starlink performed well enough to adopt the internet service across its entire fleet. Previously, the company had allowed customers to purchase VOOM internet while on board its ships for about $19.99 per day, per device. The cruise industry has historically poor WiFi options for guests. "This technology will provide game-changing internet connectivity onboard our ships, enhancing the cruise experience for guests and crew alike," Jason Liberty, president and chief executive officer of Royal Caribbean Group, said in the press release. "It will improve and enable more high-bandwidth activities like video streaming as well as activities like video calls." In June, the cruise company urged the Federal Communications Commission to approve SpaceX request for permission to use Starlink onboard moving vehicles, including ships and RVs.
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Delta Air Lines, has stated that the company will be suspending one of its major direct flights to Nigeria, joining, what is becoming a long list of foreign airlines backing out of Nigerian aviation market. It had previously reported that United Arab Emirates’ national carrier, Emirates Airlines, as well as UK carrier, British Airways, were suspending their operation in Nigeria due to their trapped funds in the country. About $464 million foreign airline funds are trapped in Nigeria due to scarcity of forex, with the Central Bank of Nigeria (CBN) tightening access to FX. This has made it impossible for foreign airlines, who are one of the major sources of forex to repatriate their money out of Nigeria. Following their threat to suspend operation, the central bank released $265 million to enable the airlines to repatriate some of their revenue to their parent countries. However, despite the release of the funds, Delta Air Lines said it will stop its flights between New York JFK airport and Lagos effective October 4, 2022, citing current demand environment as reason for the company’s decision.
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Delta Air Lines has announced that it will discontinue service between New York-JFK and Lagos on October 4, 2022. The airline announced on Tuesday that the nonstop flight service would be discontinued due to the ‘current demand environment.’ Delta Air Lines, on the other hand, stated that its flights from Lagos to Atlanta would provide connections to New York and other cities across the United States. “Delta is suspending its nonstop service between New York-JFK and Lagos to fit the current demand environment,” the airline said. Continue reading Delta Air Lines To Suspend New York To Lagos Flights From October 4 at BizWatchNigeria.Ng.
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Hot Stocks: PDD, DAL, AMPY, CTLT. See how each stock has trended in early market trading.
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Delta Air Lines Delta just confirmed the purchase of 12 more Airbus A220-300 aircraft, making it the biggest US customer of the jet. The carrier already operates 11 of the…
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The US government is suspending 26 flights by Chinese airlines from the United States to China in a dispute over anti-virus controls after Beijing suspended flights by American carriers. The Department of Transportation on Thursday complained Beijing violated an air travel agreement and treated airlines unfairly under a system that requires them to suspend flights if passengers test positive for COVID-19. US regulators suspended seven flights by Air China Ltd. from New York City and a total of 19 flights from Los Angeles by Air China, China Eastern Airlines Ltd., China Southern Airlines Ltd. and Xiamen Airlines Ltd., according to the Department of Transportation. It said that was equal to the number of flights United Airlines, American Airlines and Delta Air Lines were required to cancel under Beijing''s circuit-breaker system. The ruling Communist Party''s zero COVID strategy aims to keep the virus out of China while other governments are shifting to living with the disease. That ha
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Since the onset of 2022, companies in the U.S. airline industry have been facing headwinds from high fuel prices, the Ukraine-Russia war, and the economic slowdown in the country. However, not everything looks gloomy, as they are benefiting from healthy demand for leisure and business traveling. In this article, we will talk about three airline companies that have healthy prospects. These companies are: Delta Airlines, Inc. (NYSE:DAL), United Airlines Holdings, Inc. (NASDAQ:UAL), and Southwest Airlines Co. (NYSE:LUV). Using the TipRanks Stock comparison tool, we have designed a consolidated chart of the abovementioned industry players.
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The Ghana Civil Aviation Authority (GCAA) has cautioned Delta Airlines against using its aircraft with registration number N-195DN for flights to Accra. The caution is contained in a letter dated August 19, 2022 addressed to the “Accountable Manager” at Delta Airlines. This follows the “events of August 1st, 2022 in which the aircraft with registration […]
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The Ghana Civil Aviation Authority (GCAA) has announced a ban on flights to Ghana for an aircraft operated by Delta Airlines with the registration N195DN. The decision, according to GCAA, was made after several Accra-bound passengers, including Ghanaians, were left stranded at the JFK airport on July 24, 2022, as a result of Delta Airlines’ […] The post GCAA restricts Delta Airlines flight N195DN from going to Ghana appeared first on The Independent Ghana .
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Delta Airlines’ aircraft with registration number N-195DN has been temporarily banned from flying into Ghana by the Ghana Civil Aviation Authority. The decision contained in a letter dated August 19, 2022 that was addressed to the accountable manager of the airline, follows two incidents on the said aircraft on JFK- Accra bound flights. On August 1, 2022, the said aircraft with registration number N195DN was forced to return to gate due to a technical problem, prompting an investigation by the GCAA. The investigation revealed that the crew reported a fuel imbalance with the left main tank. It came to light that the inbound crew reported a fuel imbalance issue when the flight left JFK to Accra on 31st July, 2022. “ This was the same aircraft that had to return to JFK on 25th July, 2022 a few hours after take-off from JFK and which was widely reported on in various media outlets ,” portions of the letter to Delta said. The GCAA noted that given the history of the aircraft Delta Airlines would have thoroughly investigated the issue to arrive at the root cause of the failure before dispatching the aircraft on flights. “ Rather, the aircraft was flown within the United States a number of times and then dispatched again to Accra, only for the problem to reoccur.
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The Ghana Civil Association Authority has cautioned Delta Airways not to dispatch B767-332 with registration number N195DN for flights to Accra. This caution is contained in a letter dated August 19, 2022. The caution follows the events of August 1st, 2022 in which the aircraft with registration number N195DN was forced to return to the […]
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