FDX Jan 2025 420.000 put
- Associated Press Finance
NTSB begins considering probable cause in a near-collision between FedEx and Southwest planes
Investigators said Thursday that an incoming FedEx cargo plane came within less than 200 feet of hitting a Southwest Airlines jet last year in Austin, Texas, after both were cleared to use the same runway. The FedEx co-pilot saw the Southwest plane at the last second, and the cargo plane's crew pulled up, flying over the top of the Southwest jet, which was carrying 128 passengers and crew members. “This incident could have been catastrophic if not for the heroic actions of the FedEx crew,” said Jennifer Homendy, chair of the National Transportation Safety Board at the start of the panel’s hearing on the close call.
- Reuters
NTSB wants new training for controllers after near disaster
The two planes came within about 170 feet of each other when the FedEx Boeing 767 was forced to fly over the Southwest 737-700 to avoid a crash in poor visibility conditions. It was one of at least half a dozen near-miss incidents last year that raised concerns about U.S. aviation safety and the strain on understaffed air traffic control. NTSB Chair Jennifer Homendy said at a board meeting to determine the probable cause and make recommendations that the incident could have been catastrophic without the actions of the cargo carrier pilots.
- Zacks
FedEx (FDX) Gains But Lags Market: What You Should Know
FedEx (FDX) closed at $248.05 in the latest trading session, marking a +0.85% move from the prior day.
