Core Points - A United Parcel Service Inc. (UPS) freighter crashed near its global hub in Kentucky, resulting in at least 12 fatalities and several individuals unaccounted for [1][2] - The aircraft, a McDonnell Douglas MD-11, experienced an engine failure shortly after takeoff, leading to its descent into terrain and buildings [2][3] - The National Transportation Safety Board (NTSB) has recovered the cockpit voice and flight data recorders, which will provide critical insights into the incident [4] Company Impact - UPS stated that the crash is not expected to materially affect its financial position, operations, or cash flow [7] - Following the incident, UPS canceled second-day air service package-sorting operations at its largest hub, Worldport [7] - The company expressed condolences and is cooperating with the investigation, emphasizing its commitment to safety [8] Industry Context - The crash occurred amid widespread air travel disruptions in the U.S. due to air traffic controller shortages, with a planned 10% reduction in air capacity at 40 high-volume locations [5] - The aviation industry has faced a series of deadly incidents this year, highlighting ongoing safety concerns [6] - Boeing Co., which acquired McDonnell Douglas, is providing technical assistance to the NTSB and collaborating with local authorities [9]

The government shutdown leading to air travel disruptions. More than 8,000 flights were delayed across the country yesterday. Air traffic control staffing issues were reported at 22 locations over the weekend. Joining us right now to discuss it is former FAA administrator Randy Babbot. And Randy, um, how dire is the situation at this point? Are Americans who are flying less safe? >> Yeah, it uh, it's a tough situation. And the worst part is it's uh self- accelerating. Uh the more we ask people to serve more ...