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UPS Shareholder Value Could See the Same % Decline as Activision
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<blockquote data-quote="worldwide" data-source="post: 5087472" data-attributes="member: 2193"><p>Factual reports:</p><p></p><p><strong>UPS 6 - <a href="https://lessonslearned.faa.gov/UPS6/UPS6_Accident_Report.pdf" target="_blank">https://lessonslearned.faa.gov/UPS6/UPS6_Accident_Report.pdf</a></strong></p><ul> <li data-xf-list-type="ul">The United Arab Emirates <a href="https://en.wikipedia.org/wiki/General_Civil_Aviation_Authority" target="_blank">General Civil Aviation Authority</a> (GCAA) opened an investigation into the crash, assisted by the NTSB. The government of <a href="https://en.wikipedia.org/wiki/Bahrain" target="_blank">Bahrain</a> decided to conduct its own investigation into the accident. UPS also sent its own investigation team.</li> <li data-xf-list-type="ul">The GCAA released its final investigation report in July 2013. The report indicated that the fire was caused by the <a href="https://en.wikipedia.org/wiki/Autoignition" target="_blank">autoignition</a> of the contents of a cargo pallet, which contained more than 81,000 <a href="https://en.wikipedia.org/wiki/Lithium_batteries" target="_blank">lithium batteries</a> and other combustible materials. The shutdown of <a href="https://en.wikipedia.org/wiki/Air_conditioning_pack" target="_blank">air conditioning pack</a> 1 for unknown reasons led to smoke entering the cockpit.</li> </ul><p>Note than in the case above, the amount of lithium batteries onboard was not in violation of any rules and all safety equipment required by law at that time were on-board. It was also noted that some of the cargo loaded in Hong Kong was not properly classified and declared by the shipper.</p><p></p><p><strong>UPS 1354 - <a href="https://www.ntsb.gov/investigations/accidentreports/reports/aar1402.pdf" target="_blank">https://www.ntsb.gov/investigations/accidentreports/reports/aar1402.pdf</a></strong></p><ul> <li data-xf-list-type="ul">The National Transportation Safety Board determines that the probable cause of this accident was the flight crew’s continuation of an unstabilized approach and their failure to monitor the aircraft’s altitude during the approach, which led to an inadvertent descent below the minimum approach altitude and subsequently into terrain. </li> <li data-xf-list-type="ul">Contributing to the accident were (1) the flight crew’s failure to properly configure and verify the flight management computer for the profile approach; (2) the captain’s failure to communicate his intentions to the first officer once it became apparent the vertical profile was not captured; (3) the flight crew’s expectation that they would break out of the clouds at 1,000 feet above ground level due to incomplete weather information; (4) the first officer’s failure to make the required minimums callouts; (5) the captain’s performance deficiencies likely due to factors including, but not limited to, fatigue, distraction, or confusion, consistent with performance deficiencies exhibited during training; and (6) the first officer’s fatigue due to acute sleep loss resulting from her ineffective off-duty time management and circadian factors</li> </ul></blockquote><p></p>
[QUOTE="worldwide, post: 5087472, member: 2193"] Factual reports: [B]UPS 6 - [URL]https://lessonslearned.faa.gov/UPS6/UPS6_Accident_Report.pdf[/URL][/B] [LIST] [*]The United Arab Emirates [URL='https://en.wikipedia.org/wiki/General_Civil_Aviation_Authority']General Civil Aviation Authority[/URL] (GCAA) opened an investigation into the crash, assisted by the NTSB. The government of [URL='https://en.wikipedia.org/wiki/Bahrain']Bahrain[/URL] decided to conduct its own investigation into the accident. UPS also sent its own investigation team. [*]The GCAA released its final investigation report in July 2013. The report indicated that the fire was caused by the [URL='https://en.wikipedia.org/wiki/Autoignition']autoignition[/URL] of the contents of a cargo pallet, which contained more than 81,000 [URL='https://en.wikipedia.org/wiki/Lithium_batteries']lithium batteries[/URL] and other combustible materials. The shutdown of [URL='https://en.wikipedia.org/wiki/Air_conditioning_pack']air conditioning pack[/URL] 1 for unknown reasons led to smoke entering the cockpit. [/LIST] Note than in the case above, the amount of lithium batteries onboard was not in violation of any rules and all safety equipment required by law at that time were on-board. It was also noted that some of the cargo loaded in Hong Kong was not properly classified and declared by the shipper. [B]UPS 1354 - [URL]https://www.ntsb.gov/investigations/accidentreports/reports/aar1402.pdf[/URL][/B] [LIST] [*]The National Transportation Safety Board determines that the probable cause of this accident was the flight crew’s continuation of an unstabilized approach and their failure to monitor the aircraft’s altitude during the approach, which led to an inadvertent descent below the minimum approach altitude and subsequently into terrain. [*]Contributing to the accident were (1) the flight crew’s failure to properly configure and verify the flight management computer for the profile approach; (2) the captain’s failure to communicate his intentions to the first officer once it became apparent the vertical profile was not captured; (3) the flight crew’s expectation that they would break out of the clouds at 1,000 feet above ground level due to incomplete weather information; (4) the first officer’s failure to make the required minimums callouts; (5) the captain’s performance deficiencies likely due to factors including, but not limited to, fatigue, distraction, or confusion, consistent with performance deficiencies exhibited during training; and (6) the first officer’s fatigue due to acute sleep loss resulting from her ineffective off-duty time management and circadian factors [/LIST] [/QUOTE]
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