Amazon Stock Rises Despite Fatal Cargo Jet Crash in Miami
A Boeing 767 cargo jet operated by 21 Air crashed at Miami International Airport on September 6, resulting in five deaths and five injuries. Despite the severity of the incident, Amazon's stock price rose 1.94% to $256.78 on Friday, with investors not yet treating it as a measurable earnings shock for the company.
The National Transportation Safety Board (NTSB) has released an update on the investigation, detailing the sequence of events leading up to the crash. The flight-data recorder shows that the nose and right main landing gear touched down at 158 knots, before braking began at 146 knots. However, a pilot called for a go-around just 15 seconds before the end of the recording.
Amazon has stated that it is cooperating with investigators and coordinating with the carrier, but has not disclosed any financial or network impact from the accident. The company's shipping costs have increased in recent quarters, but these figures are broad and include inbound and outbound shipping across its global operation.
The NTSB investigation remains ongoing, and the next steps will involve convening a cockpit-voice-recorder group to review the recording and prepare a transcript. Until then, the market is demanding evidence of a lasting cash-flow effect rather than pricing the incident from headlines alone.