United Airlines Holdings Inc.(NASDAQ:UAL) has announced an expansion of its deal with Elon Musk-backed Starlink satellite internet service to offer in-flight Wi-Fi.
Starlink Available On 300+ Aircraft
In a post on the social media platform X on Monday, the airline announced the expansion of its Starlink partnership. United said that Starlink was now available on 300+ planes, which was nearly the airline's "entire regional fleet."
The airline shared that it expects to also offer Starlink across "more than half our full fleet (bringing the total to 800+ aircraft!) by the end of this year."
The Chicago, Illinois-based airline also outlined that the service was already used by over 7 million passengers, adding that it was free for the airline's MileagePlus subscribers.
The fastest, most reliable Wi-Fi in the sky is now on board 300+ planes, nearly our entire regional fleet. We expect to also have it on board more than half our full fleet (bringing the total to 800+ aircraft!) by the end of this… pic.twitter.com/yLDggqvJRT
The news comes as United's earnings beat analyst expectations, as the company posted adjusted earnings of $3.10 per share, exceeding the market consensus of $2.93 per share. This, despite a $250 million impact it recorded due to the historic government shutdown last year.
O'Leary, meanwhile, reiterated his stance on Starlink, saying that the fuel drag penalties continue to remain a headwind for incorporating the technology. However, he then shared that he expects all airlines to offer free in-flight Wi-Fi as the technology improves.
SpaceX-xAI Merger
Musk's artificial intelligence company, xAI, announced it was merging with SpaceX, with the companies valued at close to $250 billion and $1 trillion, respectively.
The merger could help boost Musk's orbital datacenter goals, which have been touted by the billionaire as a more cost-effective alternative to ground-based datacenters on Earth.
United Airlines scores well on the Value metric and offers a favorable price trend in the Long term.
Price Action: UAL surged 4.92% at Market close on Monday, climbing 0.34% further to $107.72 during the after-hours session.
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