ViaSat shares are trading higher after the company announced a deal for in-flight connectivity onboard 40 additional aircraft by Korean Air.
Portfolio Pulse from Benzinga Newsdesk
ViaSat's shares increased following the announcement of a deal to provide in-flight connectivity for 40 additional Korean Air aircraft.
March 20, 2024 | 7:51 pm
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POSITIVE IMPACT
ViaSat's stock is likely to experience a positive short-term impact due to the expansion of its in-flight connectivity services to 40 additional Korean Air aircraft.
The announcement of ViaSat expanding its in-flight connectivity services to additional aircraft with a major airline like Korean Air is a positive development. This deal not only enhances ViaSat's market presence in the aviation sector but also signals confidence in its technology and services. Such expansions typically lead to increased revenue streams and can positively influence investor sentiment, driving up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90