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Stock impact report

Key Words: The CEO of the largest airline offers one simple reason that Wi-Fi on planes isn’t free [MarketWatch]

The Carlyle Group Inc. (CG) 
Last the carlyle group inc. earnings: 4/30 06:40 am Check Earnings Report
US:NASDAQ Investor Relations: ir.carlyle.com
Company Research Source: MarketWatch
The CEO of the largest airline offers one simple reason that Wi-Fi on planes isn’t free Delta Air Lines Inc.’s chief executive officer, Ed Bastian, says he’d like to offer Wi-Fi free on his airline’s flights, but right now it would crash the system. Speaking during a conversation this fall at the Economic Club of Washington, which aired on Bloomberg on Thursday, the 62-year-old Bastian told Carlyle Group private-equity luminary David Rubenstein, who hosts an eponymous interview show on the news platform, that charging for internet access actually prevents too many people from using it. “It’s available on almost all of our planes,” Bastian said of Wi-Fi service, noting, though, that the carrier’s smallest regional jets don’t have internet access. “I’m a firm believer that we need to make Wi-Fi free across all of our service, and we are working towards that,” he said to applause. Bastian explained in greater detail why offering it free is a no-go for now. Here’s his take: He went on to Show less Read more
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