PARIS — Mobile satellite services provider Inmarsat said its Government and Maritime divisions are likely to weather the Covid-19 crisis reasonably well in 2020 as both are mainly subscription-based but that its Aviation business will be hard hit.
The company said it expects total 2020 revenue to be down by more than $100 million. But direct and indirect costs and capex also will be lower as Inmarsat reduces spending. Some of the savings will be automatic as airlines stop installing in-flight-connectivity systems, saving Inmarsat the installation charge.
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