Intelsat 2024 rev down 6%, in-flight service down 9%; SES says shortfalls don’t change business case for $3.1B acquisition

by Peter B. de Selding

LA PLATA, Maryland — Satellite fleet operator Intelsat reported a 6% decline in revenue in 2024, to $1.98 billion, including a 6% drop in in-flight-services revenue and lower revenue from other mobility applications that more than offset an increase in off-network business, where customers purchase non-Intelsat capacity from Intelsat.

The off-network business includes L-band mobility services sold through Intelsat General business with the U.S. and other governments.

In its 2024 annual report, Intelsat, which is scheduled to be . . .

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