Travelers sign up on the ground and connect once the plane reaches 10,000 feet. Browsers connect to Aircell's Gogo Inflight portal site. All for a $9.95 hook up, explains Najarian.
The OptionMonster tried it himself, and says it allowed him to take profits – in the air! On Monday he sold Force Protection around 11:15am… 15 minutes after takeoff. Then he bought Fannie Mae around 11:30am… and later he bought some calls in Continental Airlines around 12noon (due to unusual options action, not because he didn't like his flight on American).
Is WiFi in the sky bullish for airlines?
I think it is bullish, explains Najarian. It’s an easy way for the airlines to generate a little extra revenue per passenger and it could add up.
I’d short the airlines, counters Steve Cortes. I’m especially bearish on Continental . And I also think swine flu will be a drag on the space.
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Trader disclosure: On Aug 24th, 2009, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s Fast Money were owned by the Fast Money traders; Najarian Owns (BUCY) & Short (BUCY) Calls; Najarian Owns (C) Calls; Najarian Owns (FCX), Is Short (FCX) Calls, Owns (FCX) Puts; Najarian Owns (MS) And Is Short (MS) Calls; Najarian Owns (MSFT) And Is Short (MSFT) Calls; Najarian Owns (PALM) Calls; Najarian Owns (V) & Short (V) Calls; Najarian Owns (YHOO) Call Spread; Terranova Owns (AMZN), (MSFT), (WFT), (BTU), (MA), (SHLD); Terranova Is Short (KBH); Terranova Works For (VRTS); J. Najarian Owns (AMD), (AAPL), (BX), (DRY), (LDK), (NTRS), (NUE), (FRE), (FNM), (NVLS); J. Najarian Owns (BAC) Preferred; Cortes Owns (SPX); Cortes Is Short Nasdaq 100; Cortes Owns (GS)