XSPA Stock: XpresSpa Climbs On United Airlines Partnership
Tags: Vaccines, Partnerships, Actors, Covid 19, Makeup

XpresSpa Group Inc (NASDAQ: XSPA) is screaming for the top in the market this morning, and for good reason. The company announced that it has entered into a partnership with United Airlines that has the potential to generate significant revenue.

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XpresSpa Group Announces Agreement With United Airlines

Management Commentary

This Agreement Could Result in Significant Revenue

Risks to Consider Before Buying XSPA Stock

Final Thoughts

XpresSpa Group Announces Agreement With United Airlines

In the press release, XpresSpa said that its subsidiary, XpresCheck, entered into a national agreement with United Airlines. The agreement surrounds the provision of COVID-19 testing services with Newark LIberty International Airport and Denver International Airport.

XSPA went on to explain that starting on December 21, XpresCheck will support direct flights to Hawaii, giving vacation travelers the peace of mind in feeling safe while vacationing during the COVID-19 pandemic.

Under the agreement, XpresCheck will provide pre-travel testing with rapid molecular testing services. Passengers who test positive are informed that they will need to leave the airport and self-isolate as per CDC guidelines, along with anybody the passenger is traveling with.

Management Commentary

In a statement, Doug Satzman, CEO at XSPA, had the following to offer:

We are very pleased to support United’s efforts to provide their customers with more testing options to meet their destination entry requirements with our easy rapid molecular testing protocol and convenient on-site testing facilities. Our partnership with United Airlines will start with select flights to Hawaii in two major hub airports and expand to additional cities as our plans continue to develop.

The above statement was followed up by Toby Enqvist, Chief Customer Officer at United. Here’s what he had to say:

United was the first to offer a customer COVID-19 testing program…