NEW YORK (TheStreet) -- Netflix (NFLX) - Get Report and Virgin America (VA) said today that they are partnering to offer free Wi-Fi to Netflix customers, allowing them to stream video during their travel.

"For us, the future of streaming technology is about delivering an on-demand service that takes advantage of the expansion of WiFi to public places, parks and now airplanes," Netflix said.

Virgin America travelers will be able to stream TV shows such as "House of Cards" and "Orange is the New Black" along with movies to their laptops, mobile devices or tablets, the companies stated.

The free Wi-Fi promotion lasts through March 2, 2016. 

The move comes after Amazon.com (AMZN) - Get Report said earlier this year that it was partnering with JetBlueAirways (JBLU) - Get Report to offer free Wi-Fi on flights, Variety reports.

Netflix shares are down 0.7% to $98.77 on Tuesday afternoon.

Separately, TheStreet Ratings team rates NETFLIX INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate NETFLIX INC (NFLX) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, expanding profit margins and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and disappointing return on equity.

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • NFLX's revenue growth trails the industry average of 33.8%. Since the same quarter one year prior, revenues rose by 22.7%. This growth in revenue does not appear to have trickled down to the company's bottom line, displayed by a decline in earnings per share.
  • The gross profit margin for NETFLIX INC is currently very high, coming in at 84.02%. It has increased from the same quarter the previous year. Regardless of the strong results of the gross profit margin, the net profit margin of 1.60% trails the industry average.
  • The company's current return on equity has slightly decreased from the same quarter one year prior. This implies a minor weakness in the organization. When compared to other companies in the Internet & Catalog Retail industry and the overall market, NETFLIX INC's return on equity is below that of both the industry average and the S&P 500.
  • You can view the full analysis from the report here: NFLX