Gogo faces new challenges to some of its government contracts as the Feds look to push out any companies using technology from a handful of Chinese suppliers.
The numbers for Global Eagle’s Q1 are not good. And with a narrow margin of liquidity before it is considered in default on its debt, the timing is tight.
With the deadline for filing its quarterly financials come and gone Global Eagle faces a number of challenges. Global Eagle now anticipates filing its earnings no later than 6 July 2020. And the contents of that filing are not expected to paint a pretty picture.
British Airways’ newest long-haul planes will not be fitted with the Gogo 2Ku solution. Instead, the company will diversify its vendor portfolio, though passengers shouldn’t notice the difference.
Business Aviation is making a strong comeback, with Gogo’s BizAv unit topping 3,000 daily flights last week, a significant milestone and nearly 90% of the numbers from early this year.
Has North America truly run out of Ku-band capacity? That’s one of the arguments being made by Delta Air Lines as it renegotiated its inflight connectivity contract with Gogo. The company announced the new deal this week, and the potential market shift is massive.
Viasat reported its annual results Tuesday afternoon with record revenue. The company also announced a couple surprises, with a new wide-body airline customer for its inflight connectivity solution and a change of plans for its future satellite constellation.
What keeps airlines from shifting from one inflight connectivity solution to another? Contracts are certainly part of it, but so is the significant cost to update and replace hardware on the planes. Gogo has a plan that could ease such pain while keeping airlines active on its services.
January and February 2020 showed great promise for Gogo. New aircraft installations continued, particularly of the company’s 2Ku offering for commercial aircraft. And then the bottom fell out.
But the company sees a rebound on the horizon, and also possible a merger.
As a key supplier of systems for commercial aircraft production and retrofit work it is no surprise that Astronics will see a significant hit to its revenue in 2020. The company is not providing formal guidance, but in its quarterly earnings call this week CEO Peter Gundermann spoke to some of the numbers and just how bad the situation looks.