Coming on the heels of yesterday’s strong earnings report for Gogo’s Business Aviation segment the company announced a new deal today for the Gogo AVANCE L3 platform. Fractional jet services operator Airshare will equip its fleet of Embraer Phenom 100 aircraft with the kit, bringing inflight wifi connectivity online for its customers.
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Gogo’s strong Q3 offset by global ARPA concerns
Gogo revised its expectations for 2020 and beyond, announcing updated goals as the company continues its drive towards profitability. Alas, details on those revised targets will not be shared with investors. CEO Oakleigh Thorne shared that the new math takes into account "more realistic expectations" of satellite costs and the shift to the airline-directed model. Assuming the new numbers are part of the Q3 '18 numbers they should help the company significantly, though there are indications some parts of the operation could revert to higher costs. The inability for global revenue to keep pace with growth in North America is also concerning given the company's current backlog.
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[PR] Gogo DASH brings BizAv connectivity performance data down to earth
Services, services, services everywhere! Once the connection (mostly) works and signups of new customers slows the need to better support the existing installs grows. Gogo DASH helps the company continue to build out the services ecosystem that keeps customers loyal to the installed product. The more different touch points that use the installed kit, the harder it is to shift away.
Lots of free wifi flying on Labor Day thanks to Gogo and T-Mobile
This year’s Labor Day Weekend holiday period is expected to break records for the number of people traveling across the USA by air. And a whole bunch of them will get free inflight wifi thanks to Gogo and T-Mobile. Every traveler on a domestic US flight equipped with the Gogo service will receive a free 30-minute smartphone session on Monday as part of the deal.
Inmarsat EAN gains Belgian (re)approval
Inmarsat's European Aviation Network (EAN) received approval this week from Belgian telecom authorities for its ground component service. Again. That's good news for the inflight connectivity provider as it works to secure the necessary regulatory approvals across Europe in advance of service launch, still expected later this year. It is a setback for Viasat, Eutelsat, and Panasonic Avionics as they fight the EAN deployment through legal and regulatory battles.
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An asterisk on Gogo’s improving revenue numbers
Gogo posted better than anticipated numbers for Q2 '18 this morning, giving the company's share price a nice boost in early morning trading, though it has since given back some of the gains. The business aviation segment continues to lead the company's fortunes but some glimmers of success in the commercial segments are showing, too. So long as American Airlines is excluded from all considerations.
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Gogo 2020 program aims for massive cost cuts
Gogo plans significant cost cuts as it seeks to shore up its financial position. Facing a financing crunch the company's "Gogo 2020" business plan unveiled this week will see hundreds of millions of dollars cut from cost side of the balance sheet as jobs and programs are dropped from the company.
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[PR] Gogo AVANCE L5 Flying on 200th Business Jet
More solid performance from the Gogo BizAv segment with the new AVANCE L5 kit deploying quickly. Of significant note is that more than 60% of the AVANCE L5 installs are new installs, not just upgrades from existing kit. As competition heats up in the BizAv segment securing those aircraft now is a big win for Gogo.
Which airline doesn’t hate its connectivity provider?
When senior airline executives are willing to trash their vendors in public that's usually bad news for everyone involved. Welcome to the inflight connectivity world, where airlines are almost as unhappy as the passengers struggling to stay online in the sky. Alas, only part of that frustration is grounded in reality.
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New direction, new challenges for Gogo: Q1 18 numbers
Sticky 2Ku antennae will cost Gogo north of $25mm to repair or replace, and that's not the only challenge new CEO Oak Thorne faced as he presented his first quarterly earnings call for the inflight connectivity provider.
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