Viasat turned in another quarter of revenue growth, driven by mobility. Further growth will depend, among other things, on helping airlines better deliver the services to passengers.
earnings call
OneWeb activation slips, dragging Eutelsat revenues
Deployment of the OneWeb network continues to slip, but new parent Eutelsat remains confident in the longer-term revenue potential.
Big revenue, big write-offs for Viasat
Viasat took in $1.2 billion last quarter, but also recognized $1.6 billion in write-offs related to satellite failures and program cancellations. More interesting, however, is growing clarity of what the future constellation will look like – and who the future customer base will be – for the combined companies.
Slower upgrade pacing hits Gogo’s hardware deliveries
Gogo has, once again, revised its revenue guidance lower for 2023. The company now expects 2023 full year revenue between $390-400 million, down from a forecast $440-455 million forecast at the beginning of the year.
Mixed ancillary messages from Allegiant in Q3 results
Total average fare increased for Allegiant in Q3 2023, but, similar to its ULCC competitors in the US market, the breakdown of those fares shifted. And it is not all good news.
JetBlue’s summer of blues
Summer is typically the best time of year for airlines. It is when profits are stockpiled to help pad the slower, colder seasons. Alas, JetBlue joins a handful of US carriers who did not enjoy summer 2023, reporting a loss of $153 million for Q3.
SES plans mPOWER constellation expansion to counter performance problems
The SES mPOWER constellation will grow by two satellites to offset shortcomings on the initial six.
Spirit’s Q3 roller coaster: Ancillaries (barely) up, revenues down, planes grounded
Ancillary revenues held steady, but nearly everything else in Spirit Airlines’ Q3 numbers is rough news. And 2024 isn’t going to be a ton better, thanks to engine issues.
Southwest sees record Q3 revenues, short-term slowdown ahead
Southwest Airlines reported record revenues in Q3 and delivered a $193 million profit. But the carrier says its fleet and network are still off-balance, with its 2024 growth outlook now reduced.
Gogo authorizes $50 million share buy-back
Gogo authorized share buy-backs up to $50 million this week as part of its commitment to return equity to shareholders.