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.
earnings call
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.
Performance puffery in the ATG world
A CEO taking shots at the competition is nothing new. Doing so without data to back up the claims, however, can create more questions rather than boosting the product profile.
Viasat doubles down on interoperability to address short, mid-term capacity challenges
Despite the troubles with its first flagship ViaSat-3 satellite, Viasat continues to maintain a positive outlook. Yes, the lack of capacity from the new satellite over the Americas is a problem. But for the next couple years that should only impact its terrestrial connectivity business, not the higher-margin mobility or government business lines.
Gogo reports record service revenue, reduces forecast
Chalk up another record revenue quarter for Gogo. But the company expects the next couple years to be rough, with downward revisions on revenue, free cash flow, and other metrics.