Gogo notified debtors of its intention to pay off $100 million of outstanding debt, a move that will help the company reduce its long-term interest expenses.
earnings call
Gogo sees record revenue, saves on 5G lawsuit costs
Gogo’s legal victory at the end of September allows the company to continue selling its new Gogo 5G network, even as SmartSky believes it will succeed with an appeal to have the injunction reinstated. The ruling also saved the company a few million dollars.
Gogo sees 5G chip issues delaying deployment
Corporate jets are back in the air, and they’re more connected than ever. Gogo’s Q2 results indicates a strong rebound in activity for its corporate jet market, boosting revenues. But the company’s 5G network upgrade will slip a bit more owing to chip shortages.
US airlines delivering less efficient operations
A review of employment numbers and schedules suggests the airlines are up to 20% less efficient than in 2019 on a per-employee basis.
Allegiant goes Extra for legroom on board
Extra leg room is coming to Allegiant. For a price. The carrier will expand its “Allegiant Extra” offering (first trialed in 2019) significantly across the fleet.
Delta disses discount airlines, pursues premium passengers
Can Delta Air Lines continue to deliver outsized revenue gains in its premium cabins? The carrier appears focused on that segment, especially in the long-haul markets, even as domestic LCC competition heats up.
Gogo sees LEO as part of its future
Gogo reported its first quarterly profit in history on record service revenues in Q3 2021. And the company is not slowing down. Executives continue to push the potential for future growth opportunities, both terrestrial and satellite-based, while also still talking down competitive inroads.
Viasat boosts aviation backlog, lingers over LEO likelihood
Viasat is making a lot of money, even though it cannot add new users to its core satellite offering today. But the company is not shying away from aircraft additions, with hundreds more anticipated over the next couple years.
Allegiant revamps loyalty with Allways Rewards
A new loyalty program is coming soon for Allegiant Airlines. The ultra low cost carrier wants to enhance and expand its appeal to repeat customers, while also delivering a simple and relatable offering, dubbed “Allways Rewards.”
Gogo sees strong growth, 5G network remains on track
As with most earnings calls Gogo’s latest ran through myriad statistics and reporting metrics. But, unlike most service providers, CEO Oakleigh Thorne chose to celebrate a massive drop in network consumption over the past 4 years. And for good reason.