— Gogo (NASDAQ: GOGO) reported a fourth-quarter 2019 loss of $0.28 per share versus a loss of $0.49 per share expected.
— Total revenue rose by 2% to $221.3 million versus $207.23 million expected.
— Service revenue from Commercial Aviation – North America fell by 4% on the deinstallation of ATG equipment on American Airlines aircraft. However, equipment revenue plunged by 16% due to the shift in mix from airline-directed to turnkey installations.
— Service revenue from Commercial Aviation – Rest of World increased by 20% on higher aircraft online while equipment revenue dropped by 25% due to a shift in mix from airline-directed to turnkey installations.
— Service revenue in Business Aviation grew by 14% on higher ATG units online and average monthly service revenue per ATG unit online while equipment revenue rose by 22% on continuing strong demand for Avance L5 and L3 systems.
— Qatar Airways selected Gogo’s 2Ku solution for high-speed inflight connectivity and live TV on 70 Boeing and Airbus aircraft, with service expected to begin in 2020.
— The company is not providing 2020 financial guidance given the uncertain impact of the quickly evolving Covid-19 or coronavirus pandemic will have on its business.
— Gogo is closely tracking the impact of the virus on global travel and its airline partners specifically.
Most Popular
Key metrics from Kroger’s (KR) Q3 2025 earnings results
The Kroger Co. (NYSE: KR) reported its third quarter 2025 earnings results today. Total company sales rose to $33.9 billion from $33.6 billion in the same period last year. Identical
Dollar General (DG) Q3 2025 Earnings: Key financials and quarterly highlights
Dollar General Corporation (NYSE: DG) reported its third quarter 2025 earnings results today. Net sales increased 4.6% year-over-year to $10.65 billion. Same-store sales increased 2.5%. Net income was $282.7 million, or
HRL Earnings: All you need to know about Hormel Foods’ Q4 2025 earnings results
Hormel Foods Corporation (NYSE: HRL) reported its fourth quarter 2025 earnings results today. Net sales increased 1.5% year-over-year to $3.18 billion. Organic sales were up 2%. Net loss attributable to Hormel
