— 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
Accenture (ACN) to report Q2 2025 results Thursday. Here’s what to expect
Accenture plc, (NYSE: ACN) is preparing to publish its second-quarter results this week, amid expectations for a year-over-year increase in revenue and profit. The professional services company had a strong
What to expect when Dollar Tree (DLTR) reports Q4 2024 earnings results
Shares of Dollar Tree, Inc. (NASDAQ: DLTR) gained over 1% on Monday. The stock has dropped 6% over the past three months. The discount store chain is scheduled to report
MU Earnings Preview: Strong Q2 results in cards amid growing AI demand
Micron Technology, Inc. (NASDAQ: MU) is uniquely positioned to capitalize on the AI wave sweeping the tech industry, leveraging its high-bandwidth-memory products designed for massive data processing tasks. The company
