Though the average price of an airline ticket has been creeping up over the past year, people won't be abandoning air travel. Until a Star Trek-esque transporter is invented, people will be using the skies to get from point A to point B.

That's good news for Gogo (NASDAQ:GOGO) and its investors.  As the No. 1 provider of in-flight connectivity in America, the company hopes to one day make surfing the Internet on a plane just as ubiquitous as it is at home, work, and the coffee shop.

But so far in 2014, things haven't gone so well for Gogo shareholders.  Why is that and what should investors be focused on for the rest of the year?  In the slideshow below, we'll cover the basics that long-term investors should really focus on moving forward.