Why Shares of Gogo Are Higher Today
The company has completed its deal to exit the commercial aviation internet market.
GOGO INC
The company has completed its deal to exit the commercial aviation internet market.
GOGO earnings call for the period ending September 30, 2020.
An international online travel portal, asset-selling internet connectivity provider, and iconic apparel retailer seem pretty vulnerable right now.
Investors and analysts continued to weigh the bullish implications of selling the commercial aviation business.
The in-flight Internet pioneer will use the money to pay down debt and focus on business jets.
A bankrupt company's buyout makes bankruptcy for Gogo suddenly less likely.
The in-flight internet provider achieved a milestone in its business aviation segment.
GOGO earnings call for the period ending June 30, 2020.
The aviation internet-connectivity company's revenue decline wasn't as bad as expected.
Airplanes are quickly filling up, and customers are returning to the company's services.