Thursday, February 26, 2015

In-flight internet provider Gogo's quarterly revenue jumps

A passenger uses a wireless tablet on an American Airlines airplane, which is equipped with Gogo Inflight Internet service, enroute from Miami to New York December 10, 2013. REUTERS/Carlo Allegri



A passenger uses a wireless tablet on an American Airlines airplane, which is equipped with Gogo Inflight Internet service, enroute from Miami to New York December 10, 2013.


Credit: /Carlo Allegri






- In-flight internet provider Gogo Inc (GOGO.O) posted an 18 percent rise in quarterly revenue as more flyers used its services.

The company, which has not reported a profit since going public in 2013, said its net loss widened to $24.1 million, or 28 cents per share, in the fourth quarter ended Dec. 31 from $22.1 million, or 26 cents per share, a year earlier.


Revenue rose to $109.2 million from $92.6 million.


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