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Gogo revenues hit record highs for Q4, FY, though net loss widens

Thursday 22 February 2018 | 17:44 CET | News
Gogo reported record revenues for the full year, passing guidance, helped by the rapid installation of 2Ku and the engagement of more passengers and aircraft. 2Ku was installed on more than 470 aircraft in the year and for the fourth consecutive year, the company installed in-flight connectivity equipmetn on over 1,000 combined BA and CA aircraft. For the fourth quarter, revenues also reached record levels, rising 18 percent from the year before to USD 164.0 million, though the net loss widened to USD 41.1 million from the loss the year earlier of 26.9 million, still hampered by cost for new

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Categories: Mobile & Wireless
Countries: World
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