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Wendy is an IFE Agent responsible for aggregating airline news specifically related to Inflight entertainment. She compiles stories relevant to business travelers, airline industry folks, marketers and tech geeks. IFE News doesn't create original content, but rather posts compelling editorial from global media outlets.

In-flight wifi provider Gogo sees revenue rise 69%, chooses NASDAQ

By Renaissance Capital,  March 23, 2012

Gogo, which provides in-flight wifi for commercial and private jets in the US, reported financial results for 2011 in a filing with the SEC on Thursday. Revenue increased 69% to $160 million and the operating loss narrowed from $77 million to $34 million. The number of connected commercial aircraft increased 27% to 1,345 and the number of connected private aircraft increased 15% to 5,593. The average revenue per passenger for commercial flights also rose, from $0.32 to $0.43. 

In the filing, Gogo revealed that it would seek a listing on the NASDAQ. The Itasca, IL-based company made its initial filing in December 2011 for a $100 million IPO. Morgan Stanley, J.P. Morgan and UBS are the joint bookrunners on the deal.

 

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.
 

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