Gogo expects to benefit from rising demand for in-flight internet

(Reuters) - Gogo Inc , an in-flight internet services provider, gave a full-year revenue forecast range that was largely above analysts' average expectation, driven by a surge in demand from commercial and business aviation clients. Gogo forecast revenue of $490-$510 million for the year ending Dec. 31, compared with analysts' average estimate of $491.5 million, according to Thomson Reuters I/B/E/S. Gogo gets more than half of its revenue from offering services and selling equipment to commercial aircraft customers in North America, but has been expanding that service overseas as well. The company, whose customers include American Airlines , Virgin America and Air Canada has been spending more on the expansion, for connectivity fees and regulatory approvals. Gogo, which also has a business aviation business, said it expects to offer its services on 125 additional commercial aircraft outside North America this year, doubling its count from 85 at the end of 2014.

via Tech News Headlines - Yahoo News http://ift.tt/1DZqyr9