Gogo: Passenger take-rate up, costs are, too; AA hit in 2018; free cash flow in late 2019

by Peter B. de Selding

UPDATE: Gogo announced March 5 that Chief Executive Michael Small would be leaving, effective immediately, and would be replaced by long-time board member Oakleigh Thorne. No reason was given for Small's departure; indications are that it was sudden and unpleasant.

Here is Gogo's statement, issued March 6, on Small's separation package -- contingent on his not suing the company:

"Under the separation agreement, Mr. Small will receive (i) a payment of $58,333 in lieu of the requirement to provide 30 days’ notice of termination, (ii) payment of his accrued and unpaid annual bonus for . . .

To view the entire article, become a subscriber!

You may also like

Free one week full access pass

Curious what being a member of SpaceIntelReport is like?  We have a free one week access pass, just for you.