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Mar 31, 2020
Gogo Q1 2020 Earnings Report
Gogo's financial performance declined due to the impact of COVID-19 and other factors, but the company took actions to reduce costs and maintain its franchise.
Key Takeaways
Gogo's Q1 2020 results were impacted by the COVID-19 pandemic, with consolidated revenue of $184.5 million and a net loss of $84.8 million. The company implemented cost-saving measures, including workforce furloughs and compensation reductions, to mitigate the impact of the pandemic.
Consolidated revenue reached $184.5 million.
Net loss was $84.8 million, including charges related to asset impairment and credit loss reserves.
Adjusted EBITDA was $25.7 million.
Free Cash Flow was $22.7 million.
Revenue by Segment
Forward Guidance
Due to the significant impact of the COVID-19 pandemic on global air travel, Gogo is not providing 2020 financial guidance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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