UPDATE May 9: Gogo's stock was down 35% after continued selling on May 8 as investors digested the implications of the company's May 4 conference call and a Moody's downgrade of Gogo's debt. Moody's noted the company's 12.9x leverage, the competitive IFC environment and the likely negative free cash flow "into at least 2019" as it rolls out IFC to airlines.
PARIS — In a cautionary tale for designers of future satellite broadband constellations, in-flight-connectivity provider Gogo Inc. on May 4 said its 2Ku flat-panel-antenna . . .
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