Gogo Inc. (NASDAQ:GOGO) Q3 2019 Earnings Conference Call - Final Transcript

Nov 07, 2019 • 08:30 am ET


Gogo Inc. (NASDAQ:GOGO) Q3 2019 Earnings Conference Call - Final Transcript


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Oakleigh Thorne

ownership but it's also a relatively unpenetrated market and has ample runway for growth. Second Commercial Aviation Rest of World is growing. It's also an extremely large and unpenetrated market. And with our global 2Ku platform our progress in line-fit and our strong backlog we're well positioned to win our share of that attractive market. Third Commercial Aviation North America revenue is bottoming out as the impact of American Airlines deinstalls and their conversion to the airline-directed model is finally behind us. And we expect to start growing revenue again next year. Fourth we've strengthened our balance sheet given ourselves strategic flexibility by pushing our senior notes out to 2024 and further strengthened our balance sheet this quarter by closing our $30 million ABL. And finally by virtue of our industry-leading market share and our asset-light operating model we're well positioned to take advantage of the opportunities for this by the satellite industry. And we look forward to demonstrating that to you in the quarters to come. Thanks again for your time. And look forward to talking to you again next quarter.


[Operator Closing Remarks]