Analyst: Gogo's growth appears to be stalling

Gogo, one of the leading providers of in-flight Internet service, may be headed for a rocky landing, according to an analysis by TMF Associates analyst Tim Farrar. While much attention has been given this week to Gogo's announcement that it will support in-flight Wi-Fi in Canada, Farrar's analysis focused on the company's recent filing with the Securities and Exchange Commission on its results for the first half of 2012. Farrar noted that Gogo's take rate and its average revenue per passenger both fell in the second quarter compared with first quarter. "If the revenue per passenger carried does not grow after the price increases Gogo implemented during the second quarter of 2012, then this raises the question of whether we may already be close to the point at which Gogo's average revenue per plane cannot be increased much further," he writes. Article