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ViaSat (VSAT) Rises, Gogo (GOGO) Falls on American Airlines (AAL) Wi-Fi Deal

Expect faster and more affordable in-flight Internet

ViaSat Inc (NASDAQ:VSAT) had a good day as the company inked a contract with American Airlines Group Inc (NASDAQ:AAL).

ViasatRivals Gogo (NASDAQ:GOGO) and its shares were hit hard on the news that ViaSat has been chosen as the in-flight provider of Wi-Fi for American Airlines.

The move will mark a step up in the world of in-flight Internet service as it is expected to be much faster and affordable compared to current in-flight Wi-Fi options.

Gogo was also affected by the Securities and Exchange Commission, which revealed in a filing that the company could lose a large chunk of its American Airlines business.

VSAT stock is up 4.5% Friday. GOGO stock is down 16.1% and AAL stock is down 2.7%.

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