Gogo, which provides in-flight wifi for commercial and private jets in the US, reported financial results for 2011 in a filing with the SEC on Thursday. Revenue increased 69% to $160 million and the operating loss narrowed from $77 million to $34 million. The number of connected commercial aircraft increased 27% to 1,345 and the number of connected private aircraft increased 15% to 5,593. The average revenue per passenger for commercial flights also rose, from $0.32 to $0.43.
In the filing, Gogo revealed that it would seek a listing on the NASDAQ. The Itasca, IL-based company made its initial filing in December 2011 for a $100 million IPO. Morgan Stanley, J.P. Morgan and UBS are the joint bookrunners on the deal.
