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

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

Rivals 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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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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