- In-flight connectivity firm Gogo (NASDAQ:GOGO) has jumped 21% on its report that American Airlines (AAL +1.9%) has dismissed a declaratory judgment action it filed against Gogo earlier this month.
- Gogo had tumbled in trading last week on news it was being sued by American with regard to the contract between the two. American had claimed it found a faster Internet service in ViaSat (VSAT), whose shares are sinking 4.6% on the latest news.
- Previously: Gogo -30% as American plans to drop its in-flight service for ViaSat (Feb. 16 2016)