Ryanair (RYAAY) Plans to Add In-Flight Entertainment, WiFi (GOGO)
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Gogo (Nasdaq: GOGO) is on watch Tuesday following news that Ryanair (Nasdaq: RYAAY) is planning to add in-flight entertainment and possibly WiFi as it works to become more consumer friendly.
Reuters noted that Ryanair has cut penalty charges, revamped its website, and tripled its marketing budget in an effort to attract more business travelers and families.
Services might be added for free and subsidized by advertisements run by companies in the destination city.
It wasn't made clear whether Gogo would be part of Ryanair's plan. Shares are down 2 percent Tuesday.
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