American Airlines has filed suit to terminate its contract with the inflight internet service provider Gogo. According to the Fort Worth Star-Telegram, American’s filing claims that its contract with Gogo allows the airline to terminate or renegotiate their agreement if the airline is able to find better internet service with another provider.
As a result, shares of Gogo’s stock have plummeted more than 30% in pre-market trading.
More to come…
NOW WATCH: Watch Hillary Clinton threaten to ‘go after’ one of the most controversial drug companies in America
NOW WATCH: Money & Markets videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.