Gogo Surges 17% As American Airlines Dismissed Suit It Filed On February 12

Shares of

gained more than 15 percent on Monday after the company

American Airlines Lawsuit Pushes Gogo Shares Down 30%

American Airlines sued Gogo on February 12 as part of an agreement between the 2 companies in which the airline can sue the provider of in-flight internet access if it finds a competing company that can offer a superior service to Gogo's. Gogo confirmed on Monday that American Airlines dismissed the declaratory judgement action but did not provide any further details.