By midmorning, shares had added 7.6% to $12.84.
Over the three months to March, the provider of in-flight WiFi recorded a net loss of 20 cents a share, a nickel narrower than analysts surveyed by Thomson Reuters anticipated.
Revenue of $95.7 was 35.2% higher year over year and beat estimates of $94 million.
Management also reiterated guidance for revenue between $400 million and $422 million. Analysts expect $412.9 million.
Shares of the company plunged in late April on the news AT&T (T) was delving into the market and planned to price its in-flight internet services aggressively.
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