American Airlines may dump Gogo, and the internet service provider's shares are crashing

Shares of inflight internet service provider Gogo are plunging after a report that American Airlines may be looking to go elsewhere for inflight Wi-Fi. American has notified Gogo of a competitive offering from another company, according to a suit filed by the airline. The filing claims that American's contract with Gogo allows the airline to terminate or renegotiate the agreement if the airline is able to find better internet service with another provider. American is seeking a declaratory judgment from a judge to uphold that provision. "Gogo may respond with a proposal, and we will evaluate all of our options," American said. American indicated that the company may use ViaSat's inflight internet service instead. <br/>