– Virgin Galactic Holdings Inc on Thursday once more delayed the business launch of its house flight to the second quarter of 2023 from the primary quarter, sending the shares of the house tourism agency 6% decrease after the bell.
The corporate based by billionaire Richard Branson had in Could cited supply-chain disaster and labor scarcity to place off the launch to the primary quarter of 2023. Earlier than that, it had delayed flights to the fourth quarter of 2022.
“Whereas our short-term plans now name for business service to launch within the second quarter of 2023, progress on our future fleet continues,” Chief Govt Michael Colglazier mentioned.
Virgin Galactic had in February re-opened ticket gross sales to the general public for house journey, setting costs at $450,000 per individual with an preliminary deposit of $150,000.
The corporate additionally reported a much bigger web lack of $110.7 million within the second quarter in comparison with $94 million a 12 months earlier.
Final month, it entered right into a pact with Boeing Co subsidiary Aurora Flight Sciences to construct its new twin-fuselage service airplane that can ferry its next-generation spaceship to house.
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