Main to remember
- Virgin Galactic Results and the plans for future thefts sent shares of the Spatial Tourism Society EVERENING 35% on Friday.
- The company founded by billionaire Richard Branson posted lower loss and higher than expected income.
- Virgin Galactic plans to start flights with its new Delta classroom vessels next year and plans to charge more than the previous $ 600,000 for passenger tickets.
The actions of Virgin Galactic Holdings (SPCE) took off on Friday, one day after the spatial tourism supplier has reported better than expected, reduced costs and announced its flight plans. The company will also increase travel prices next year.
The company launched by billionaire Richard Branson posted a loss of $ 2.38 per share of the first quarter, much closer than $ 5.10 per share last year and $ 0.30 per share lower than the estimated Visible Alpha consensus.
Income dropped from 77% in annual shift to $ 461,000, but this has also exceeded forecasts. The company explained that the decrease was the result of its break in commercial flights so that it can focus on the production of its new Delta classroom vessels. Operating expenses have slipped from 21% to 88.9 million dollars.
Virgin Galactic said he was planning to pilot his first Delta classroom vessels with useful loads in the summer of 2026, with passenger flights provided for the fall. The company noted that it is also halfway through a feasibility study of the addition of a second space in Italy.
When calling the profits, CEO Michael Colglazier said that the price of Delta flights “was not set, although we expected the price to increase compared to our last price of $ 600,000”, according to a transcription provided by AlphaSense.
Despite today’s overvoltage, Virgin Galactic Holdings’ actions have lost about a quarter of their value this year.
Tradingview
