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Virgin Galactic Holdings Inc (NYSE: SPCE) delayed the beginning of its commercial flights by another three months.
The space tourism company said that the commercial flights will now be available in the second quarter of 2023. The company blamed delays in work refurbishing its carrier aircraft.
Virgin Galactic had earlier pushed the date from the fourth quarter of this year to the first quarter of next year.
Shares of the company fell more than 10% in after-hours trading.
The company posted adjusted EBITDA loss of $93 million in the second quarter, higher than $77 million in the previous quarter.
Picture Credits: Virgin Galactic
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