Despite the postponement, CEO Michael Colglazier indicates that Virgin Galactic is making good progress with the preparations for those flights. For example, a fleet of spacecraft is being worked on.
Due to the preparations for the commercial flights, Virgin Galactic’s costs rose sharply, while revenues fell. All this led to a loss of 111 million dollars in the second quarter, converted to 108 million euros. A year ago, the loss of the space company was still $94 million.