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Virgin Galactic falls after commercial flight delay

Bloomberg Virgin Galactic Holdings Inc is pushing the start of commercial flights further into next year after rescheduling a test flight, disappointing investors with the unexpected delay to its space tourism business plans. A program to upgrade the company’s spaceplane is taking place a month later than anticipated, forcing the delay of a planned research mission with a crew of ...

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United Airlines bets big on European vacations

Bloomberg United Airlines Holdings Inc is planning its largest expansion into Europe, anticipating a surge of pent-up demand following two years of weak bookings because of the coronavirus pandemic. The significant trans-Atlantic capacity increase reflects the airline’s expectation that next summer will deliver record traffic. Flights essentially shut down industrywide in 2020 and capacity was limited last year because of ...

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John Lewis Partnership loss narrows with turnaround

Bloomberg John Lewis Partnership Plc’s loss narrowed in the first half as the British retailer’s turnaround efforts started to pay off. The operator of the John Lewis department store and upmarket grocer Waitrose said the 29 million-pound ($40 million) pretax loss came after taking almost 100 million pounds of exceptional costs related to store closures and redundancy payments. This is ...

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