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Virgin Galactic sinks 17% after the space tourism company announces plan to raise up to $500 million in debt

2 days ago   |   By Business Insider

Virgin Galactic
Virgin Galactic shares fell 17% on Thursday after the company outlined plans to fundraise through debt.
The stock was pressured by dilution concerns as the space tourism company's bonds can be converted to equity.
Virgin Galactic is aiming to launch commercial services this year.
Virgin Galactic shares tumbled Thursday after the space tourism company outlined plans to raise up to $500 million in debt, driving the stock price down even further early in the 2022 trading year. The company plans private offerings of $425 million in convertible senior notes that will mature in...
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Delta is paying $1,250 bonuses to all of its more than 75,000 employees - despite a $408 million loss in the final quarter of the year

2 days ago   |   By Business Insider

A Delta aircraft. James D. Morgan/Getty Images
Delta plans to divvy out $108 million to employees in profit-sharing, or about $1,250 per person.
The bonus is well below the record $1.6 billion the airline shared with staff after 2019's year-end earnings.
The airline reported a pretax profit in the second half of 2021, though it lost $408 million in Q4.
Delta Air Lines managed to post a profit in 2021, and it plans to share some of it with employees. Delta revealed its fourth-quarter earnings on Thursday , reporting a loss of $408 million. The loss was partially due to a combination of...
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AMC CEO Adam Aron says he's finished selling shares after offloading another $7.1 million worth of stock in the movie theater chain

2 days ago   |   By Business Insider

AMC CEO Adam Aron. Alberto E. Rodriguez / Getty Images
AMC CEO Adam Aron has sold another $7.1 million shares in the company this week.
The latest sale means he's offloaded more than $40 million worth of shares in the last few months.
Aron said the sales were pre-planned and said he's finished selling for now.
Sign up here for our daily newsletter, 10 Things Before the Opening Bell .
AMC Entertainment boss Adam Aron sold another $7.1 million worth of shares in his movie-theater company and said he's done selling for now. Aron, an icon among the millions of retail traders backing his...
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Norwegian cancels sailing mid-cruise

Norwegian cancels sailing mid-cruise

Aimee Focaraccio boarded the Norwegian Gem on Sunday for her 10-day birthday cruise from New York. Read more ...

GlobalData: Omicron to deter global economic recovery in 2022

GlobalData: Omicron to deter global economic recovery in 2022

Despite visible green shoots in key macroeconomic indicators in the first half, the emergence of new COVID-19 variant Omicron and its fast spread has made the global economic... Read more ...

Nobu Hospitality announces a new hotel in Spain

Nobu Hospitality announces a new hotel in Spain

Nobu Hospitality, the global lifestyle brand founded by Nobu Matsuhisa, Robert De Niro and Meir Teper, has announced its fourth Spanish hotel and restaurant-Nobu Hotel and... Read more ...

Hong Kong suspends transit flights from most of the world as COVID-19 escalates

Hong Kong suspends transit flights from most of the world as COVID-19 escalates

Hong Kong will suspend for a month transit flights from around 150 countries and territories considered high risk because of the escalation of the coronavirus variant Omicron... Read more ...

France issues new travel rules for Brit visitors

France issues new travel rules for Brit visitors

France is easing COVID-19 restrictions that have been introduced on December 18, effectively limiting all non-essential travel between the two countries amid fears about the... Read more ...

European carriers flying thousands of near-empty planes

European carriers flying thousands of near-empty planes

Airlines in Europe this winter are flying passenger planes that are at times nearly empty in order to hold onto coveted take-off and landing spots at airports during a time of... Read more ...

ASEAN Tourism Forum 2022 takes place in Sihanoukville, Cambodia

ASEAN Tourism Forum 2022 takes place in Sihanoukville, Cambodia

ATF 2022 will be held under the theme “ASEAN - A Community of Peace and Shared Future”. The Sokha Beach Resort, in Sihanoukville, houses the largest meeting space in the... Read more ...

Caribbean Airlines introduces Boeing 737 Max

Caribbean Airlines introduces Boeing 737 Max

Caribbean Airlines has carried out its initial revenue flight with the fleet's first Boeing 737 Max 8. The airline, which is headquartered in Port of Spain in Trinidad &... Read more ...

Norwegian cancels sailing mid-cruise

Norwegian cancels sailing mid-cruise

Aimee Focaraccio boarded the Norwegian Gem on Sunday for her 10-day birthday cruise from New York. But the celebration ended Thursday when Norwegian let passengers know the... Read more ...

Here Are Best Drive-Thru Restaurants in America

Here Are Best Drive-Thru Restaurants in America

A drive-thru meal can be everything from an on-the-go treat to sustenance on a long journey home. But, where is the best place to stop for your mid-trip fill? Read more ...