Mesa Airlines Reports 23% Block Hours Growth In November

Mesa Air Group Inc's MESA Mesa Airlines reported 28,465 block hours in November 2021, an increase of 23% year-over-year, attributable to continued increased flying and the relaxation of certain COVID restrictions.
The company reported a controllable completion factor of 98.58% and 98.48% for its American and United operations, respectively.
Departures in November 2021 increased 22.1% to 14,532 compared to 11,906 in November 2020.
Block hours in November for American Airlines Group Inc AAL operations grew 5.9% Y/Y, United Airlines Holdings Inc. UAL operations increased by 37.9% Y/Y.
Meanwhile, Block hours in November declined 7.3%, and Departures fell 6.5% versus October 2021.
Price Action: MESA shares are trading lower by 5.97% at $5.20 on the last check Monday.