Mesa Airlines Reports ~4% Block Hours Growth In December

Mesa Air Group Inc's MESA Mesa Airlines reported 26,920 block hours in December 2021, an increase of 3.8% year-over-year.
The company reported a controllable completion factor of 93.05% and 97.89% for its American Airlines Group Inc AAL and United Airlines Holdings Inc UAL operations, respectively.
Departures in December 2021 increased 4.3% to 13,373 compared to 12,821 in December 2020.
Block hours in December for American operations declined 15.6% Y/Y, and United operations increased by 21.8% Y/Y.
Meanwhile, Block hours in December declined 5.4%, and Departures fell 8% versus November 2021.
Price Action: MESA shares are trading lower by 2.15% at $5.01 on the last check Friday.