Raymond James analyst Savanthi Syth downgraded Mesa Air Group Inc (NASDAQ:MESA) to Market Perform from Outperform without a price target, reflecting regional…
Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for December 2021.
Mesa Airlines reported 26,920 block hours in December 2021, a 3.8 percent increase
Airline stocks lagged the broad market recovery in 2021, and the COVID-19 omicron variant outbreak in the fourth quarter negatively impacted the global travel industry for the holiday season.
One analyst said Friday that some airline stocks may finally be cleared for takeoff in 2022.
Airline stock investors hoping for a return to normalcy in 2022 got some very bad news in late November when scientists discovered the omicron variant of COVID-19. The omicron news was a devastating blow for airline stock investors, but Bank of America analyst Andrew Didora said Tuesday that omicron has seemingly emboldened airline stock short sellers.
Gainers
SigmaTron International, Inc. (NASDAQ: SGMA) jumped 84.7% to settle at $14.94 on Friday after the company reported Q2 EPS and sales results were higher year over year.