shares of charter flight operator surf air mobility were down 23 to 244 in their second day on the new york stock exchange surf air closed at 315 on thursday after opening at 5 the company had a direct listing an alternative to a traditional initial public offering according to factset surf air has about 491 million shares outstanding the company said in 2022 that it would merge with commuter airline southern airways in a recent securities filing surf air said the merger would take place immediately prior to the direct listing