ballooning vs flight

ballooning and flight both are nouns.

Word	Noun	Adjective	Verb	Adverb
ballooning	Yes	No	No	No
flight	Yes	No	Yes	No

As nouns, flight is a hypernym of ballooning; that is, flight is a word with a broader meaning than ballooning:

Other hypernyms of ballooning include flying.

ballooning (noun)	flight (noun)
flying in a balloon	an instance of traveling by air
	the act of escaping physically
	a scheduled trip by plane between designated airports
	a stairway (set of steps) between one floor or landing and the next
	passing above and beyond ordinary bounds
	an air force unit smaller than a squadron
	a formation of aircraft in flight
	a flock of flying birds
	the path followed by an object moving through space