Mesa Air Group Reports April 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) announced a significant operational improvement for April 2021, reporting 26,883 block hours, a 161.1% increase from the previous year due to a rebound from the COVID-19 pandemic. The controllable completion factors stood at 99.95% and 99.97% for American and United operations. Despite this recovery, year-to-date block hours and departures show a decline of 27.4% and 32.1% respectively compared to the same period in 2020. The report reflects a mixed recovery trajectory.

Positive

• April 2021 block hours increased by 161.1% compared to April 2020.
• Controllable completion factor for American operations is 99.95%.

Negative

• Year-to-date block hours down by 27.7% compared to FY2020.
• Departures decreased by 34.3% year-to-date FY2021 for American operations.

PHOENIX, May 12, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for April 2021.

Mesa Airlines reported 26,883 block hours in April 2021, a 161.1 percent increase from April 2020 as a result of increased flying due to industry recovery from the COVID-19 pandemic. The company also reported a controllable completion factor of 99.95 percent and 99.97 percent for its American and United operations, respectively.

Operating statistics for April 2021 and fiscal year 2021 YTD are included in the table below.

	Apr-21	Apr-20	% Change			YTD FY2021	YTD FY2020	% Change
Block Hours
American	11,066	5,965	85.5%			74,198	102,632	-27.7%
United	15,644	4,331	261.2%			94,645	131,531	-28.0%
DHL	173	n/a	N/A			1,229	n/a	N/A
Total	26,883	10,297	161.1%			170,072	234,163	-27.4%
	Apr-21	Apr-20	% Change			YTD FY2021	YTD FY2020	% Change
Departures
American	6,198	3,333	86.0%			38,546	58,710	-34.3%
United	7,203	2,491	189.2%			44,790	65,274	-31.4%
DHL	120	n/a	N/A			799	n/a	N/A
Total	13,521	5,824	132.2%			84,135	123,984	-32.1%
	Apr-21	Apr-20	% Change			YTD FY2021	YTD FY2020	% Change
Controllable Completion Factor*
American	99.95%	100.00%	-0.05%			99.84%	99.73%	0.1%
United	99.97%	100.00%	-0.03%			99.98%	99.98%	0.0%
Total Completion Factor**
American	98.80%	60.44%	63.5%			96.99%	92.88%	4.4%
United	99.64%	60.99%	63.4%			97.16%	94.39%	2.9%

Operating statistics month over month for the second quarter of fiscal year 2021 and QTD are included in the table below.

	Apr-21	Mar-21	% Change		QTD FY2021	QTD FY2020	% Change
Block Hours
American	11,066	11,989	-7.7%		11,066	5,965	85.5%
United	15,644	15,983	-2.1%		15,644	4,331	261.2%
DHL	173	155	12.0%		173	n/a	N/A
Total	26,883	28,127	-4.4%		26,883	10,297	161.1%
	Apr-21	Mar-21	% Change		QTD FY2021	QTD FY2020	% Change
Departures
American	6,198	6,240	-0.7%		6,198	3,333	86.0%
United	7,203	7,162	-0.6%		7,203	2,491	189.2%
DHL	120	100	-16.7%		120	n/a	N/A
Total	13,521	13,502	-0.1%		13,521	5,824	132.2%
	Apr-21	Mar-21	% Change		QTD FY2021	QTD FY2020	% Change
Controllable Completion Factor*
American	99.95%	99.86%	0.1%		99.95%	100.00%	0.0%
United	99.97%	100.00%	0.0%		99.97%	100.00%	0.0%
Total Completion Factor**
American	98.80%	98.13%	0.7%		98.80%	60.44%	63.5%
United	99.64%	99.58%	0.1%		99.64%	60.99%	63.4%

*Controllable Completion Factor excludes cancellations due to weather and air traffic control
**Total Completion Factor includes all cancellations

About Mesa Air Group, Inc.

Headquartered in Phoenix, Arizona, Mesa Air Group, Inc. is the holding company of Mesa Airlines, a regional air carrier providing scheduled passenger service to 95 cities in 35 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of April 30th, 2021, Mesa operated a fleet of 163 aircraft with approximately 450 daily departures and 3,100 employees. Mesa operates all of its flights as either American Eagle, United Express, or DHL Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc., United Airlines, Inc., and DHL.

Investor Relations
Susan Donofrio
susan.donofrio@fticonsulting.com

Media
Megan Bilbao
Media@mesa-air.com

FAQ

What was Mesa Air Group's block hours in April 2021?

Mesa Air Group reported 26,883 block hours in April 2021, a 161.1% increase from April 2020.

How did Mesa Air Group's performance compare to the previous year?

Mesa's performance improved significantly, with block hours increasing 161.1%, but year-to-date metrics show declines.

What is the controllable completion factor for Mesa Air Group?

The controllable completion factor for American and United operations was 99.95% and 99.97% respectively in April 2021.

What percentage decline did Mesa Air Group see in year-to-date block hours?

Mesa Air Group experienced a 27.7% decline in year-to-date block hours compared to FY2020.