Mesa Air Group Reports August 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant 52.1% decline in block hours for August 2020, totaling 18,747 hours due to reduced schedules amidst the COVID-19 pandemic. The company's controllable completion factors reached 100% for American and 99.97% for United operations. Year-to-date, Mesa's block hours also experienced a 30.6% drop compared to the previous year. Despite the challenges, Mesa operates a fleet of 145 aircraft with approximately 324 daily departures and continues to serve 88 cities in the U.S. and Mexico.

Positive

• Controllable completion factor of 100% for American operations shows operational reliability.
• Controllable completion factor of 99.97% for United operations indicates strong performance.

Negative

• Block hours declined by 52.1% year-over-year in August 2020.
• YTD block hours decreased by 30.6% compared to the previous year.
• Significant reductions in departures, with a 59.4% drop for American and 48.7% decline for United.

PHOENIX, Sept. 10, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for August 2020.

Mesa Airlines reported 18,747 block hours in August 2020, a 52.1 percent drop from August 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 100 percent and 99.97 percent for its American and United operations, respectively.

Operating statistics for August 2020 and fiscal year 2020 YTD are included in the table below.

	Aug-20		Aug-19		% Change			YTD FY2020		YTD FY2019		% Change
Block Hours
American	7,136		16,968		-57.9	%		124,563		182,857		-31.9	%
United	11,611		22,207		-47.7	%		166,767		236,894		-29.6	%
Total	18,747		39,176		-52.1	%		291,330		419,751		-30.6	%
	Aug-20		Aug-19		% Change			YTD FY2020		YTD FY2019		% Change
Departures
American	4,089		10,081		-59.4	%		71,358		105,962		-32.7	%
United	5,960		11,611		-48.7	%		84,222		120,168		-29.9	%
Controllable Completion Factor*
American	100.00	%	97.10	%	3.0	%		99.75	%	98.87	%	0.9	%
United	99.97	%	98.98	%	1.0	%		99.94	%	99.52	%	0.4	%
Total Completion Factor**
American	99.46	%	94.96	%	4.7	%		93.90	%	95.68	%	-1.9	%
United	94.98	%	98.07	%	-3.2	%		94.97	%	98.27	%	-3.4	%

*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 88 cities in 38 states, the District of Columbia and Mexico. As of August 31, 2020, Mesa operated a fleet of 145 aircraft with approximately 324 daily departures and 3,400 employees. Mesa operates all of its flights as either American Eagle or United Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc. and United Airlines, Inc.

Investor Relations
Brian Gillman
Investor.Relations@mesa-air.com

Media
Jack Hellie
Media@mesa-air.com

FAQ

What were Mesa Air Group's block hours for August 2020?

Mesa Air Group reported block hours of 18,747 for August 2020, a 52.1% decline from August 2019.

How did Mesa Air Group's controllable completion factors perform in August 2020?

Mesa reported a controllable completion factor of 100% for American operations and 99.97% for United operations.

What is the year-to-date decline in block hours for Mesa Air Group in 2020?

The year-to-date decline in block hours for Mesa Air Group is 30.6% compared to the same period in 2019.

How many aircraft does Mesa Air Group operate?

As of August 31, 2020, Mesa Air Group operates a fleet of 145 aircraft.

How many daily departures does Mesa Air Group have?

Mesa Air Group has approximately 324 daily departures.