Mesa Air Group Reports August 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 73.4% increase in block hours for August 2021, totaling 32,501 hours compared to August 2020. This rise is attributed to heightened summer travel and easing COVID-19 restrictions. The controllable completion factor was 99.71% for American operations and 99.66% for United. Year-to-date, block hours rose by 0.8% from 2020 levels. Despite strong performance this month, there were slight declines in year-to-date departures for both American and United compared to the previous fiscal year.

Positive

• 73.4% increase in block hours year-over-year
• Block hours in August 2021 totaled 32,501
• Controllable completion factor at 99.71% for American and 99.66% for United
• Year-to-date block hours up by 0.8% from previous year

Negative

• Year-to-date departures down by 8.0% for American and 7.2% for United

PHOENIX, Sept. 13, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for August 2021.

Mesa Airlines reported 32,501 block hours in August 2021, a 73.4 percent increase from August 2020 as a result of continued increased summer flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 99.71 percent and 99.66 percent for its American and United operations, respectively.

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

	Aug-21	Aug-20	% Change	YTD FY2021	YTD FY2020	% Change
Block Hours
American	12,042	7,136	68.8%	123,421	124,563	-0.9%
United	20,285	11,611	74.7%	168,212	166,767	0.9%
DHL	174	n/a	N/A	2,062	n/a	N/A
Total	32,501	18,747	73.4%	293,695	291,330	0.8%
	Aug-21	Aug-20	% Change	YTD FY2021	YTD FY2020	% Change
Departures
American	6,640	4,089	62.4%	65,648	71,358	-8.0%
United	9,228	5,960	54.8%	78,196	84,222	-7.2%
DHL	122	n/a	N/A	1,349	n/a	N/A
Total	15,990	10,049	59.1%	145,193	155,580	-6.7%
Controllable Completion Factor*
American	99.71%	100.00%	-0.29%	99.46%	99.75%	-0.29%
United	99.66%	99.97%	-0.31%	99.94%	99.94%	0.00%
Total Completion Factor*
American	96.43%	99.46%	-3.05%	96.88%	93.90%	3.17%
United	97.54%	94.98%	2.70%	97.69%	94.97%	2.86%

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

	Aug-21	Jul-21	% Change	QTD FY2021	QTD FY2020	% Change
Block Hours
American	12,042	12,830	-6.1%	24,872	13,364	86.1%
United	20,285	19,798	2.5%	40,084	22,477	78.3%
DHL	174	215	-19.3%	389	n/a	N/A
Total	32,501	32,843	-1.0%	65,345	35,842	82.3%
	Aug-21	Jul-21	% Change	QTD FY2021	QTD FY2020	% Change
Departures
American	6,640	7,074	-6.1%	13,714	7,665	78.9%
United	9,228	8,984	2.7%	18,212	11,663	56.2%
DHL	122	141	-13.5%	263	n/a	N/A
Total	15,990	16,199	-1.3%	32,189	19,328	66.5%
Controllable Completion Factor*
American	99.71%	97.72%	2.0%	98.68%	99.77%	-1.1%
United	99.66%	99.90%	-0.2%	99.78%	99.69%	0.1%
Total Completion Factor*
American	96.43%	96.47%	0.0%	96.45%	99.46%	-3.0%
United	97.54%	98.30%	-0.8%	97.91%	96.60%	1.4%

*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 116 cities in 36 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. At the end of the June 30, 2021 quarter, Mesa operated a fleet of 165 aircraft with approximately 470 daily departures and 3,200 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.

Media
Jacqueline Palmer
corporate.communications@mesa-air.com

FAQ

What is Mesa Air Group's block hours for August 2021?

Mesa Air Group reported a total of 32,501 block hours for August 2021.

How did Mesa Air Group perform in August 2021 compared to August 2020?

Mesa Air Group saw a 73.4% increase in block hours in August 2021 compared to August 2020.

What is the controllable completion factor for Mesa Airlines in August 2021?

The controllable completion factor was 99.71% for American operations and 99.66% for United operations.

What was the year-to-date performance for Mesa Air Group in fiscal year 2021?

Year-to-date block hours increased by 0.8% compared to fiscal year 2020.

What were the departure trends for Mesa Airlines in August 2021?

Departures were down 8.0% for American and 7.2% for United year-to-date compared to the previous year.