Mesa Air Group Reports December 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant 33.9% decline in block hours for December 2020, totaling 25,933 hours compared to December 2019, largely due to reduced operations amid the COVID-19 pandemic. The controllable completion factor stood at 99.87% for American operations and 100% for United operations. Year-to-date fiscal 2021 figures also reflect a downturn, with total block hours dropping 40.1% compared to the previous year. Mesa Airlines operates under American Eagle, United Express, and DHL Express, utilizing a fleet of 161 aircraft.

Positive

• Controllable completion factors remained high at 99.87% for American operations and 100% for United operations.
• Mesa Airlines maintains a diverse operation through American Eagle, United Express, and DHL Express, providing services to 116 cities.

Negative

• Block hours decreased by 33.9% in December 2020 compared to December 2019.
• Year-to-date fiscal 2021 block hours are down 40.1% compared to fiscal 2020.
• American block hours fell by 36.5% and United's by 43.5% year-to-date, indicating a significant operational downturn.

PHOENIX, Jan. 08, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for December 2020.

Mesa Airlines reported 25,933 block hours in December 2020, a 33.9 percent drop from December 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.87 percent and 100 percent for its American and United operations, respectively.

Operating statistics for December 2020 and fiscal year 2021 YTD are included in the table below.

	Dec-20	Dec-19	% Change		YTD FY2021	YTD FY2020	% Change
Block Hours
American	12,400	16,907	-26.7%		31,368	49,423	-36.5%
United	13,316	22,305	-40.3%		37,389	66,139	-43.5%
DHL	217	n/a	N/A		490	n/a	N/A
Total	25,933	39,212	-33.9%		69,247	115,562	-40.1%
	Dec-20	Dec-19	% Change		YTD FY2021	YTD FY2020	% Change
Departures
American	6,303	9,689	-34.9%		16,381	29,013	-43.5%
United	6,374	11,113	-42.6%		18,644	33,712	-44.7%
DHL	144	n/a	N/A		319	n/a	N/A
Total	12,821	20,802	-38.4%		35,344	62,725	-43.7%
Controllable Completion Factor*
American	99.87%	99.68%	0.19%		99.81%	99.53%	0.28%
United	100.00%	99.98%	0.02%		99.98%	99.99%	-0.01%
Total Completion Factor**
American	98.15%	97.59%	0.57%		98.30%	97.82%	0.49%
United	98.75%	99.45%	-0.70%		99.36%	99.52%	-0.16%

*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 42 states, the District of Columbia, the Bahamas, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of December 31st, 2020, Mesa has a fleet of 161 aircraft with approximately 420 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.

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

Media
Matthew Harris
Media@mesa-air.com

FAQ

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

Mesa Air Group reported 25,933 block hours for December 2020, a 33.9% decrease from December 2019.

How did Mesa Airlines perform in the year-to-date fiscal 2021?

In year-to-date fiscal 2021, Mesa Airlines experienced a 40.1% decline in total block hours compared to the previous fiscal year.

What is the controllable completion factor for Mesa Airlines in December 2020?

Mesa Airlines reported a controllable completion factor of 99.87% for American operations and 100% for United operations in December 2020.

Which airlines operate under Mesa Air Group?

Mesa Airlines operates under American Eagle, United Express, and DHL Express agreements.