Mesa Air Group Reports December 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group (NASDAQ: MESA) reported its operational performance for December 2021, with a total of 26,920 block hours, representing a 3.8% increase from December 2020. Despite operational challenges related to Covid-19, the controllable completion factor was 93.05% for American operations and 97.89% for United operations. Comparing year-to-date figures, block hours increased by 24.3% from the prior year. The report highlights both operational growth and ongoing impacts from the pandemic.

Positive

• Total block hours increased by 3.8% year-over-year in December 2021.
• Year-to-date block hours increased by 24.3% compared to FY2021.
• United operations saw a significant 21.8% increase in block hours.

Negative

• American block hours decreased by 15.6% in December 2021 compared to December 2020.
• Controllable completion factor for American operations declined by 6.8% year-over-year.
• Overall total completion factor for American operations dropped by 6.8%.

PHOENIX, Jan. 21, 2022 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for December 2021.

Mesa Airlines reported 26,920 block hours in December 2021, a 3.8 percent increase from December 2020. Covid-19 and its impact on employee attendance was a primary factor behind Mesa’s controllable completion factor of 93.05 percent and 97.89 percent for its American and United operations, respectively.

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

	Dec-21		Dec-20		% Change		YTD FY2022		YTD FY2021		% Change
Block Hours
American	10,470		12,400		-15.6	%	33,129		31,368		5.6	%
United	16,221		13,316		21.8	%	52,294		37,389		39.9	%
DHL	229		217		5.3	%	655		490		33.7	%
Total	26,920		25,933		3.8	%	86,079		69,247		24.3	%
	Dec-21		Dec-20		% Change		YTD FY2022		YTD FY2021		% Change
Departures
American	5,621		6,303		-10.8	%	18,334		16,381		11.9	%
United	7,600		6,374		19.2	%	24,678		18,644		32.4	%
DHL	152		144		5.6	%	435		319		36.4	%
Total	13,373		12,821		4.3	%	43,447		35,344		22.9	%
Controllable Completion Factor*
American	93.05	%	99.87	%	-6.8	%	97.17	%	99.81	%	-2.6	%
United	97.89	%	100.00	%	-2.1	%	98.33	%	99.98	%	-1.7	%
Total Completion Factor*
American	91.47	%	98.15	%	-6.8	%	95.76	%	98.30	%	-2.6	%
United	96.62	%	98.75	%	-2.2	%	97.58	%	99.36	%	-1.8	%

Operating statistics month over month for the first quarter of fiscal year 2022 and QTD are included in the table below.

	Dec-21		Nov-21		% Change		QTD FY2022		QTD FY2021		% Change
Block Hours
American	10,470		11,276		-7.1	%	33,129		31,368		5.6	%
United	16,221		16,969		-4.4	%	52,294		37,389		39.9	%
DHL	229		220		3.9	%	655		490		33.7	%
Total	26,920		28,465		-5.4	%	86,079		69,247		24.3	%
	Dec-21		Nov-21		% Change		QTD FY2022		QTD FY2021		% Change
Departures
American	5,621		6,339		-11.3	%	18,334		16,381		11.9	%
United	7,600		8,046		-5.5	%	24,678		18,644		32.4	%
DHL	152		147		3.4	%	435		319		36.4	%
Total	13,373		14,532		-8.0	%	43,447		35,344		22.9	%
Controllable Completion Factor*
American	93.05	%	98.58	%	-5.6	%	97.17	%	99.81	%	-2.6	%
United	97.89	%	98.48	%	-0.6	%	98.33	%	99.98	%	-1.7	%
Total Completion Factor*
American	91.47	%	97.70	%	-6.4	%	95.76	%	98.30	%	-2.6	%
United	96.62	%	98.01	%	-1.4	%	97.58	%	99.36	%	-1.8	%

*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 120 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 December 31, 2021, Mesa operated a fleet of 166 aircraft with approximately 457 daily departures and 3,000 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
Media@mesa-air.com

Investors
Susan Donofrio
IR@mesa-air.com

FAQ

What were Mesa Air Group's block hours in December 2021?

Mesa Air Group reported 26,920 block hours in December 2021, a 3.8% increase from December 2020.

How did Covid-19 impact Mesa Airlines' operations in December 2021?

Covid-19 affected employee attendance, contributing to a controllable completion factor of 93.05% for American operations.

What was the year-to-date change in block hours for Mesa Airlines?

The year-to-date block hours for Mesa Airlines increased by 24.3% compared to the previous fiscal year.

How did Mesa Airlines' performance in December 2021 compare to December 2020?

In December 2021, Mesa Airlines experienced a 3.8% increase in block hours compared to December 2020.

What was the completion factor for United operations in December 2021?

United operations had a controllable completion factor of 97.89% in December 2021.