Mesa Air Group Reports February 2021 Operating Performance

Rhea-AI Summary

On March 8, 2021, Mesa Air Group, Inc. (NASDAQ: MESA) reported significant declines in operational performance for February 2021. The airline logged 20,457 block hours, reflecting a 44.0% decrease compared to February 2020, mainly due to reduced schedules stemming from the COVID-19 pandemic and severe winter storms. The controllable completion factor was 99.62% for American operations and 99.97% for United operations. Year-to-date (YTD) block hours also fell by 39.6% to 115,062 from the previous year.

Positive

• Controllable completion factor for American operations at 99.62%, indicating high reliability.
• U.S. operations maintained a strong controllable completion factor of 99.97% for United.

Negative

• Block hours decreased by 44.0% compared to February 2020, signaling a significant drop in activity.
• Total departures fell by 48.4%, which could indicate reduced demand and operational challenges.
• Year-to-date block hours declined by 39.6%, suggesting ongoing struggles in maintaining operational capacity.

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

Mesa Airlines reported 20,457 block hours in February 2021, a 44.0 percent drop from February 2020 as a result of reduced schedules during the COVID-19 pandemic and the winter storms from February 14^th to February 19^th. The company also reported a controllable completion factor of 99.62 percent and 99.97 percent for its American and United operations, respectively.

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

	Feb-21		Feb-20		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
AA	8,688		15,784		-45.0	%		51,143		81,604		-37.3	%
UA	11,571		20,768		-44.3	%		63,018		108,798		-42.1	%
DHL	198		n/a		N/A			901		n/a		N/A
Total	20,457		36,552		-44.0	%		115,062		190,403		-39.6	%
	Feb-21		Feb-20		% Change			YTD FY2021		YTD FY2020		% Change
Departures
Departures - AA	4,230		8,800		-51.9	%		26,108		46,986		-44.4	%
Departures - UA	5,221		9,747		-46.4	%		30,425		54,065		-43.7	%
Departures - DHL	121		n/a		N/A			579		n/a		N/A
Total	9,572		18,547		-48.4	%		57,112		101,051		-43.5	%
Controllable Completion Factor*
American	99.62	%	99.98	%	-0.36	%		99.81	%	99.69	%	0.12	%
United	99.97	%	99.96	%	0.01	%		99.98	%	99.98	%	0.00	%
Total Completion Factor**
American	87.78	%	99.33	%	-11.63	%		96.30	%	98.09	%	-1.82	%
United	83.01	%	99.65	%	-16.70	%		96.05	%	99.46	%	-3.43	%

*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 114 cities in 39 states, the District of Columbia, the Bahamas, Canada, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of February 28th, 2021, Mesa operated a fleet of 160 aircraft with approximately 393 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
Susan Donofrio
Investor.Relations@mesa-air.com

Media
Megan Bilbao
Media@mesa-air.com

 

FAQ

What were Mesa Air Group's block hours for February 2021?

Mesa Air Group reported 20,457 block hours in February 2021.

How did the block hours in February 2021 compare to February 2020?

Block hours in February 2021 decreased by 44.0% compared to February 2020.

What is the controllable completion factor for Mesa Air Group's American operations?

The controllable completion factor for American operations was 99.62%.

What impact did the winter storms have on Mesa Air Group's operations?

The winter storms contributed to reduced schedules, impacting operational performance.

What was the percentage change in total departures in February 2021 for Mesa Air Group?

Total departures fell by 48.4% in February 2021 compared to the previous year.