Mesa Air Group Reports January 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 33.8% decline in block hours for January 2021, totaling 25,359 hours compared to January 2020. This reduction is attributed to COVID-19 pandemic impacts and adjusted flight schedules. The controllable completion factor was 99.96% for American operations and 100% for United. Year-to-date figures also show a decline, with a 38.5% decrease in total block hours compared to the previous fiscal year.

Positive

• Controllable completion factor for American operations at 99.96%.
• Controllable completion factor for United operations at 100%.

Negative

• Total block hours decreased by 33.8% year-over-year.
• American block hours decreased by 32.4% year-to-date.
• United block hours decreased by 35.8% year-to-date.

PHOENIX, Feb. 18, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for January 2021.

Mesa Airlines reported 25,359 block hours in January 2021, a 33.8 percent drop from January 2020 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.96 percent and 100 percent for its American and United operations, respectively.

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

	Jan-21		Jan-20		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	11,087		16,397		-32.4	%		42,455		65,820		-35.5	%
United	14,059		21,892		-35.8	%		51,447		88,030		-41.6	%
DHL	212.57		n/a		N/A			702.75		n/a		N/A
Total	25,359		38,289		-33.8	%		94,605		153,850		-38.5	%
	Jan-21		Jan-20		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	5,497		9,173		-40.1	%		21,878		38,186		-42.7	%
United	6,560		10,606		-38.1	%		25,204		44,318		-43.1	%
DHL	139		n/a		N/A			458		n/a		N/A
Total	12,196		19,779		-38.3	%		47,540		82,504		-42.4	%
Controllable Completion Factor*
American	99.96	%	99.90	%	0.06	%		99.85	%	99.62	%	0.23	%
United	100.00	%	99.97	%	0.03	%		99.98	%	99.98	%	0.00	%
Total Completion Factor**
American	97.69	%	97.75	%	-0.06	%		98.15	%	97.80	%	0.36	%
United	99.03	%	99.08	%	-0.05	%		99.28	%	99.41	%	-0.13	%

*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 January 31st, 2021, Mesa operated approximately 393 daily departures. 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
Megan Bilbao
Media@mesa-air.com

FAQ

What were Mesa Air's block hours in January 2021?

Mesa Air reported 25,359 block hours in January 2021, a 33.8% decrease from the previous year.

How did the COVID-19 pandemic affect Mesa Air's performance?

The pandemic led to a reduction in flight schedules, causing a significant drop in block hours.

What is the controllable completion factor for Mesa Air in January 2021?

The controllable completion factor was 99.96% for American operations and 100% for United.

What is the year-to-date change in block hours for Mesa Air?

Year-to-date block hours for Mesa Air decreased by 38.5% compared to the previous fiscal year.