Mesa Air Group Reports July 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported significant operational improvements for July 2021. The airline achieved 32,843 block hours, marking a 92.1% increase from July 2020, driven by expanded summer travel and eased COVID restrictions. The controllable completion factor was 98.72% for American operations and 99.90% for United. However, year-to-date figures show a 4.2% decline in block hours compared to the previous year, reflecting ongoing challenges amid recovery. Departures also fell, with 129,203 total departures, a 11.2% decrease YTD.

Positive

• 32,843 block hours in July 2021, up 92.1% from last year.
• High controllable completion factor of 98.72% for American operations.
• Exceptional completion factor of 99.90% for United operations.

Negative

• 4.2% decline in year-to-date block hours compared to FY2020.
• Departures decreased by 11.2% year-to-date.

PHOENIX, Aug. 10, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for July 2021.

Mesa Airlines reported 32,843 block hours in July 2021, a 92.1 percent increase from July 2020 as a result of increased summer flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 98.72 percent and 99.90 percent for its American and United operations, respectively.

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

	Jul-21		Jul-20		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	12,830		6,228		106.0	%		111,379		117,427		-5.2	%
United	19,798		10,867		82.2	%		147,927		155,156		-4.7	%
DHL	215		N/A		N/A			1,888		N/A		N/A
Total	32,843		17,095		92.1	%		261,194		272,583		-4.2	%
	Jul-21		Jul-20		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	7,074		3,576		97.8	%		59,008		67,269		-12.3	%
United	8,984		5,703		57.5	%		68,968		78,262		-11.9	%
DHL	141		N/A		N/A			1,227		N/A		N/A
Total	16,199		9,279		74.6	%		129,203		145,531		-11.2	%
	Jul-21		Jul-20		% Change			YTD FY2021		YTD FY2020		% Change
Controllable Completion Factor*
American	98.72	%	99.50	%	-0.8	%		99.55	%	99.74	%	-0.2	%
United	99.90	%	99.38	%	0.5	%		99.97	%	99.94	%	0.0	%
Total Completion Factor**
American	96.47	%	99.44	%	-3.0	%		96.93	%	93.58	%	3.6	%
United	98.30	%	98.34	%	0.0	%		97.71	%	94.97	%	2.9	%

Operating statistics month over month for July 2021 and QTD are included in the table below.

	Jul-21		Jun-21		% Change			QTD FY2021		QTD FY2020		% Change
Block Hours
American	12,830		12,610		1.7	%		12,830		6,228		106.0	%
United	19,798		17,184		15.2	%		19,798		10,867		82.2	%
DHL	215		221		-2.5	%		215		N/A		N/A
Total	32,843		30,015		9.4	%		32,843		17,095		92.1	%
	Jul-21		Jun-21		% Change			QTD FY2021		QTD FY2020		% Change
Departures
American	7,074		7,020		0.8	%		7,074		3,576		97.8	%
United	8,984		7,712		16.5	%		8,984		5,703		57.5	%
DHL	141		144		-2.1	%		141		N/A		N/A
Total	16,199		14,876		8.9	%		16,199		9,279		74.6	%
	Jul-21		Jun-21		% Change			QTD FY2021		QTD FY2020		% Change
Controllable Completion Factor*
American	98.72	%	98.58	%	0.1	%		98.72	%	99.50	%	-0.8	%
United	99.90	%	99.97	%	-0.1	%		99.90	%	99.38	%	0.5	%
Total Completion Factor**
American	96.47	%	96.83	%	-0.4	%		96.47	%	99.44	%	-3.0	%
United	98.30	%	98.76	%	-0.5	%		98.30	%	98.34	%	0.0	%

*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 167 aircraft with approximately 470 daily departures and 3,191 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/Media
Susan Donofrio
susan.donofrio@fticonsulting.com

FAQ

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

Mesa Air Group reported 32,843 block hours in July 2021, a 92.1% increase from July 2020.

How did Mesa Air Group's operational performance change in July 2021?

Mesa Airlines experienced significant increases in both block hours and completion factors in July 2021, despite a slight decline in year-to-date figures.

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

The controllable completion factor for American operations was 98.72%, and for United operations was 99.90%.

What were the challenges faced by Mesa Airlines in July 2021?

Mesa Airlines faced a 4.2% decline in year-to-date block hours and an 11.2% decrease in departures compared to the previous year.