Mesa Air Group Reports June 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant decline in operating performance for June 2020, with block hours dropping by 75.8% compared to June 2019 due to reduced schedules from the COVID-19 pandemic. The total block hours for June were 9,247, down from 38,240 in June 2019. Despite the decrease, Mesa Airlines achieved a controllable completion factor of 100% for both American and United operations, reflecting efficiency in operations amidst the challenges faced.

Positive

• Achieved a controllable completion factor of 100% for both American and United operations.

Negative

• Block hours decreased by 75.8% YoY, reflecting a reduction in operations.
• American block hours fell by 81.9% compared to June 2019.
• United block hours dropped by 71.2% compared to June 2019.
• Year-to-date block hours also down by 25.1% compared to prior year.

PHOENIX, July 07, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for June 2020.

Mesa Airlines reported 9,247 block hours in June 2020, a 75.8 percent drop from June 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 100 percent for both its American and United operations.

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

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33%; width:33%; min-width:33%;">	11%; width:11%; min-width:11%;">Jun-20	11%; width:11%; min-width:11%;">Jun-19	11%; width:11%; min-width:11%;">% Change	1%; width:1%; min-width:1%;">	11%; width:11%; min-width:11%;">YTD FY2020	11%; width:11%; min-width:11%;">YTD FY2019	11%; width:11%; min-width:11%;">% Change
Block Hours
American	3,000	16,546	-81.9%		111,199	148,592	-25.2%
United	6,248	21,694	-71.2%		144,289	192,479	-25.0%
Total	9,247	38,240	-75.8%		255,488	341,071	-25.1%
	Jun-20	Jun-19	% Change		YTD FY2020	YTD FY2019	% Change
Departures
American	1,699	9,737	-82.6%		63,693	85,570	-25.6%
United	3,550	11,318	-68.6%		72,559	96,987	-25.2%
Controllable Completion Factor*
American	100.00%	98.71%	1.3%		99.75%	99.21%	0.5%
United	100.00%	99.10%	0.9%		99.98%	99.59%	0.4%
Total Completion Factor**
American	100.00%	91.88%	8.8%		93.27%	95.72%	-2.6%
United	99.83%	97.81%	2.1%		94.72%	98.34%	-3.7%

*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 66 cities in 29 states, the District of Columbia and Mexico. As of June 30th, 2020, Mesa operated a fleet of 145 aircraft with approximately 175 daily departures and 3,400 employees. Mesa operates all of its flights as either American Eagle or United Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc. and United Airlines, Inc.

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

Media
Jack Hellie
Media@mesa-air.com 

FAQ

What were Mesa Air Group's block hours in June 2020?

Mesa Air Group reported a total of 9,247 block hours in June 2020.

How did Mesa Air Group's June 2020 performance compare to June 2019?

Mesa Air Group experienced a 75.8% decrease in block hours compared to June 2019.

What is the controllable completion factor for Mesa Airlines?

Mesa Airlines reported a controllable completion factor of 100% for both its American and United operations in June 2020.

How did block hours change for American and United operations in June 2020?

Block hours for American operations fell by 81.9%, while United operations declined by 71.2% compared to June 2019.

What was the year-to-date performance for Mesa Air Group for FY2020?

Year-to-date block hours for Mesa Air Group were down by 25.1% compared to FY2019.