Mesa Air Group Reports June 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported significant operational growth for June 2021, with block hours increasing by 224.6% year-over-year to 30,015 hours. This surge reflects a recovery from the COVID-19 pandemic. Mesa’s controllable completion factor was 98.58% for American operations and 99.97% for United. Despite the positive performance in June, year-to-date block hours declined by 10.6% compared to the previous year. Overall, the airline is witnessing improved metrics but still faces challenges in year-to-date performance.

Positive

• Block hours increased by 224.6% year-over-year.
• Controllable completion factor for American operations is 98.58%.
• Controllable completion factor for United operations is 99.97%.
• 6.2% month-over-month growth in overall block hours.
• 143.7% increase in year-to-date block hours for American compared to FY2020.
• 187.5% increase in year-to-date block hours for United compared to FY2020.

Negative

• Year-to-date block hours declined by 10.6% compared to FY2020.
• Year-to-date departures decreased by 17.1% compared to FY2020.
• Controllable completion factor for American operations decreased by 1.42% year-over-year.
• Controllable completion factor for American operations decreased by 0.08% year-to-date.

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

Mesa Airlines reported 30,015 block hours in June 2021, a 224.6 percent increase from June 2020 as a result of increased flying due to industry recovery from the COVID-19 pandemic. The Company also reported a controllable completion factor of 98.58 percent and 99.97 percent for its American and United operations, respectively.

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

	Jun-21		Jun-20		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	12,610		3,000		320.4	%		98,549		111,199		-11.4	%
United	17,184		6,248		175.0	%		128,129		144,289		-11.2	%
DHL	221		n/a		N/A			1,673		n/a		N/A
Total	30,015		9,247		224.6	%		228,351		255,488		-10.6	%
	Jun-21		Jun-20		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	7,020		1,699		313.2	%		51,934		63,693		-18.5	%
United	7,712		3,550		117.2	%		59,984		72,559		-17.3	%
DHL	144		n/a		N/A			1,086		n/a		N/A
Total	14,876		5,249		183.4	%		113,004		136,252		-17.1	%
	Jun-21		Jun-20		% Change			YTD FY2021		YTD FY2020		% Change
Controllable Completion Factor*
American	98.58	%	100.00	%	-1.42	%		99.67	%	99.75	%	-0.08	%
United	99.97	%	100.00	%	-0.03	%		99.98	%	99.98	%	0.00	%
Total Completion Factor**
American	96.83	%	100.00	%	-3.17	%		97.00	%	93.27	%	4.00	%
United	98.76	%	99.83	%	-1.07	%		97.62	%	94.72	%	3.06	%

Operating statistics month over month for the third quarter of fiscal year 2021 and QTD are included in the table below.

	Jun-21		May-21		% Change			QTD FY2021		QTD FY2020		% Change
Block Hours
American	12,610		11,741		7.4	%		35,417		14,532		143.7	%
United	17,184		16,300		5.4	%		49,127		17,090		187.5	%
DHL	221		223		-1.1	%		617		n/a		N/A
Total	30,015		28,264		6.2	%		85,162		31,622		169.3	%
	Jun-21		May-21		% Change			QTD FY2021		QTD FY2020		% Change
Departures
American	7,020		6,368		10.2	%		19,586		8,316		135.5	%
United	7,712		7,482		3.1	%		22,397		9,776		129.1	%
DHL	144		143		0.7	%		407		n/a		N/A
Total	14,876		13,993		6.3	%		42,390		18,092		134.3	%
	Jun-21		May-21		% Change			QTD FY2021		QTD FY2020		% Change
Controllable Completion Factor*
American	98.58	%	99.84	%	-1.3	%		99.42	%	100.00	%	-0.6	%
United	99.97	%	100.00	%	0.0	%		99.98	%	100.00	%	-0.02	%
Total Completion Factor**
American	96.83	%	97.22	%	-0.4	%		97.57	%	78.50	%	24.3	%
United	98.76	%	99.27	%	-0.5	%		99.21	%	84.77	%	17.0	%

*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. As of June 30, 2021, Mesa operated a fleet of 165 aircraft with approximately 470 daily departures and 3,100 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
susan.donofrio@fticonsulting.com

Media
Megan Bilbao
Media@mesa-air.com

FAQ

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

Mesa Air Group reported block hours of 30,015 in June 2021.

How did Mesa's block hours compare to June 2020?

Block hours in June 2021 increased by 224.6% compared to June 2020.

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

The controllable completion factor for Mesa's American operations was 98.58%.

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

Mesa experienced a year-to-date decline of 10.6% in block hours compared to FY2020.

How did Mesa's performance in June 2021 affect its year-to-date metrics?

Despite strong June performance, year-to-date metrics showed a decline in both block hours and departures compared to FY2020.