Mesa Air Group Reports May 2021 Operating Performance

Rhea-AI Summary

On June 8, 2021, Mesa Air Group, Inc. (NASDAQ: MESA) reported its operating performance for May 2021, showing a strong recovery from the COVID-19 pandemic. The airline recorded 28,264 block hours, a 134% increase from May 2020. Notably, the controllable completion factor was 99.84% for American and 100% for United operations. Year-to-date, block hours decreased by 19.5% compared to the previous year. While May's flight statistics reflect positive growth, the year-to-date figures indicate challenges as overall volume remains below pre-pandemic levels.

Positive

• 28,264 block hours in May 2021, up 134% from May 2020.
• Controllable completion factor of 99.84% for American operations.
• 100% completion factor for United operations.
• Operating statistics show growth month-over-month.

Negative

• YTD block hours decreased by 19.5% compared to FY2020.
• Departures down 25.1% compared to FY2020.

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

Mesa Airlines reported 28,264 block hours in May 2021, a 134.0 percent increase from May 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 99.84 percent and 100 percent for its American and United operations, respectively.

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

	May-21		May-20		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	11,741		5,566		110.9%			85,939		108,199		-20.6%
United	16,300		6,511		150.3%			110,945		138,042		-19.6%
DHL	223		n/a		N/A			1,452		n/a		N/A
Total	28,264		12,077		134.0%			198,336		246,241		-19.5%
	May-21		May-20		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	6,368		3,284		93.9%			44,914		61,994		-27.6%
United	7,482		3,735		100.3%			52,272		69,009		-24.3%
DHL	143		n/a		N/A			942		n/a		N/A
Total	13,993		7,019		99.4%			98,128		131,003		-25.1%
	May-21		May-20		% Change			YTD FY2021		YTD FY2020		% Change
Controllable
Completion
Factor*
American	99.84%		100.00%		-0.16%			99.84%		99.74%		0.10%
United	100.00%		100.00%		0.00%			99.99%		99.98%		0.01%
Total Completion Factor**
American	97.22%		97.19%		0.03%			97.02%		93.10%		4.21%
United	99.27%		95.97%		3.44%			97.46%		94.47%		3.17%

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

	May-21		Apr-21		% Change			QTD FY2021		QTD FY2020		% Change
Block Hours
American	11,741		11,066		6.1%			22,807		11,532		97.8%
United	16,300		15,644		4.2%			31,944		10,842		194.6%
DHL	223		173		28.9%			397		n/a		N/A
Total	28,264		26,883		5.1%			55,147		22,374		146.5%
	May-21		Apr-21		% Change			QTD FY2021		QTD FY2020		% Change
Departures
American	6,368		6,198		2.7%			12,566		6,617		89.9%
United	7,482		7,203		3.7%			14,685		6,226		135.9%
DHL	143		120		16.1%			263		n/a		N/A
Total	13,993		13,521		3.4%			27,514		12,843		114.2%
	May-21		Apr-21		% Change			QTD FY2021		QTD FY2020		% Change
Controllable
Completion
Factor*
American	99.84%		99.95%		-0.1%			99.90%		100.00%		-0.1%
United	100.00%		99.97%		0.0%			99.99%		100.00%		0.0%
Total Completion Factor**
American	97.22%		98.80%		-1.6%			98.00%		74.40%		31.7%
United	99.27%		99.64%		-0.4%			99.45%		78.06%		27.4%

*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 95 cities in 35 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of May 31th, 2021, Mesa operated a fleet of 163 aircraft with approximately 450 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 May 2021?

Mesa Air Group reported 28,264 block hours in May 2021, a 134% increase compared to May 2020.

What is the controllable completion factor for Mesa Airlines?

The controllable completion factor was 99.84% for American operations and 100% for United operations in May 2021.

How do Mesa's year-to-date block hours compare to last year?

Year-to-date, Mesa's block hours decreased by 19.5% compared to FY2020.

What is the significance of the 134% increase in block hours?

The 134% increase in block hours indicates a recovery in flight operations as the industry rebounds from the impacts of the COVID-19 pandemic.

How did Mesa Air Group's departures change in May 2021?

Departures decreased by 25.1% year-over-year, with 13,993 departures in May 2021.