Mesa Air Group Reports November 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant decline in operating performance for November 2020, with 23,144 block hours, down 38.2% from the previous November due to COVID-19 impacts. The airline's operations included 10,643 block hours for American Airlines and 12,302 block hours for United Airlines, reflecting declines of 33.0% and 43.0% respectively. Despite the drop, Mesa achieved a controllable completion factor of 99.62% for American and 99.97% for United. Year-to-date figures also show substantial reductions, indicating ongoing challenges in the aviation sector.

Positive

• Controllable completion factor for American operations at 99.62%.
• Controllable completion factor for United operations at 99.97%.

Negative

• Block hours decreased by 38.2% compared to November 2019.
• Block hours YTD down 43.3% compared to FY2020.
• Departures down 41.7% from November 2019.
• YTD departures decreased by 46.3% compared to FY2020.

PHOENIX, Dec. 21, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for November 2020.

Mesa Airlines reported 23,144 block hours in November 2020, a 38.2 percent drop from November 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.62 percent and 99.97 percent for its American and United operations, respectively.

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

	Nov-20		Nov-19		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	10,643		15,877		-33.0	%		18,968		32,516		-41.7	%
United	12,302		21,572		-43.0	%		24,073		43,834		-45.1	%
DHL	199		N/A		N/A			270.82		N/A		N/A
Total	23,144		37,449		-38.2	%		43,312		76,350		-43.3	%
	Nov-20		Nov-19		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	5,570		9,312		-40.2	%		10,078		19,324		-47.8	%
United	6,201		11,104		-44.2	%		12,270		22,599		-45.7	%
DHL	134		N/A		N/A			174		N/A		N/A
Total	11,905		20,416		-41.7	%		22,522		41,923		-46.3	%
Controllable Completion Factor*
American	99.62	%	99.65	%	-0.03	%		99.77	%	99.46	%	0.31	%
United	99.97	%	99.99	%	-0.02	%		99.96	%	99.99	%	-0.03	%
Total Completion Factor**
American	98.05	%	99.01	%	-0.97	%		98.40	%	97.94	%	0.47	%
United	99.44	%	99.83	%	-0.39	%		99.68	%	99.55	%	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 104 cities in 39 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of November 30th, 2020, Mesa operated a fleet of 146 aircraft with approximately 384 daily departures and 3,200 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
Brian Gillman
Investor.Relations@mesa-air.com

Media
Matthew Harris
Media@mesa-air.com

FAQ

What are Mesa Air Group's block hours for November 2020?

Mesa Air Group reported 23,144 block hours in November 2020, a decrease of 38.2% from November 2019.

How did Mesa Airlines perform in November 2020 compared to November 2019?

Mesa Airlines experienced a 38.2% drop in block hours in November 2020 compared to the same month in 2019.

What is the controllable completion factor for Mesa Airlines?

The controllable completion factor for American operations was 99.62% and for United operations, it was 99.97% in November 2020.

What are the year-to-date statistics for Mesa Air Group in FY2021?

Year-to-date block hours decreased by 43.3% and departures decreased by 46.3% compared to FY2020.