Mesa Air Group Reports November 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 23% increase in block hours for November 2021, totaling 28,465 hours, compared to November 2020. This rise is attributed to eased COVID-19 travel restrictions. The controllable completion factor was 98.58% for American and 98.48% for United operations. Year-to-date figures showed a 36.6% increase in total block hours compared to the previous fiscal year, highlighting a recovery in operational performance.

Positive

• 23% increase in block hours year-over-year.
• Controllable completion factor at 98.58% (American) and 98.48% (United).
• 36.6% increase in total block hours YTD compared to FY2021.

Negative

• 11.2% decrease in block hours for United month-over-month.
• 7.3% decrease in total block hours compared to October 2021.
• Notable drop in controllable completion factors month-over-month.

PHOENIX, Dec. 20, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for November 2021.

Mesa Airlines reported 28,465 block hours in November 2021, a 23 percent increase from November 2020 as a result of continued increased flying with the relaxation of certain COVID travel restrictions. The Company also reported a controllable completion factor of 98.58 percent and 98.48 percent for its American and United operations, respectively.

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

	Nov-21		Nov-20		% Change		YTD FY2022		YTD FY2021		% Change
Block Hours
American	11,276		10,643		5.9	%	22,659		18,968		19.5	%
United	16,969		12,302		37.9	%	36,074		24,073		49.9	%
DHL	220		201		9.4	%	427		273		56.3	%
Total	28,465		23,146		23.0	%	59,159		43,314		36.6	%
	Nov-21		Nov-20		% Change		YTD FY2022		YTD FY2021		% Change
Departures
American	6,339		5,570		13.8	%	12,713		10,078		26.1	%
United	8,046		6,201		29.8	%	17,078		12,270		39.2	%
DHL	147		135		8.9	%	283		175		61.7	%
Total	14,532		11,906		22.1	%	30,074		22,523		33.5	%
Controllable Completion Factor*
American	98.58	%	99.62	%	-1.0	%	99.12	%	99.77	%	-0.7	%
United	98.48	%	99.98	%	-1.5	%	98.52	%	99.97	%	-1.4	%
Total Completion Factor*
American	97.70	%	98.05	%	-0.4	%	97.78	%	98.40	%	-0.6	%
United	98.01	%	99.45	%	-1.5	%	98.02	%	99.68	%	-1.7	%

Operating statistics month over month for the first quarter of fiscal year 2022 and QTD are included in the table below.

	Nov-21		Oct-21		% Change		QTD FY2022		QTD FY2021		% Change
Block Hours
American	11,276		11,383		-0.9	%	22,659		18,968		19.5	%
United	16,969		19,105		-11.2	%	36,074		24,073		49.9	%
DHL	220		207		6.6	%	427		273		56.3	%
Total	28,465		30,694		-7.3	%	59,159		43,314		36.6	%
	Nov-21		Oct-21		% Change		QTD FY2022		QTD FY2021		% Change
Departures
American	6,339		6,374		-0.5	%	12,713		10,078		26.1	%
United	8,046		9,032		-10.9	%	17,078		12,270		39.2	%
DHL	147		136		8.1	%	283		175		61.7	%
Total	14,532		15,542		-6.5	%	30,074		22,523		33.5	%
Controllable Completion Factor*
American	98.58	%	99.66	%	-1.1	%	99.12	%	99.77	%	-0.7	%
United	98.48	%	98.57	%	-0.1	%	98.52	%	99.97	%	-1.4	%
Total Completion Factor*
American	97.70	%	97.86	%	-0.2	%	97.78	%	98.40	%	-0.6	%
United	98.01	%	98.02	%	0.0	%	98.02	%	99.68	%	-1.7	%

*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, Inc., a regional air carrier providing scheduled passenger service to 129 cities in 39 states, the District of Columbia, the Bahamas, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of November 30, 2021, Mesa operated under its capacity purchase agreements, or maintained as operational spares, a fleet of 151 aircraft with approximately 507 daily departures and 3,200 employees. As of November 30, 2021, we also leased 16 aircraft to a third party, for a total of 167 aircraft. 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.

Media
Jacqueline Palmer
Media@mesa-air.com

Investors
Susan Donofrio
IR@mesa-air.com

FAQ

What were Mesa Air Group's block hours for November 2021?

Mesa Air Group reported a total of 28,465 block hours in November 2021, a 23% increase from the previous year.

How did the controllable completion factor perform for Mesa in November 2021?

The controllable completion factor was 98.58% for American operations and 98.48% for United operations.

What is the year-to-date block hours change for Mesa Air Group?

Year-to-date, Mesa Air Group's total block hours have increased by 36.6% compared to the previous fiscal year.

Did Mesa Air Group experience any month-over-month decline in November 2021?

Yes, there was an 11.2% decrease in block hours for United operations compared to October 2021.