Mesa Air Group Reports October 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a significant decline in operating performance for October 2020, with total block hours falling by 48.2% year-over-year to 20,167 hours due to the COVID-19 pandemic's impact on flight schedules. Block hours for American and United airlines decreased by 50.0% and 47.1% respectively. Despite the drop in hours and departures, Mesa maintained a high controllable completion factor of 99.96% for American and 99.95% for United, reflecting operational efficiency amidst challenges.

Positive

• Controllable completion factor for American at 99.96%, up from 99.29% last year.
• Controllable completion factor for United at 99.95%, slightly down from 99.98% last year.
• DHL operations recorded block hours for the first time.

Negative

• Total block hours decreased by 48.2% compared to October 2019.
• American block hours decreased by 50.0% year-over-year.
• United block hours decreased by 47.1% year-over-year.
• Total departures dropped by 50.6% compared to October 2019.

PHOENIX, Nov. 11, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for October 2020.

Mesa Airlines reported 20,167 block hours in October 2020, a 48.2 percent drop from October 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.96 percent and 99.95 percent for its American and United operations, respectively.

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

	Oct-20		Oct-19		% Change			YTD FY2021		YTD FY2020		% Change
Block Hours
American	8,325		16,639		-50.0	%		8,325		16,639		-50.0	%
United	11,771		22,261		-47.1	%		11,771		22,261		-47.1	%
DHL	71		N/A		N/A			71		N/A		N/A
Total	20,167		38,901		-48.2	%		20,167		38,901		-48.2	%
	Oct-20		Oct-19		% Change			YTD FY2021		YTD FY2020		% Change
Departures
American	4,508		10,012		-55.0	%		4,508		10,012		-55.0	%
United	6,069		11,495		-47.2	%		6,069		11,495		-47.2	%
DHL	40		N/A		N/A			40		N/A		N/A
Total	10,617		21,507		-50.6	%		10,617		21,507		-50.6	%
Controllable Completion Factor*
American	99.96	%	99.29	%	0.67	%		99.96	%	99.29	%	0.67	%
United	99.95	%	99.98	%	-0.03	%		99.95	%	99.98	%	-0.03	%
Total Completion Factor**
American	98.84	%	96.96	%	1.94	%		98.84	%	96.96	%	1.94	%
United	99.92	%	99.27	%	0.65	%		99.92	%	99.27	%	0.65	%

*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 101 cities in 39 states, the District of Columbia, Canada and Mexico. As of October 31st, 2020, Mesa operated a fleet of 146 aircraft with approximately 342 daily departures and 3,400 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 the October 2020 block hours reported by Mesa Air Group?

Mesa Air Group reported total block hours of 20,167 in October 2020, a 48.2% decrease from the previous year.

How did Mesa Airlines' performance compare to October 2019?

Mesa Airlines experienced a significant decline in performance, with block hours dropping 48.2% year-over-year due to the pandemic.

What was the controllable completion factor for Mesa's American operations in October 2020?

The controllable completion factor for Mesa's American operations was 99.96% in October 2020.

What were the total departures for Mesa Airlines in October 2020?

Mesa Airlines reported a total of 10,617 departures in October 2020, a decrease of 50.6% from October 2019.

What impact did COVID-19 have on Mesa Air Group's operations?

COVID-19 led to a substantial reduction in block hours and departures, significantly affecting Mesa Air Group's overall operational performance.