Mesa Air Group Reports October 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported significant operational growth for October 2021, with a total of 30,694 block hours, marking a 52.2% increase compared to October 2020. This surge is attributed to a rise in flights as COVID-19 restrictions eased. Mesa Airlines achieved a controllable completion factor of 99.66% for American operations and 98.57% for United operations. Key statistics reveal a 36.7% increase in American block hours and a 62.3% increase in United block hours year-over-year. Mesa continues to demonstrate robust operational recovery.

Positive

• 30,694 block hours reported for October 2021, up 52.2% from October 2020.
• Controllable completion factor at 99.66% for American operations.
• 62.3% increase in block hours for United compared to October 2020.
• Total departures increased by 46.4% year-over-year.

Negative

• Slight decrease in controllable completion factor for American and United compared to prior month.
• American completion factor at 97.86%, down from 98.84%.
• United completion factor at 98.02%, down from 99.92%.

PHOENIX, Nov. 18, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for October 2021.

Mesa Airlines reported 30,694 block hours in October 2021, a 52.2 percent increase from October 2020 as a result of continued increased flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 99.66 percent and 98.57 percent for its American and United operations, respectively.

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

	Oct-21		Oct-20		% Change		YTD FY2022		YTD FY2021		% Change
Block Hours
American	11,383		8,325		36.7	%	11,383		8,325		36.7	%
United	19,105		11,771		62.3	%	19,105		11,771		62.3	%
DHL	207		72		188.2	%	207		72		188.2	%
Total	30,694		20,167		52.2	%	30,694		20,167		52.2	%
	Oct-21		Oct-20		% Change		YTD FY2022		YTD FY2021		% Change
Departures
American	6,374		4,508		41.4	%	6,374		4,508		41.4	%
United	9,032		6,069		48.8	%	9,032		6,069		48.8	%
DHL	136		40		240.0	%	136		40		240.0	%
Total	15,542		10,617		46.4	%	15,542		10,617		46.4	%
Controllable Completion Factor*
American	99.66	%	99.96	%	-0.30	%	99.66	%	99.96	%	-0.3	%
United	98.57	%	99.95	%	-1.38	%	98.57	%	99.95	%	-1.4	%
Total Completion Factor*
American	97.86	%	98.84	%	-0.99	%	97.86	%	98.84	%	-1.0	%
United	98.02	%	99.92	%	-1.90	%	98.02	%	99.92	%	-1.9	%

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

	Oct-21		Sept-21		% Change		QTD FY2022		QTD FY2021		% Change
Block Hours
American	11,383		11,042		3.1	%	11,383		8,325		36.7	%
United	19,105		18,290		4.5	%	19,105		11,771		62.3	%
DHL	207		191		7.9	%	207		72		188.2	%
Total	30,694		29,524		4.0	%	30,694		20,167		52.2	%
	Oct-21		Sept-21		% Change		QTD FY2022		QTD FY2021		% Change
Departures
American	6,374		6,060		5.2	%	6,374		4,508		41.4	%
United	9,032		8,639		4.5	%	9,032		6,069		48.8	%
DHL	136		127		7.1	%	136		40		240.0	%
Total	15,542		14,826		4.8	%	15,542		10,617		46.4	%
Controllable Completion Factor*
American	99.66	%	99.90	%	-0.2	%	99.66	%	99.96	%	-0.3	%
United	98.57	%	99.86	%	-1.3	%	98.57	%	99.95	%	-1.4	%
Total Completion Factor*
American	97.86	%	99.39	%	-1.5	%	97.86	%	98.84	%	-1.0	%
United	98.02	%	98.38	%	-0.4	%	98.02	%	99.92	%	-1.9	%

*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 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 October 31, 2021, Mesa operated a fleet of 167 aircraft with approximately 507 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.

Media
Jacqueline Palmer
Media@mesa-air.com

Investors
Susan Donofrio
IR@mesa-air.com

FAQ

What were the block hours reported by Mesa Air Group for October 2021?

Mesa Air Group reported 30,694 block hours for October 2021, a 52.2% increase from October 2020.

How did Mesa Airlines' performance change from October 2020 to October 2021?

Mesa Airlines showed a significant operational recovery with block hours increasing by 52.2% from October 2020.

What is the controllable completion factor for Mesa Airlines in October 2021?

The controllable completion factor for American operations was 99.66% and for United operations 98.57% in October 2021.

How many departures did Mesa Airlines have in October 2021?

Mesa Airlines had 15,542 departures in October 2021, a 46.4% increase compared to the previous year.