Mesa Air Group Reports September 2020 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 40.3% decline in block hours for September 2020, totaling 21,780 hours compared to September 2019, largely due to COVID-19. However, its controllable completion factors remained high at 99.87% for American operations and 99.95% for United operations. Year-to-date, block hours fell 31.4%, while the airline operates a fleet of 145 aircraft, serving 102 cities in 39 states, with about 373 daily departures.

Positive

• Controllable completion factors were strong at 99.87% for American and 99.95% for United, indicating reliable operations despite reduced hours.

Negative

• Block hours fell 40.3% year-over-year, reflecting serious operational impacts from the pandemic.
• Year-to-date block hours decreased by 31.4%, indicating ongoing challenges.

PHOENIX, Oct. 12, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for September 2020.

Mesa Airlines reported 21,780 block hours in September 2020, a 40.3 percent drop from September 2019 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.87 percent and 99.95 percent for its American and United operations, respectively.

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

	Sep-20		Sep-19		% Change			YTD FY2020		YTD FY2019		% Change
Block Hours
American	9,410		15,544		-39.5	%		133,973		198,401		-32.5	%
United	12,370		20,951		-41.0	%		179,137		257,845		-30.5	%
Total	21,780		36,495		-40.3	%		313,110		456,247		-31.4	%
	Sep-20		Sep-19		% Change			YTD FY2020		YTD FY2019		% Change
Departures
American	5,192		9,522		-45.5	%		76,550		115,484		-33.7	%
United	6,004		10,982		-45.3	%		90,226		131,150		-31.2	%
Controllable Completion Factor*
American	99.87	%	98.62	%	1.3	%		99.76	%	98.85	%	0.9	%
United	99.95	%	99.80	%	0.2	%		99.94	%	99.54	%	0.4	%
Total Completion Factor**
American	98.59	%	97.60	%	1.0	%		94.20	%	95.84	%	-1.7	%
United	99.21	%	96.64	%	2.7	%		95.24	%	98.13	%	-2.9	%

*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 and cargo service to 102 cities in 39 states, the District of Columbia and Mexico. As of September 30th, 2020, Mesa operated a fleet of 145 aircraft with approximately 373 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 was Mesa Air Group's block hours for September 2020?

Mesa Air Group reported 21,780 block hours for September 2020, a 40.3% decrease from September 2019.

How did Mesa Air's performance compare to September 2019?

Mesa Air's performance for block hours in September 2020 decreased by 40.3% compared to September 2019.

What is the controllable completion factor for Mesa Air's American operations?

The controllable completion factor for Mesa Air's American operations was 99.87%.

What is the impact of COVID-19 on Mesa Air Group's operations?

COVID-19 significantly impacted Mesa Air Group, leading to a 40.3% decline in block hours for September 2020.

How many aircraft does Mesa Air Group operate?

Mesa Air Group operates a fleet of 145 aircraft.