Mesa Air Group Reports September 2021 Operating Performance

Rhea-AI Summary

Mesa Air Group, Inc. (NASDAQ: MESA) reported a 35.6% increase in block hours for September 2021, totaling 29,524 hours compared to September 2020. This growth is attributed to heightened flying activity and eased COVID restrictions. The company also achieved a controllable completion factor of 99.92% for American operations and 99.86% for United operations. Year-to-date figures show a 3.2% increase in total block hours compared to the previous fiscal year. Mesa operates flights under American Eagle, United Express, and DHL Express across various U.S. locations.

Positive

• Block hours increased by 35.6% in September 2021 compared to 2020.
• Achieved a controllable completion factor of 99.92% for American operations.
• Improved YTD total block hours by 3.2% from FY2020.

Negative

• No significant negative aspects identified.

PHOENIX, Oct. 14, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for September 2021.

Mesa Airlines reported 29,524 block hours in September 2021, a 35.6 percent increase from September 2020 as a result of continued increased flying and the relaxation of certain COVID restrictions. The Company also reported a controllable completion factor of 99.92 percent and 99.86 percent for its American and United operations, respectively.

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

	Sept-21	Sept-20	% Change	YTD FY2021	YTD FY2020	% Change
Block Hours
American	11,042	9,410	17.3%	134,463	133,973	0.4%
United	18,290	12,370	47.9%	186,502	179,137	4.1%
DHL	191	N/A	N/A	2,254	N/A	N/A
Total	29,524	21,780	35.6%	323,219	313,110	3.2%
	Sept-21	Sept-20	% Change	YTD FY2021	YTD FY2020	% Change
Departures
American	6,060	5,192	16.7%	71,708	76,550	-6.3%
United	8,639	6,004	43.9%	86,835	90,226	-3.8%
DHL	127	N/A	N/A	1,476	N/A	N/A
Total	14,826	11,196	32.4%	160,019	166,776	-4.1%
Controllable Completion Factor*
American	99.92%	99.88%	0.04%	99.50%	99.76%	-0.26%
United	99.86%	99.95%	-0.09%	99.93%	99.94%	-0.01%
Total Completion Factor*
American	99.39%	98.61%	0.79%	97.09%	94.20%	3.07%
United	98.38%	99.21%	-0.84%	97.76%	95.24%	2.65%

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

	Sept-21	Aug-21	% Change	QTD FY2021	QTD FY2020	% Change
Block Hours
American	11,042	12,042	-8.3%	35,914	22,774	57.7%
United	18,290	20,285	-9.8%	58,374	34,847	67.5%
DHL	191	174	10.1%	581	N/A	N/A
Total	29,524	32,501	-9.2%	94,868	57,622	64.6%
	Sept-21	Aug-21	% Change	QTD FY2021	QTD FY2020	% Change
Departures
American	6,060	6,640	-8.7%	19,774	12,857	53.8%
United	8,639	9,228	-6.4%	26,851	17,667	52.0%
DHL	127	122	4.1%	390	N/A	N/A
Total	14,826	15,990	-7.3%	47,015	30,524	54.0%
Controllable Completion Factor*
American	99.92%	99.71%	0.2%	99.05%	99.81%	-0.8%
United	99.86%	99.66%	0.2%	99.81%	99.77%	0.0%
Total Completion Factor*
American	99.39%	96.43%	3.1%	97.34%	99.11%	-1.8%
United	98.38%	97.54%	0.9%	98.06%	97.47%	0.6%

*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 116 cities in 36 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. At the end of the June 30, 2021 quarter, Mesa operated a fleet of 165 aircraft with approximately 470 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

FAQ

What were Mesa Air Group's block hours in September 2021?

Mesa Air Group reported block hours totaling 29,524 in September 2021.

How much did block hours increase compared to September 2020?

Block hours increased by 35.6% compared to September 2020.

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

The controllable completion factor for Mesa's American operations was 99.92% in September 2021.

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

The year-to-date total block hours increased by 3.2% compared to FY2020.

In how many cities does Mesa Airlines provide service?

Mesa Airlines provides scheduled passenger service to 116 cities across 36 states, the District of Columbia, and Mexico.