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Mesa Air Group Reports March 2021 Operating Performance

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Mesa Air Group, Inc.
·4-min read
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PHOENIX, April 12, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for March 2021.

Mesa Airlines reported 28,127 block hours in March 2021, a 15.9 percent drop from March 2020 as a result of reduced schedules during the COVID-19 pandemic. The company also reported a controllable completion factor of 99.86 percent and 100 percent for its American and United operations, respectively.

For Q2 of fiscal year 2021 ending March 31st, total block hours were 73,942 on 35,270 departures. These block hours are well below our guidance provided on our Q1 fiscal year 2021 Earnings Release. The reduced block hours and departures were the result of the mid-February major winter storm and subsequent Texas power outages impacting our major operations in both Dallas and Houston. During that period, we cancelled almost 1,300 flights representing close to 3,000 block hours while still incurring crew costs.

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

Mar-21

Mar-20

% Change

YTD FY2021

YTD FY2020

% Change

Block Hours

American

11,989

15,063

-20.4

%

63,132

96,667

-34.7

%

United

15,983

18,401

-13.1

%

79,001

127,199

-37.9

%

DHL

155

n/a

N/A

1056

n/a

N/A

Total

28,127

33,464

-15.9

%

143,189

223,866

-36.0

%

Mar-21

Mar-20

% Change

YTD FY2021

YTD FY2020

% Change

Departures

American

6,240

8,391

-25.6

%

32,348

55,377

-41.6

%

United

7,162

8,718

-17.8

%

37,587

62,783

-40.1

%

DHL

100

n/a

N/A

679

n/a

N/A

Total

13,502

17,109

-21.1

%

70,614

118,160

-40.2

%

Mar-21

Mar-20

% Change

YTD FY2021

YTD FY2020

% Change

Controllable
Completion
Factor*

American

99.86

%

99.85

%

0.01

%

99.82

%

99.71

%

0.11

%

United

100.00

%

99.99

%

0.01

%

99.98

%

99.98

%

0.00

%

Total Completion Factor**

American

98.13

%

85.67

%

14.54

%

96.65

%

95.98

%

0.70

%

United

99.58

%

81.39

%

22.35

%

96.70

%

96.48

%

0.23

%

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

Mar-21

Feb-21

% Change

QTD FY2021

QTD FY2020

% Change

Block Hours

American

11,989

8,688

38.0

%

31,764

47,244

-32.8

%

United

15,983

11,571

38.1

%

41,612

61,061

-31.9

%

DHL

155

198.4

-22.1

%

566

n/a

N/A

Total

28,127

20,457

37.5

%

73,942

108,305

-31.7

%

Mar-21

Feb-21

% Change

QTD FY2021

QTD FY2020

% Change

Departures

American

6,240

4230

47.5

%

15,967

26,364

-39.4

%

United

7,162

5221

37.2

%

18,943

29,071

-34.8

%

DHL

100

121

-17.4

%

360

n/a

N/A

Total

13,502

9,572

41.1

%

35,270

55,435

-36.4

%

Mar-21

Feb-21

% Change

QTD FY2021

QTD FY2020

% Change

Controllable
Completion
Factor*

American

99.86

%

99.62

%

0.2

%

99.83

%

99.91

%

-0.1

%

United

100.00

%

99.97

%

0.0

%

99.99

%

99.97

%

0.0

%

Total Completion Factor**

American

98.13

%

87.78

%

11.8

%

95.01

%

94.03

%

1.0

%

United

99.58

%

83.01

%

20.0

%

94.22

%

93.19

%

1.1

%

*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 112 cities in 38 states, the District of Columbia, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of March 31st, 2021, Mesa operated a fleet of 163 aircraft with approximately 440 daily departures and 3,100 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
Susan Donofrio
Investor.Relations@mesa-air.com

Media
Megan Bilbao
Media@mesa-air.com