Mesa Air Group Reports February 2021 Operating Performance
On March 8, 2021, Mesa Air Group, Inc. (NASDAQ: MESA) reported significant declines in operational performance for February 2021.
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Rhea-AI Summary
On March 8, 2021, Mesa Air Group, Inc. (NASDAQ: MESA) reported significant declines in operational performance for February 2021. The airline logged 20,457 block hours, reflecting a 44.0% decrease compared to February 2020, mainly due to reduced schedules stemming from the COVID-19 pandemic and severe winter storms. The controllable completion factor was 99.62% for American operations and 99.97% for United operations. Year-to-date (YTD) block hours also fell by 39.6% to 115,062 from the previous year.
Positive
- Controllable completion factor for American operations at 99.62%, indicating high reliability.
- U.S. operations maintained a strong controllable completion factor of 99.97% for United.
Negative
- Block hours decreased by 44.0% compared to February 2020, signaling a significant drop in activity.
- Total departures fell by 48.4%, which could indicate reduced demand and operational challenges.
- Year-to-date block hours declined by 39.6%, suggesting ongoing struggles in maintaining operational capacity.
Details
News Market Reaction – MESA
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PHOENIX, March 08, 2021 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for February 2021.
Mesa Airlines reported 20,457 block hours in February 2021, a 44.0 percent drop from February 2020 as a result of reduced schedules during the COVID-19 pandemic and the winter storms from February 14th to February 19th. The company also reported a controllable completion factor of 99.62 percent and 99.97 percent for its American and United operations, respectively.
Operating statistics for February 2021 and fiscal year 2021 YTD are included in the table below.
| Feb-21 | Feb-20 | % Change | YTD FY2021 | YTD FY2020 | % Change | ||||||||
| Block Hours | |||||||||||||
| AA | 8,688 | 15,784 | -45.0 | % | 51,143 | 81,604 | -37.3 | % | |||||
| UA | 11,571 | 20,768 | -44.3 | % | 63,018 | 108,798 | -42.1 | % | |||||
| DHL | 198 | n/a | N/A | 901 | n/a | N/A | |||||||
| Total | 20,457 | 36,552 | -44.0 | % | 115,062 | 190,403 | -39.6 | % | |||||
| Feb-21 | Feb-20 | % Change | YTD FY2021 | YTD FY2020 | % Change | ||||||||
| Departures | |||||||||||||
| Departures - AA | 4,230 | 8,800 | -51.9 | % | 26,108 | 46,986 | -44.4 | % | |||||
| Departures - UA | 5,221 | 9,747 | -46.4 | % | 30,425 | 54,065 | -43.7 | % | |||||
| Departures - DHL | 121 | n/a | N/A | 579 | n/a | N/A | |||||||
| Total | 9,572 | 18,547 | -48.4 | % | 57,112 | 101,051 | -43.5 | % | |||||
| Controllable Completion Factor* | |||||||||||||
| American | 99.62 | % | 99.98 | % | -0.36 | % | 99.81 | % | 99.69 | % | 0.12 | % | |
| United | 99.97 | % | 99.96 | % | 0.01 | % | 99.98 | % | 99.98 | % | 0.00 | % | |
| Total Completion Factor** | |||||||||||||
| American | 87.78 | % | 99.33 | % | -11.63 | % | 96.30 | % | 98.09 | % | -1.82 | % | |
| United | 83.01 | % | 99.65 | % | -16.70 | % | 96.05 | % | 99.46 | % | -3.43 | % | |
*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 114 cities in 39 states, the District of Columbia, the Bahamas, Canada, and Mexico as well as cargo services out of Cincinnati/Northern Kentucky International Airport. As of February 28th, 2021, Mesa operated a fleet of 160 aircraft with approximately 393 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.
Investor Relations
Susan Donofrio
Investor.Relations@mesa-air.com
Media
Megan Bilbao
Media@mesa-air.com
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