PHOENIX, April 07, 2020 (GLOBE NEWSWIRE) -- Mesa Air Group, Inc. (NASDAQ: MESA) today reported Mesa Airlines’ operating performance for March 2020.
Mesa Airlines reported 33,464 block hours in March 2020, a 14.8 percent drop from March 2019 as a result of reduced schedules during the COVID-19 outbreak. The company also reported controllable completion factors of 99.85 percent and 99.99 percent for American and United respectively.
Commenting on the results, Mesa Air Group Chairman and CEO Jonathan Ornstein said, “Our industry is in uncharted territory. The drop in departures and block hours reflects the significantly reduced demand our partners are seeing as a result of concerns over COVID-19. I am incredibly proud and thankful for the performance our people have continued to deliver during this turbulent time.”
Operating statistics for March 2020 and fiscal year 2020 YTD are included in the table below.
| Mar-20 | Mar-19 | % Change | YTD FY2020 | YTD FY2019 | % Change | ||||||||
| Block Hours | |||||||||||||
| American | 15,063 | 17,321 | -13.0 | % | 96,667 | 99,319 | -2.7 | % | |||||
| United | 18,401 | 21,940 | -16.1 | % | 127,199 | 127,711 | -0.4 | % | |||||
| Total | 33,464 | 39,261 | -14.8 | % | 223,866 | 227,030 | -1.4 | % | |||||
| Mar-20 | Mar-19 | % Change | YTD FY2020 | YTD FY2019 | % Change | ||||||||
| Departures | |||||||||||||
| American | 8,391 | 9,945 | -15.6 | % | 55,377 | 56,875 | -2.6 | % | |||||
| United | 8,718 | 11,016 | -20.9 | % | 62,783 | 63,884 | -1.7 | % | |||||
| Controllable Completion Factor* | |||||||||||||
| American | 99.85 | % | 99.20 | % | 0.7 | % | 99.71 | % | 99.22 | % | 0.5 | % | |
| United | 99.99 | % | 99.69 | % | 0.3 | % | 99.98 | % | 99.67 | % | 0.3 | % | |
| Total Completion Factor* | |||||||||||||
| American | 85.67 | % | 96.38 | % | -11.1 | % | 95.98 | % | 96.66 | % | -0.7 | % | |
| United | 81.38 | % | 99.39 | % | -18.1 | % | 96.48 | % | 98.70 | % | -2.2 | % | |
*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 135 cities in 39 states, the District of Columbia, Canada, Mexico, Cuba and the Bahamas. As of March 31st, 2020, Mesa operated a fleet of 145 aircraft with an average of approximately 662 daily departures and 3,600 employees. Mesa operates all of its flights as either American Eagle or United Express flights pursuant to the terms of capacity purchase agreements entered into with American Airlines, Inc. and United Airlines, Inc.
Investor Relations
Brian Gillman
investor@mesa-air.com
Media
Jack Hellie
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