MESA - Mesa Air March block hours rise 37.5% M/M to 28127

Mesa Air Group (MESA) reports 28,127 block hours in March 2021, -15.9% Y/Y, and +37.5% M/M.For fiscal Q2 2021 ending March 31, total block hours dropped 31.7% Y/Y to 73,942, well below the guidance of 76,000.March Departures were 13,502, +41.1% M/M and, a decline of 21.1% from prior year.FQ2 departures of 35,270, -36.4% Y/Y.March Controllable completion factor of 99.86% and 100% for its American and United operations, respectively. The reduced block hours and departures were the result of the mid-February major winter storm and subsequent Texas power outages.

For further details see:

Mesa Air March block hours rise 37.5% M/M to 28,127