Mesa Air Group Reports February and March Traffic Results

Apr 04, 2001, 01:00 ET from Mesa Air Group

    PHOENIX, April 4 /PRNewswire/ -- Mesa Air Group (Nasdaq: MESA) reported
 its preliminary traffic figures, on-time performance, and completion rate
 figures for February and March 2001.  Year-over-year revenue passenger miles
 increased 4.5% in February and 10.8% in March 2001.  Total available seat
 miles increased 2.8% in February and 8.9% in March.  Mesa's controllable
 completion rate, which excludes weather-related cancellations, was 97.6% in
 February and 97.3% in March.  Including weather and ATC related cancellations,
 Mesa's overall completion rates were 92.8% in February and 94.6% in March
 negatively impacting year-over-year comparisons in revenue passenger miles and
 available seat miles.  In addition, one fewer day in February 2001 also
 negatively impacted the year-over-year comparison for that month.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990210/LAW065 )
 
 
      February Results                Feb 01      Feb 00        Change
 
      Revenue Passenger Miles (000)  124,303     118,974         +4.5%
      Available Seat Miles (000)     249,234     242,551         +2.8%
      Passengers Carried             334,619     334,559        unchg.
      Load Factor                      49.9%       49.1%      +.8 pts.
 
      March Results                   Mar 01      Mar 00        Change
 
      Revenue Passenger Miles (000)  155,088     140,022        +10.8%
      Available Seat Miles (000)     286,170     262,901         +8.9%
      Passengers Carried             412,818     386,229         +6.9%
      Load Factor                      54.2%       53.3%     +0.9 pts.
 
      Year to Date Results            YTD 01      YTD 00        Change
 
      Revenue Passenger Miles (000)  406,925     368,322        +10.5%
      Available Seat Miles (000)     817,119     750,345         +8.9%
      Passengers Carried           1,086,094   1,025,036         +6.0%
      Load Factor                      49.8%       49.1%     +0.7 pts.
 
 
     Mesa Air Group's on-time arrival performance for the months of February
 and March were 70.8% and 71.6% respectively.  For the month of February, the
 most recent month with published DOT arrival statistics for comparative
 purposes, Mesa Air Group would have ranked number seven in on-time performance
 relative to the top ten major carriers.
     "We continued to pursue our fleet rationalization plan through the
 reduction of unprofitable turboprop flying while adding regional jets under
 contract with our partners America West and US Airways," said Mike Lotz, Mesa
 Air Group President.  "While our available seat mile growth was only 2.8% and
 8.9% in February and March respectively, our regional jet growth was 21.7% and
 29.3% while our turboprop production decreased 23.1% and 19.5% during the same
 periods.  Without immediate relief from higher costs, driven primarily by
 increased government regulation, we will continue to eliminate turboprop
 aircraft from our fleet.  It is unfortunate that this action will result in a
 loss of air service to many smaller communities whose traffic will not support
 regional jets."
 
     This press release contains various forward-looking statements that are
 based on management's beliefs, as well as assumptions made by and information
 currently available to management.  Although the Company believes that the
 expectations reflected in such forward-looking statements are reasonable, it
 can give no assurance that such expectations will prove to have been correct.
 Such statements are subject to certain risks, uncertainties and assumptions.
 Should one or more of these risks or uncertainties materialize, or should
 underlying assumptions prove incorrect, actual results may vary materially
 from those anticipated, estimated, projected or expected.
 
     Mesa Air Group was the recipient of the Professional Pilot Magazine's
 Pilot - Management Teamwork Award.  Air Midwest and Mesa Airlines, both wholly
 owned subsidiaries of Mesa Air Group, have recently received the Federal
 Aviation Administration Certificate of Excellence Diamond Award.  Mesa Air
 Group flies to over 138 cities in 36 states, the District of Columbia, Canada
 and Mexico.  The Company operates as America West Express in the Southwest, as
 US Airways Express throughout the East and Midwest, and independently as Mesa
 Airlines in New Mexico and Colorado.
 
 

SOURCE Mesa Air Group
    PHOENIX, April 4 /PRNewswire/ -- Mesa Air Group (Nasdaq: MESA) reported
 its preliminary traffic figures, on-time performance, and completion rate
 figures for February and March 2001.  Year-over-year revenue passenger miles
 increased 4.5% in February and 10.8% in March 2001.  Total available seat
 miles increased 2.8% in February and 8.9% in March.  Mesa's controllable
 completion rate, which excludes weather-related cancellations, was 97.6% in
 February and 97.3% in March.  Including weather and ATC related cancellations,
 Mesa's overall completion rates were 92.8% in February and 94.6% in March
 negatively impacting year-over-year comparisons in revenue passenger miles and
 available seat miles.  In addition, one fewer day in February 2001 also
 negatively impacted the year-over-year comparison for that month.
     (Photo:  http://www.newscom.com/cgi-bin/prnh/19990210/LAW065 )
 
 
      February Results                Feb 01      Feb 00        Change
 
      Revenue Passenger Miles (000)  124,303     118,974         +4.5%
      Available Seat Miles (000)     249,234     242,551         +2.8%
      Passengers Carried             334,619     334,559        unchg.
      Load Factor                      49.9%       49.1%      +.8 pts.
 
      March Results                   Mar 01      Mar 00        Change
 
      Revenue Passenger Miles (000)  155,088     140,022        +10.8%
      Available Seat Miles (000)     286,170     262,901         +8.9%
      Passengers Carried             412,818     386,229         +6.9%
      Load Factor                      54.2%       53.3%     +0.9 pts.
 
      Year to Date Results            YTD 01      YTD 00        Change
 
      Revenue Passenger Miles (000)  406,925     368,322        +10.5%
      Available Seat Miles (000)     817,119     750,345         +8.9%
      Passengers Carried           1,086,094   1,025,036         +6.0%
      Load Factor                      49.8%       49.1%     +0.7 pts.
 
 
     Mesa Air Group's on-time arrival performance for the months of February
 and March were 70.8% and 71.6% respectively.  For the month of February, the
 most recent month with published DOT arrival statistics for comparative
 purposes, Mesa Air Group would have ranked number seven in on-time performance
 relative to the top ten major carriers.
     "We continued to pursue our fleet rationalization plan through the
 reduction of unprofitable turboprop flying while adding regional jets under
 contract with our partners America West and US Airways," said Mike Lotz, Mesa
 Air Group President.  "While our available seat mile growth was only 2.8% and
 8.9% in February and March respectively, our regional jet growth was 21.7% and
 29.3% while our turboprop production decreased 23.1% and 19.5% during the same
 periods.  Without immediate relief from higher costs, driven primarily by
 increased government regulation, we will continue to eliminate turboprop
 aircraft from our fleet.  It is unfortunate that this action will result in a
 loss of air service to many smaller communities whose traffic will not support
 regional jets."
 
     This press release contains various forward-looking statements that are
 based on management's beliefs, as well as assumptions made by and information
 currently available to management.  Although the Company believes that the
 expectations reflected in such forward-looking statements are reasonable, it
 can give no assurance that such expectations will prove to have been correct.
 Such statements are subject to certain risks, uncertainties and assumptions.
 Should one or more of these risks or uncertainties materialize, or should
 underlying assumptions prove incorrect, actual results may vary materially
 from those anticipated, estimated, projected or expected.
 
     Mesa Air Group was the recipient of the Professional Pilot Magazine's
 Pilot - Management Teamwork Award.  Air Midwest and Mesa Airlines, both wholly
 owned subsidiaries of Mesa Air Group, have recently received the Federal
 Aviation Administration Certificate of Excellence Diamond Award.  Mesa Air
 Group flies to over 138 cities in 36 states, the District of Columbia, Canada
 and Mexico.  The Company operates as America West Express in the Southwest, as
 US Airways Express throughout the East and Midwest, and independently as Mesa
 Airlines in New Mexico and Colorado.
 
 SOURCE  Mesa Air Group