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Aug 2
ExpressJet Holdings Inc., Sees Lower Profits vs Last Years 2nd Qtr.
ExpressJet Holdings, Inc., (XJT) saw lower earnings this past quarter but still managed to rake in over $23 million in profits.  Higher expenses were the cause of the lower profit for ExpressJet, fuel being one of those factors. 

"This summer our employees are operating our busiest schedule since 2001, carrying record load factors and continuing to focus on reliability and customer service. They are doing a great job, and I sincerely appreciate all of their hard work," said ExpressJet President and CEO Jim Ream.

In May, the airline, which operates 274 regional jets, said it will remove 69 regional aircraft it flies for Continental after the two carriers ended a capacity purchase agreement.

The former Continental unit has yet to reach a decision on what to do with the planes. Options include starting a corporate shuttle or charter service, hooking up with another airline in the United States or overseas, or flying under its own brand.

Airwise News

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