ExpressJet Airlines reported second-quarter income of $23.3 million, a 4% drop from the year-ago period. Revenue increased nearly 8% to $419.4 million, expenses were up 10.2% to $383.8 million and operating income was $35.6 million, an 11.5% decrease. CEO Jim Ream attributed the decline to expenses related to the redeployment of 69 Embraer RJs dropped by Continental Airlines (ATWOnline, May 8) and "challenging weather" in the Northeast. Under the current agreement, ExpressJet operates solely ...

Subscribe to Access this Entire Article

"Burden of 69 dropped aircraft weighs on ExpessJet profits" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.