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 ...

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