ExpressJet Holdings, a Regional partner of Continental Airlines, reported a 10.9% drop in third-quarter net income to $22.7 million from $25.4 million in the same period a year ago. Operating revenues increased 8.8% to $428.6 million while operating expenses grew 10.8% to $394.1 million. Operating income was down 9% to $34.5 million. Traffic rose 14.1% to 2.7 billion RPMs, which bumped up load factor 1.5 points to 78.1%. ASMs increased 12% to 3.5 billion. Earlier this year, CO removed 69 ...

Subscribe to Access this Entire Article

"ExpressJet looks for footing as profits drop" 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.