ExpressJet Holdings reported a first-quarter net loss of $11.4 million, narrowed 68.1% from a net loss of $35.7 million in the year-ago period, saying it benefited "from the cost-cutting performed during the second half of 2008 in response to record-breaking fuel prices and its amended capacity purchase agreement with Continental [Airlines]." ExpressJet and CO last year reached a new seven-year capacity purchase agreement that included lower rates (ATWOnline, June 9, 2008). It currently ...

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