ExpressJet, which operates in the Continental Express feeder network, reported a 17.9% drop in net income to $24.3 million for the second quarter ended June 30 compared to net income of $29.7 million in the prior-year period. Operating revenue in the quarter rose 4.8% to $388.7 million while operating expenses jumped 8.7% to $348.7 million on a 13.3% increase in fuel expense. However, operating CASM actually decreased 6.5% to 11.52 cents. Operating income was down 20.3% to $40 million ...

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