ExpressJet Holdings reported a $70.2 million loss in 2007 compared to a profit of $92.6 million in 2006. Revenue rose just 0.2% to $1.69 billion while expenses soared 16.3% to $1.79 billion owing to higher fuel costs and expenses related to the launch of its branded flying operation. It had an operating loss of $106.9 million compared to a profit of $140.1 million a year earlier. In an effort to stem the losses, the company will reduce its number of branded aircraft from 44 to 36 in April. ...

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