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. ...

Subscribe to Access this Entire Article

"ExpressJet plunges to 2007 loss" 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?

Already registered? here.