ExpressJet Holdings' net income for the first quarter ended March 31 plunged 57.2% to $10.2 million from $23.7 million in the year-ago period as an ongoing contract dispute with regional partner Continental Airlines, higher pilot training costs and expenses related to transitioning 36 aircraft from its capacity purchase agreement with CO dragged on the bottom line. "Obviously the results are worse," President and CEO Jim Ream said. "Most of what we are looking at reflects transition of the ...

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