ExpressJet Holdings, which flies for partners Continental Airlines and Delta Air Lines as well as its own branded operation, reported a $31.3 million first-quarter loss, reversed from a $10.2 million profit in the first three months of 2007. A $13.7 million impairment charge related to investments in auction rate securities held by the company dragged on the bottom line, while revenue rose just 8.6% to $448.2 million. Costs climbed 21.3% to $483.2 million, swinging ExpressJet to a $35 ...

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