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ExpressJet sees revenue rise but net profit fall in first quarter

ExpressJet Holdings posted net income of $23.3 million for the first quarter ended March 31, an 18.9% decline from net income of $28.7 million in the year-ago period. The company said the figures represent the first quarterly results of operations under its new 2005 compensation rates, which were established with a 10% target operating margin under its capacity purchase agreement with Continental Airlines. First-quarter operating revenue increased 3% to $375.4 million while operating expenses grew 6.7% to $336.6 million. However, CASM dropped 6.5% to 12.28 cents.

 

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

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As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.


 

As a subscriber to one of Aviation Week Network’s market briefings, your searches only provide you with access to articles from within that product.

To find out about obtaining additional data – including the most comprehensive details on organizations, fleets, personnel and programs – click here or call +1.561.279.4661.