ExpressJet Holdings, a Regional partner of Continental Airlines, reported yesterday a 20.2% drop in annual net profit from $122.8 million in 2004 to $98 million in 2005, a year that concluded with CO's unexpected December decision to eliminate 44 ERJ-145XRs and 25 ERJ-145LRs--25% of the ExpressJet fleet--from its capacity purchase agreement (ATWOnline, Jan. 4). The Regional has until September to place the leased aircraft or return them to Continental. "We just have to wait and see who ...

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