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Smaller ExpressJet reports narrowed second-quarter loss

ExpressJet Holdings reported a $13.1 million second-quarter loss, an improvement from the $34.3 million deficit during the same period a year ago. Revenue plunged 61.9% to $170.6 million, a decline attributed to a drop in passengers and the suspension of its ExpressJet branded and Delta Air Lines operations. Operating loss narrowed to $10.8 million from $43.7 million as expenses sank 29.8% to $20.3 million. "These results are reflective of the worldwide drop in passenger revenues, which are forecast to continue through 2009," President and CEO Jim Ream said.

 

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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.