ExpressJet Reports March 2010 Performance

News provided by

ExpressJet Holdings, Inc.

Apr 12, 2010, 06:08 ET

HOUSTON, April 12 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc. (NYSE: XJT), parent company of regional and charter airline operator, ExpressJet Airlines, Inc., today reported traffic and capacity results for March 2010.

Partner Flying

During the month, ExpressJet revenue passenger miles (RPM) totaled 813 million, and available seat miles (ASM) flown were 1,023 million.  ExpressJet's March load factor for Partner Flying was 79.4%.  The company flew 65,323 block hours and operated 36,078 departures during the month as Continental Express and United Express.  During March 2010, ExpressJet operated an average of 208 aircraft as Continental Express and an average of 22 aircraft as United Express.

Corporate Aviation

ExpressJet flew 759 block hours during the month in its Corporate Aviation (charter) division.  During the month, ExpressJet's fleet within the Corporate Aviation division consisted of 10 aircraft.

Total Fleet

ExpressJet ended March 2010 with a fleet of 244 aircraft consisting of 208 operating as Continental Express, 22 flying as United Express and 10 flying within Corporate Aviation (charter).  The remaining four aircraft were in modification lines preparing to enter the United Express operation.

About ExpressJet

ExpressJet Holdings operates several divisions designed to leverage the management experience, efficiencies and economies of scale present in its subsidiaries, including ExpressJet Airlines, Inc. and ExpressJet Services, LLC.  ExpressJet Airlines serves 134 scheduled destinations in North America and the Caribbean with approximately 1,045 departures per day.  Operations include capacity purchase agreements for Continental and United as well as providing clients customized 50-seat charter options (www.expressjet.com/charter); and supplying third-party aviation and ground handling services.  For more information, visit www.expressjet.com.

EXPRESSJET HOLDINGS, INC. AND SUBSIDIARIES

PRELIMINARY STATISTICS


Month Ending
March 31, 2010

Month Ending
March 31, 2009

Year Over Year

Change


Partner Flying

Corporate Aviation

Partner Flying

Corporate Aviation

Partner

Flying

Corporate Aviation











Revenue Passenger Miles (millions)

813


663


23%


Available Seat Miles (ASM) (millions)

1,023


874


17%


Passenger Load Factor

79.4%

75.9%

3.6 pts

Block Hours

65,323

759

57,709

912

13%

(17%)

Departures

36,078

29,412

23%

Stage Length

568

596

(5%)

Fleet*

230

14

214

30

7%

(53%)










Year to date

Partner Flying

Corporate Aviation

Partner Flying

Corporate Aviation

Partner

Flying

Corporate Aviation










Revenue Passenger Miles (millions)

2,071


1,709




21%


Available Seat Miles (ASM) (millions)

2,742


2,386




15%


Passenger Load Factor

79.4%

71.6%

7.8 pts

Block Hours

177,255

3,027

157,606

3,231

12%

(6%)

Departures

95,963

81,058

18%

Stage Length

573

591

(3%)

Fleet

224

20

214

30

5%

(35%)

*

Includes 4 aircraft in various modification lines preparing for the multiyear arrangement that begins with United in May 2010.

SOURCE ExpressJet Holdings, Inc.

WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?

icon3
440k+
Newsrooms &
Influencers
icon1
9k+
Digital Media
Outlets
icon2
270k+
Journalists
Opted In
GET STARTED