Air Transport World

Transition costs tug down ExpressJet profit.(RegionalNews)(Financial report)

ExpressJet Holdings posted a second-quarter loss of $26.4 million, reversing a $23.3 million profit during the same period a year ago, while revenue fell 5.8% to $395.2 million as the company launched its branded flying operation.

The new entity, which launched on April 2, contributed $28.2 million in revenue. It operates 42 dedicated aircraft to 24 cities in the western, central and southeastern US. "It's been a tough quarter for us," CEO Jim Ream said, emphasizing that the company transitioned 30 aircraft into new operations with its branded airline and Delta Air Lines during the period. As of June 30, 66 aircraft had been transitioned from Continental Airlines with the final three preparing to enter branded service. …

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