ExpressJet Reports January 2010 Performance
February 15 2010 - 5:09PM
PR Newswire (US)
HOUSTON, Feb. 15 /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 January 2010. Scheduled Flying During the
month, ExpressJet revenue passenger miles (RPM) totaled 611
million, and available seat miles (ASM) flown were 849 million.
ExpressJet's January load factor, operating as Continental Express,
was 72%. The company flew 54,867 block hours and operated 28,863
departures during the month as Continental Express. ExpressJet
operated an average of 210 aircraft within its Continental Express
operation during January 2010. Corporate Aviation ExpressJet flew
4,234 block hours during the month in its Corporate Aviation
(charter) division, including 3,229 block hours flown under a
short-term arrangement with United Airlines that began December 1.
During the month, ExpressJet's fleet within the Corporate Aviation
division consisted of four 41-seat aircraft and 26 50-seat
aircraft. Total Fleet ExpressJet ended January 2010 with a fleet of
244 aircraft consisting of 208 operating as Continental Express,
and 30 flying within Corporate Aviation (charter), including 10
operating as United Express. The remaining 6 aircraft were in
various modification lines preparing for the multiyear arrangement
that begins with United in May 2010. 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 130 scheduled
destinations in North America and the Caribbean with approximately
1,100 departures per day. Operations include a capacity purchase
agreement for Continental as well as an announced agreement with
United; providing clients customized 41-seat and 50-seat charter
options (http://www.expressjet.com/charter); and supplying
third-party aviation and ground handling services. For more
information, visit http://www.expressjet.com/. EXPRESSJET HOLDINGS,
INC. AND SUBSIDIARIES PRELIMINARY STATISTICS Month Ending Month
Ending January 31, 2010 January 31, 2009 Year Over Year Change
Continental Corporate Continental Corporate Continental Corporate
Express Aviation Express Aviation Express Aviation -----------
--------- ----------- --------- ----------- --------- Revenue
Passenger Miles (millions) 611 530 15% Available Seat Miles (ASM)
(millions) 849 777 9% Passenger Load Factor 72.0% 68.2% 3.8 pts
Block Hours 54,867 4,234 51,470 1,197 7% n/m Departures 28,863
26,598 9% Stage Length 590 586 1% Fleet 210 34* 214 30 (2%) 13%
Year to Continental Corporate Continental Corporate Continental
Corporate date Express Aviation Express Aviation Express Aviation
----------- --------- ----------- --------- ----------- ---------
Revenue Passenger Miles (millions) 611 530 15% Available Seat Miles
(ASM) (millions) 849 777 9% Passenger Load Factor 72.0% 68.2% 3.8
pts Block Hours 54,867 4,234 51,470 1,197 7% n/m Departures 28,863
26,598 9% Stage Length 590 586 1% Fleet 210 34* 214 30 (2%) 13% *
Includes 6 aircraft in various modification lines preparing for the
multiyear arrangement that begins with United in May 2010.
DATASOURCE: ExpressJet Holdings, Inc. CONTACT: Kristy Nicholas,
+1-832-353-3333 Web Site: http://www.expressjet.com/
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