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ExpressJet Reports September 2009 Performance

Mon. October 12, 2009; Posted: 05:09 PM
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HOUSTON, Oct 12, 2009 /PRNewswire-FirstCall via COMTEX/ -- XJT | Quote | Chart | News | PowerRating -- ExpressJet Holdings (NYSE: XJT | Quote | Chart | News | PowerRating) today announced traffic and capacity results for September 2009 for its ExpressJet Airlines subsidiary.

Scheduled Flying

During the month, ExpressJet revenue passenger miles (RPM) totaled 617 million, and available seat miles (ASM) flown were 808 million. ExpressJet's September load factor, operating as Continental Express, was 76.3%. The company flew 51,409 block hours and operated 28,289 departures during the month as Continental Express.

Corporate Aviation

ExpressJet flew 641 block hours during the month in its Corporate Aviation (charter) division. ExpressJet's fleet within the Corporate Aviation division consisted of eight 41-seat aircraft and 22 50-seat aircraft.

All Flying

ExpressJet had a total of 244 planes in its fleet during September - 214 allocated to flying as Continental Express and 30 operating in its Corporate Aviation division.

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 128 scheduled destinations in North America and the Caribbean with approximately 1,160 departures per day. Operations include a capacity purchase agreement for Continental; providing clients customized 41-seat and 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           Month Ending         Year Over Year
              September 30, 2009     September 30, 2008          Change

               Conti-    Corporate   Conti-    Corporate    Conti-   Corporate
               -nental   Aviation    -nental   Aviation     -nental  Aviation
               Express               Express                Express
    Revenue
     Passenger
     Miles
     (millions)    617                   517                    19%
    Available Seat
     Miles (ASM)
     (millions)    808                   730                    11%
    Passenger Load
     Factor      76.3%                 70.8%                5.5 pts
    Block Hours 51,409        641     47,281        518          9%        24%
    Departures  28,289                25,461                    11%
    Stage Length   573                   582                   (1%)
    Fleet          214         30        205         22          4%        39%



                 YTD Ending              YTD Ending             Year Over Year
              September 30, 2009     September 30, 2008            Change

                Conti-   Corporate    Conti-   Corporate    Conti-   Corporate
                -nental  Aviation     -nental  Aviation     -nental  Aviation
                Express               Express               Express

    Revenue
     Passenger
     Miles
     (millions)     5,852                6,051                  (3%)
    Available Seat
     Miles (ASM)
     (millions)    7,589                7,794                  (3%)
    Passenger Load
     Factor         77.1%                77.6%             (0.5) pts
    Block Hours   490,848     16,469   529,583      6,484       (7%)       n/m
    Departures    260,884              277,127                  (6%)
    Stage Length      583                  580                    1%
    Fleet             214         30       205         11         4%       n/m



SOURCE ExpressJet Holdings

http://www.expressjet.com
For full details for XJT click here.

    


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