Company Watch - ExpressJet.Aug 13, 2007 ExpressJet Holdings, which provides regional air service for Continental Airlines, on Wednesday reported a quarterly loss that widely missed estimates, burdened by costs from starting up its own scheduled service. ExpressJet, which began flying under its own brand in April, said it had lost USD USD In currencies, this is the abbreviation for the U.S. Dollar. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. $26.4 million, compared with a year-earlier profit of USD$23.3 million. Operating revenue operating revenue Revenue from any regular source. Revenue from sales is adjusted for discounts and returns when calculating operating revenue. Compare other revenue. fell 5.8 percent to USD$395.2 million. Aug 9, 2007 ExpressJet was forced to find new ventures for 69 planes, or about a quarter of its fleet, after Continental canceled a capacity purchase agreement last year. Its largest, and perhaps riskiest venture, is to fly its own scheduled service with about 42 of its 50-seat aircraft, connecting secondary cities such as Oklahoma City Oklahoma City (1990 pop. 444,719), state capital, and seat of Oklahoma co., central Okla., on the North Canadian River; inc. 1890. The state's largest city, it is an important livestock market, a wholesale, distribution, industrial, and financial center, and a farm and San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. . The company also flies corporate air charters and has reached agreements with Delta Air Lines to provide the carrier with regional service. Aug 9, 2007 ExpressJet, which was in a fee dispute with former parent Continental over 2007 rates, said a panel had decided that the rates originally presented by ExpressJet should be reduced by USD$14.2 million. The decision resulted in a USD$6.5 million decrease in the second-quarter's operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. , ExpressJet said. Aug 9, 2007 ExpressJet Reports Second-Quarter Loss ExpressJet Holdings, which provides regional air service for Continental Airlines, on Wednesday reported a quarterly loss that widely missed estimates, burdened by costs from starting up its own scheduled service. Aug 8, 2007 Editorial eMail: edit@AirGuideOnline.com For Air Transport & Travel Business Experts contact our Director of Content Aram Gesar eMail: bizintel@AirGuideOnline.com For more global news, reviews, features and analysis, please subscribe to Verb 1. subscribe to - receive or obtain regularly; "We take the Times every day" subscribe, take buy, purchase - obtain by purchase; acquire by means of a financial transaction; "The family purchased a new car"; "The conglomerate acquired a new company"; our Newsletters: http://www.airguideonline.com/order_formsubs.htm#news To Advertise: advert@AirGuideOnline.com AirGuideFlightTracker is a new service that keeps travelers informed on flight and airport status via the Web. For more go to http://www.airguideonline.com/airline_tracker.htm Copyright [c] 2007 Pyramid pyramid, structure pyramid. The true pyramid exists only in Egypt, though the term has also been applied to similar structures in other countries. Egyptian pyramids are square in plan and their triangular sides, which directly face the points of the Media Group / Air Travel Media. All rights reserved. |
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