24-Feb-2010 2:59 PM
ExpressJet achieves 4Q2009 profit, but not from operations
Analysis
Citing a one-time tax benefit, ExpressJet reported a USD30.2 million fourth quarter net profit or USD1.79 per share. However, the airline, while saying it is happy to be able to report a profit, indicated it has a long way to go to achieve profitability from operations. Indeed, it indicated that it would not be able to achieve it this year.
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