29-Apr-2010 5:35 PM
ExpressJet facing significant headwinds even with new business
Analysis
Significant start-up costs for its new United Express operation, rising labour costs and penalties for irregular operations during the winter snowstorms conspired to widen the losses experienced by ExpressJet Holdings during the first quarter as it posted a loss of USD16.1 million, up 41.1% from the year-ago period.
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