ExpressJet revenue up 5.1%, operating loss widens in 4Q2009

ExpressJet revenue up 5.1% - financial highlights:

• Three months ended 31-Dec-2009:
  • Operating revenue: USD168.8 million, +5.1% year-on-year;
  • Operating cost: USD185.9 million, +9.8%;
  • Labour: USD88.5 million, +16.7%;
  • Maintenance, materials & repair: USD38.4 million, +4.9%;
  • Operating profit (loss): (USD17.1 million), compared to a loss of USD8.7 million in the previous corresponding period;
  • Net profit: USD30.2 million, compared to a loss of USD35.0 million in the previous corresponding period;
• 12 months ended 31-Dec-2009:
  • Operating revenue: USD688.3 million, -47.8%;
  • Operating cost: USD735.4 million, -48.7%;
  • Labour: USD329.2 million, -17.2%;
  • Maintenance, materials & repair: USD161.5 million, -16.9%;
  • Operating profit (loss): (USD47.2 million), compared to a loss of USD116.5 million in the previous corresponding period;
  • Net profit (loss): (USD3.3 million), compared to a loss of USD95.1 million in the previous corresponding period. [more][more - Perspective]