CEO Jim Ream to Present at Raymond James Institutional Investor Conference
HOUSTON, March 3 /PRNewswire-FirstCall/ -- ExpressJet Holdings, Inc.
(NYSE: XJT) today updated long-term capacity growth projections for the all-
jet regional air carrier. The company currently forecasts compound annual
growth rates in available seat miles of approximately 15.5 percent for the
period of 2002 through 2007, based on firm aircraft deliveries.
President and CEO Jim Ream will include the information presented above to
investors and financial analysts on March 4, 2003, at 11:10 a.m. EST during
his presentation at the Raymond James 24th Annual Institutional Investors
Conference in Orlando, Fla.
A live webcast of the audio portion of the presentation will be available
in the "Investor Relations" section of ExpressJet's corporate website at
expressjet.com . The webcast also will be available online for 14 days
following the conference.
ExpressJet Airlines -- Air Transport World's 2003 Regional Airline of the
year -- employs more than 5,600 people and provides Continental Airlines with
all of its regional jet airline capacity at its New York, Houston and
Cleveland hubs, with approximately 1,000 daily departures and service to
114 destinations in 35 states, the District of Columbia, Mexico and Canada.
Continental Express, operated by ExpressJet Airlines, Inc., offers advance
seat assignments and OnePass frequent flyer miles, which can be redeemed
anywhere in the world Continental and its alliance carriers fly. ExpressJet
Airlines is owned by ExpressJet Holdings, Inc. For more information, visit
expressjet.com .
Portions of this news release contain forward-looking statements as
defined in the Private Securities Litigation Reform Act of 1995. These
statements reflect our expectations about future events and are subject to
uncertainties, many of which are outside our control. Some of the known risks
that could significantly impact revenues, operating results and capacity
include, but are not limited to, our dependence on our capacity purchase
agreement with Continental Airlines; our dependence on Continental Airlines'
financial and operational strength; labor costs and relations, including the
results of union contract negotiations; flight disruptions as a result of
operational matters; deliveries of additional aircraft; our ability to
implement our growth strategy; regulatory developments and costs, including
the costs and other effects of enhanced security measures and other possible
Federal Aviation Administration requirements; our high leverage; certain tax
matters; competition and industry conditions; and the seasonal nature of the
airline business. Additional information concerning these risk factors are
described in our filings with the Securities and Exchange Commission,
including our Annual Report on Form 10-K for the year ended December 31, 2002.
In light of these uncertainties, the events described in the forward-looking
statements of this news release might not occur or might occur to a materially
different extent than described in this presentation. We undertake no duty to
update or revise any of our forward-looking statements, whether as a result of
new information, future events or otherwise.
SOURCE ExpressJet Holdings, Inc.
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Related links:
http://www.expressjet.com
http://www.rjcapitalmarkets.com/conference_detail_main.asp?content_id=58
CONTACT:
Corporate Communications of ExpressJet
Holdings, Inc., +1-713-324-5080, or xjtinvestor@coair.com
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