ExpressJet Holdings, reported a fourth quarter loss, excluding special charges, of $5.7 million versus $27.1 million for the same period in 2007. These results represent a $21.4 million net income improvement. Including special items related to suspended flying operations and tax adjustments related to Section 382 of the Internal Revenue Code, ExpressJet reported a fourth quarter loss of $30.2 million versus a fourth quarter 2007 reported loss of $31.7 million.
For the twelve months ended December 31, 2008, ExpressJet reported a loss, excluding special charges, of $54.7 million compared to a loss of $65.6 million for the same period in 2007. Including the special items mentioned above, ExpressJet’s loss totaled $88.2 million for the twelve months ended December 2008 versus $70.2 million for the prior year.
