ExpressJet Airlines, reported fourth quarter net income of $30.2 million. These results reflect a one-time income tax benefit of $47.6 million, including a $17.1 million cash receivable associated with recent tax legislation, and an approximate $30 million non-cash adjustment of deferred tax assets.
For the full-year, ExpressJet reported a net loss of $3.3 million. Excluding special items, ExpressJet reported a $1.6 million net loss for the full-year 2009.
