Net Income Halved at Express Jet, Hopes to Expand Delta Flying

Higher than expected pilot training costs, expenses on its transition of 36 aircraft and 2006 payment rates from Continental (CAL) forced the halving of ExpressJet Holdings (XJT) first quarter net income. It dropped 57 percent to $10.2 million, or 18 cents a share, while revenue rose 1.5 percent to $412...

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