ExpressJet Holdings Inc. (XJT)

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ress Release Source: Continental Airlines

Continental Airlines Is Notified of ExpressJet's Decision to Keep 69 Regional Jets
Friday May 5, 7:02 pm ET

HOUSTON, May 5 /PRNewswire-FirstCall/ -- Continental Airlines (NYSE: CAL - News) today announced that it has received notice from ExpressJet Holdings, Inc. (NYSE: XJT - News) that ExpressJet will keep the 69 regional jets that Continental recently elected to remove from the capacity purchase agreement between the two companies. Continental will continue to sublease the aircraft to ExpressJet, but at significantly increased lease rates.
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The aircraft will be withdrawn from the capacity purchase agreement over a six-month period beginning in December 2006 and ending in June 2007.

Continental expects to replace some or all of the capacity currently provided by the 69 regional jets. Continental believes that there are ample regional jets and other aircraft available to Continental to replace this capacity at a lower cost.

"We have the time and flexibility to pursue a number of options for our future regional flying needs," said Larry Kellner, Continental Airlines chairman and CEO. "Continental has a broad and diverse network, and we will make decisions about our future regional capacity needs based on what we feel is best for our customers and employees."
 
AP
ExpressJet Shares Rise on Upgrade
Monday May 8, 11:06 am ET
Merrill Analyst Upgrade Pushes ExpressJet Shares Higher

NEW YORK (AP) -- Regional-carrier owner ExpressJet Holdings Inc. shares rose 11 percent in morning trading Monday, after an analyst upgraded its shares on the belief they have dropped further than warranted.
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Shares of the Houston-based company rose 68 cents, or 12 percent, to $6.30 in morning trading on the New York Stock Exchange. The stock's 52-week peak is $10.97, reached in late December.

ExpressJet led a generally up morning for airline stocks, which benefited as oil prices retreated below $70 a barrel. Jet fuel is typically among the top two costs for an airline, along with labor.

Merrill Lynch analyst Michael Linenberg upgraded ExpressJet's stock to "Neutral" from "Sell." In a research note, he wrote that he did not expect ExpressJet to hold onto all 69 regional jets that are being withdrawn from a code-share agreement with Continental Airlines.

ExpressJet has an agreement to operate as Continental Express, feeding passengers from smaller cities to Continental mainline flights.

ExpressJet said Friday it would keep all 69 jets, which Continental earlier decided to remove from its capacity purchase agreement.

Linenberg said keeping all of the planes meant ExpressJet likely will not see revenue and earnings drop as much as he predicted.

The analyst cautioned he does not see the company out of the woods yet. But the stock's 20 percent drop in the previous month "sufficiently discounts the uncertainty."
 
euters
ExpressJet profit rises on increased travel demand
Wednesday May 10, 8:06 am ET

NEW YORK (Reuters) - ExpressJet Holdings Inc. (NYSE:XJT - News), which provides regional jet service for Continental Airlines (NYSE:CAL - News), on Wednesday said quarterly profit edged higher as it flew more flights amid a resurgence in air travel.
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The feeder airline said first-quarter profit rose to $23.8 million, or 40 cents a share, from $23.3 million, or 39 cents a share, a year earlier.

Wall Street expected 42 cents per share profit, on average, according to Reuters Estimates. Operating revenue rose 8 percent to $404.2 million. Analysts expected $408.9 million.

The airline flew 12 percent more flight hours in the latest quarter over a year ago as the demand for air travel continued to rebound.

ExpressJet said it performed better than the terms of its agreement with Continental and rebated $2.6 million to its partner airline to reach its contractual operating margin.

ExpressJet, under pressure from Continental to yield greater profit, said last week it would keep 69 planes leased from its partner airline after the two carriers failed to agree new terms for providing regional services.

The move frees up ExpressJet to release some or all of the planes to another operator, or try to operate them under a new banner. The 69 jets represent about one-quarter of the 274 planes that ExpressJet operates.

The regional carrier is the latest to come under pressure from larger partners trying to negotiate tougher terms as they struggle with soaring fuel prices.
 
su
 

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uppla
 

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novità???
 

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il petrolio scende e xjt sale.. di nuovo nei 7 ....7,12 per la precisione
vediamo domani se passa la soglia :specchio:
 
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Forse è giunta l'ora che le compagnie aeree si solllevino dal baratro, sono davvero a sconto conclamato enoi sappiamo bene quanto ci piace raccogliere il letame dalla strada per poi convertirlo in oro.
 
AP
ExpressJet September Traffic Jumps
Monday October 2, 5:08 pm ET
ExpressJet Holdings Posts 17.3 Percent Rise in September Passenger Traffic


HOUSTON (AP) -- ExpressJet Holdings Inc., which operates as Continental Express, on Monday said passenger traffic rose 17.3 percent in September as the regional airline grew capacity.
The company logged 787.9 million revenue passenger miles, up from 671.4 million a year ago.

Capacity, measured as available seat miles, climbed 16 percent to 1.05 billion from 904.6 million a year earlier. Load factor, or occupancy, improved 0.9 points to 75.1 percent during the month.

Year to date, ExpressJet has recorded an 18 percent increase in traffic to 7.77 billion revenue passenger miles versus 6.58 billion in the same period last year. Capacity grew 11.8 percent to 9.93 billion available seat miles from 8.88 billion, while load factor jumped 4.1 points to 78.2 percent.
 
in pista..
 

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ExpressJet profit slip on expenses, lags view
Wednesday November 8, 7:57 am ET

NEW YORK (Reuters) - ExpressJet Holdings Inc. (NYSE:XJT - News), which provides regional service for Continental Airlines (NYSE:CAL - News), posted a lower-than-expected net profit on Wednesday, hurt by higher expenses.
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The feeder airline said net profit fell 11 percent to $22.7 million, or 38 cents per share, from $25.5 million, or 43 cents per share, a year earlier.

Wall Street analysts, on average, were expecting 42 cents per share, according to Reuters Estimates.

Last May, ExpressJet said it would hold on to 69 regional jets after Continental canceled a capacity purchase agreement. That decision left the company searching for new business ventures for the planes.

ExpressJet said it would add five of those freed up aircraft to its Corporate Aviation business, bringing the fleet in that unit up to 15.

Operating revenue rose 8.8 percent to $428.6 million, helped by fuller planes. Load factor, the measure of how full flights are, rose 1.5 points to 78.1 percent.

Operating margin fell to 8.1 percent from 9.6 percent. The company rebated $2.6 million back to Continental to meet its contractual operating margin of 10 percent.

It said it also incurred additional costs related to its diversification, back-office infrastructure and headquarters relocation.

(Additional reporting by Christopher Kaufman)
 
22 novembre 2006
Opa Usa da 10 miliardi $ per l'australiana Qantas. Il titolo vola
di Gianluigi Torchiani

Il mercato del trasporto aereo è in fermento: dopo l'Opa di Us Airways su Delta Airlines di pochi giorni fa (8,67 miliardi di dollari), la compagnia aerea australiana Qantas Airways ha ricevuto un'offerta d'acquisto da parte di un consorzio composto dalla banca d'affari Macquarie Bank e dal gruppo di private equity Texas Pacific Grop. Secondo indiscrezioni, i due gruppi avrebbero valutato Quantas, la più importante compagnia aerea nazionale, circa 10 miliardi di dollari australiani, ovvero 6,18 miliardi di euro: il piano prevede che Macquarie acquisisca il 25% delle azioni, altri investitori australiani un altro 25%, il management l'1%, mentre il restante 49% sarebbe comprato da un gruppo guidato da Texas Pacific Group. La trattativa è però appena gli inizi: «contatti sono riservati e incompleti ed è in corso un'indagine da parte di Qantas», recita un laconico comunicato dell'azienda australiana. Nonostante questo tentativo di gettare acqua sul fuoco, le notizie sinora trapelate hanno messo le ali al titolo Qantas, che ha chiuso a Sidney con un rialzo del 14,94%, a 5 dollari, dopo aver toccato un massimo di 5,25, nuovo record assoluto. I possibili acquirenti potrebbero però trovarsi a fare i conti con l'ostilità dell'opinione pubblica australiana: Qantas è considerata in patria una vera e propria icona nazionale, è reduce da anni di profitti record e trasporta circa due passeggeri su tre nel mercato domestico. I rappresentanti dei lavoratori della Qantas hanno già annunciato la loro opposizione a ogni ipotesi di cessione in mani straniere, mentre Barnaby Joyce, senatore del National Party, ha dichiarato che «Qualcosa dovrà essere fatto per proteggere l'interesse nazionale».

Anche se l'acquisto di Qantas non andasse a buon fine, l'offerta testimonia la crescente appetibilità del mercato aeronautico, grazie anche al crollo del 20% del prezzo del carburante nell'ultimo anno. Oltre all'Opa di Us Airwais su Delta, lo scorso mese la compagnia aerea Ryan Air ha presentato un'offerta da 1,9 miliardi di dollari per l'irlandese Aer Lingus.
 
AP
ExpressJet November Traffic Up 7.9 Percent
Friday December 1, 5:51 pm ET
ExpressJet November Traffic Up 7.9 Percent, Capacity Improves 6.5 Percent

HOUSTON (AP) -- ExpressJet Holdings Inc., a feeder carrier for Continental Airlines, Friday said traffic in November rose 7.9 percent as capacity and occupancy both posted gains.
Revenue passenger miles rose to 819.2 million from 759 million. A revenue passenger mile is an industry unit measuring one paying passenger flown one mile.

Load factor, or occupancy, improved to 77.4 percent from 76.4 percent, while capacity advanced by 6.5 percent to 1.06 billion available seat miles from 994 million.

For the year to date, traffic rose 16.2 percent, capacity gained 11 percent and occupancy increased 3.5 points, ExpressJet said.
 
al di la della opinione degli analisti la trimestrale e' ok,,
inoltre,,il settore potrebbe beneficiare del calo del prezzo del petrolio

qualcuno se la sente di dare un parere sul grafico,,,,
dove passa il supporto???

grazie

P


http://biz.yahoo.com/ap/070124/earns_expressjet.html?.v=1

AP
ExpressJet 4Q Earnings Fall 8 Percent
Wednesday January 24, 9:44 am ET
ExpressJet Holdings Fourth-Quarter Profit Declines As Higher Operating Costs Squeeze Margins


HOUSTON (AP) -- ExpressJet Holdings Inc., which operates regional flights for Continental Airlines Inc., said Wednesday its fourth-quarter profit fell 8 percent, as higher operating costs squeezed margins.
Quarterly earnings declined to $22.8 million, or 39 cents per share :):), from $24.9 million, or 42 cents per share during the same period last year.

Analysts polled by Thomson Financial forecast a profit of 39 cents per share.

Revenue grew 5 percent to $425.8 million from $405 million during the same period a year ago.

ExpressJet said operating costs in the quarter rose and tightened margins, as Continental stopped handling certain business functions for the company.

Annual earnings fell 6 percent to $92.6 million, or $1.56 per share, from $98 million, or $1.65 per share in 2005. Revenue rose 8 percent to $1.68 billion from $1.56 billion.

Analysts forecast a profit of $1.57 per share
 
grafico daily
 

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7.50-7.75 $ :confused: un po' si compra :)

qualcuno sa se vi sono tizi piu' o meno affidabili sul board di yahoo??

questo tale scrive:

Looks like XJT is going to be nearing it's proper valuation in about another 20% 8'). That is, if they don't secure placement for the additional 54 of the 69 (15 are going to be executive planes for hire) planes dropped by CAL. This is how I reached the aforementioned conclusion:

1) Most of the regional have a PE of around 10. I would also like to point out that xjt's books are awesome in comparison ie. debt/cash debt/equity

2) Here comes the 5th grade math...
(197 planes in service going forward)/(266 planes currently in their fleet) = .74

That means we can expect, worse case scenario IMO, a 26% decline in earnings. Current EPS are 1.6, so if we X by .74 we get the new EPS sans 69 jets = 1.18 ergo Today's close of 9.55/1.18 = (8.09 forward looking PE) This is still at a 20% discount to the average regional airline.

What do think is going to happen to the price if the management finds a home for the rest of these beautiful planes? If homes are found you would have a company with maybe the best books in the sector and a PE around 6. IF that were to happen, we could easily see $14 in a matter of minutes.


Sentiment : Buy

messaggio antecedente la trim. ciao Paolino ;)
 
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a grafico buona, ma non so valutare le ultime news.
chi mi aiuta? grazie
 

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entrato ieri a 2,48.... c'è nessuno dentro?????
 
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