ExpressJet Holdings, Inc. Q4 2007 Earnings Call Transcript

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2008-03-10 07:53:11.0

Tags: Expressjet Holdings Inc.

Question-and-Answer Session

Operator

Thank you, we will now begin the question and answer session. (Operator instructions). Our first question comes from Michael Linenberg from Merrill Lynch, please go ahead.

Michael Linenberg – Merrill Lynch

Yeah, hi, good morning. I guess a couple questions here. First, if we just do the math, you have 50 airplanes in your branded and your Delta prorate and I think you indicated that you redeployed a few more this quarter to prorate. I guess when you were flying 220 departures in the branded, what were the number of airplanes and then at 200 and then going down to 172, I just want to get the exact numbers.

Jim Ream

We’ll, I think the K will obviously have a lot more information for you to build to kind of do a little better job of modeling things out Mike. But on balance we had you know before we did the November schedule change we had 42 lines of flight in the point to point operation and eight aircraft working for Delta, so we went down to 39 lines of flight and aircraft kind of dedicated when we made that change.

As we do the April change, you’re probably looking at effectively around 36 aircraft working in the point to point operation. And you know we’re probably from a utilization standpoint looking at kind of the lower 30’s. We’ll start redeploying aircraft into either charter on intro prorate options you know as we kind of continue to have conversations with several other carriers.

Michael Linenberg – Merrill Lynch

Okay and then at 36 though, is that just to do the math, is that at 14 at Delta or is the number actually less than that?

Jim Ream

Well right now we’re still at 11, we’re looking at some opportunities to maybe expand a couple of markets out of there that may eat up another aircraft and we’re in conversations with a couple of other carriers about whether or not we can provide some opportunities in and out of their networks.

Michael Linenberg – Merrill Lynch

Okay and then my next question is when you look at the lines of flying and so you’re at 42 and I think when you’re in April your 36 aircraft, what are the number of lines of flying you think you’ll be operating in April?

Jim Ream

You know right now, probably around 31 to 32.

 

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