ExpressJet Holdings Inc. Q3 2008 Earnings Call Transcript

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2008-11-20 05:34:36.0

Tags: Revenue, Hour, Call Transcript, Earnings, Expressjet Holdings Inc., Operational Accounting, Research & Development, Finance, Business Operations, Seeking Alpha, Revenue, Hour, Call Transcript, Earnings, Expressjet Holdings Inc., Operational Accounting, Research & Development, Finance, Business Operations, Seeking Alpha

Question-and-Answer Session

Operator

(Operator Instructions) Your first question comes from the line of Daniel McKenzie - Credit Suisse.

Brian Brockmire - Credit Suisse

Hi. This is actually Brian Brockmire filling in for Dan. Just on the charter business historically, it has been poorly performing and I am just kind of wondering given the worsening economy, how are you thinking about that business looking ahead?

James Ream

Actually we will continue to see pretty solid growth in that business and I think it is obviously spilling as a real business would as we gain more customers, we are seeing more follow on business from those customers and we are sort of moving into different segment. So pretty solid improvement in revenues year over year and we see a pretty positive trend in the fourth quarter.

Operator

Your next question comes from the line of Bob McAdoo - Avondale Partners.

Bob McAdoo - Avondale Partners

Yes, in the statistics chart back there, you have a little footnote that says it excludes charter because obviously ASMs are RPMs are not relevant to charter. So the block hours, you exclude charter as well so that those block hours that are there are literally only your branded plus the Delta plus Continental or is this the total block hours that were flown?

James Ream

They are just the scheduled block hours that are under the schedule of service and the statistic that you may see with the DOT, we filed those with the DOT but for the press release information, it is just scheduled service.

Bob McAdoo - Avondale Partners

Okay. Is there any way that if we are trying to figure out how things are going to look and try to get some models that are kind of halfway interesting or halfway closing now so we can maybe get people interested, is there any way we can get more information about on the revenue side and what is kind of the ongoing Continental stream of revenues relative to your block hours so that we could, with this number kind of number there with Delta plus Continental plus branded and whatever it is, it is really tough to go forward with any kind of a real number. Is there any way we can get any handle on that or is that going to be filed in an SEC filing or something?

James Ream

Yes, Bob the best thing to do is to call Kristy Nicholas and she can help you with the modeling. We are kind of working through all of these ourselves and obviously by the fourth quarter into much cleaner result but to help you out, she can get you going right now. If any will get the queue here at the end of this week, that will be the next level of information and by the time we get to the fourth quarter, it will be pretty clean.

 

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