Finance news. My opinion.

May 24, 2008

ExpressJet cuts flights from Sacramento

Filed under: finance — Tags: , , — Professor @ 1:20 am

Regional jet airline ExpressJet Airlines is reducing service from Sacramento International Airport from 13 daily departures to nine, effective Aug. 23, adding service to a couple of California cities and cutting other routes.

Sacramento International will gain service to Ontario and Monterey, company spokesman Kristy Nicholas said Friday. The airline will end service to Oklahoma City and Tulsa, Okla., and will cut the number of flights on other routes.

Jim Ream, president and chief executive of Houston-based ExpressJet Holdings Inc., told shareholders Thursday that the airline would reduce its fall schedule by 30 percent to help offset rising fuel costs and excess capacity in the market. The cutbacks will last at least into November, he said.

"Our fall schedule reduction is partially offset by adding service in short-haul routes," Ream said. "We are dedicated to meeting our customers' needs for service while working to optimize our network in the face of a fuel price that continues to break records daily."

As of Aug no fax payday loan. 23, Sacramento will gain three flights a day to Ontario and once-a-day service to Monterey.

ExpressJet now offers flights between Sacramento and Tucson, Tulsa, San Antonio, Oklahoma City, Spokane, Colorado Springs and Albuquerque.

The changes will mean twice-a-day service from Sacramento to Albuquerque, Colorado Springs and Tucson would each be reduced to once a day. ExpressJet is closing all service to Oklahoma City and Tulsa, and the airline will cut nonstop service to San Antonio from Sacramento. Travelers will be able to make a connection through Ontario to San Antonio, Nicholas said.

Other new service through Sacramento includes service to El Paso through Ontario and service to Austin via Albuquerque.

ExpressJet (NYSE: XJT) is a regional jet airline company that serves 166 destinations in North America and the Caribbean with some 1,450 departures per day.


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