ExpressJet Reports February 2004

ExpressJet Holdings today announced increased traffic and capacity in
February 2004 for its Continental Express operating fleet.
During the month, ExpressJet flew 486.6 million revenue passenger miles
(RPMs), up 47.0 percent versus February 2003, and increased available seat
miles (ASMs) by 44.8 percent compared with February 2003. ExpressJet’s
February load factor was 63.1 percent, a 0.9 point improvement over 2003.
The company flew 54,101 block hours, compared with 39,299 block hours in
February 2003, and operated 30,608 flights, versus 24,061 flights in
February 2003.

Also in February, ExpressJet accomplished a 99.9 percent controllable
completion factor, which excludes cancellations due to weather and air
traffic control, and a total completion factor of 99.5 percent. In
February 2003, ExpressJet’s controllable completion factor was 99.9
percent and its total completion factor was 95.4 percent.

During the month, ExpressJet accepted delivery of two 50-seat Embraer
ERJ-145XR aircraft, bringing the company’s total operating fleet to 227
jets. The company announced that it will begin service between George Bush
Intercontinental Airport in Houston and Tallahassee, Fla. in May 2004, and
between Cleveland Hopkins International Airport and Houston/Hobby in
September 2004. ExpressJet also announced plans to begin serving four new
destinations in Mexico—Monclova, Puebla, Oaxaca, and Toluca—from
Houston’s George Bush Intercontinental Airport.