Webcast Alert: ExpressJet Holdings, Inc. Announces Projected Revenues, Long-Term Capacity Growth

12th Jun 2002

HOUSTON, June 11 /PRNewswire-FirstCall/—ExpressJet Holdings (NYSE: XJT)
today announced that it projects $1.1 billion to $1.2 billion in revenue for

In addition, the company projects compound annual growth rates from 2001
through 2004 in available seat miles and block hours of approximately
28 percent and 14 percent, respectively.

ExpressJet announced that its average controllable completion factor was
99.8 percent for the first five months of 2002.  Controllable completion
factor is the percentage of scheduled flights completed, excluding
cancellations due to weather, air traffic control and certain other factors
beyond the company`s influence.

President and CEO Jim Ream will include the information presented above to
investors and financial analysts on Wednesday, June 12 at 10:30 a.m. during
his presentation at the Merrill Lynch Global Transportation Conference in New
York City.

A live webcast of the audio portion of the presentation along with the
accompanying slides will be available in the “Investor Relations” section of
ExpressJet`s corporate website at http://www.expressjetair.com .  Both the webcast
and slide presentation will be available for 14 days following the conference.


ExpressJet employs more than 5,200 people and provides Continental
Airlines (NYSE: CAL) with all of its regional airline capacity at its hub
airports in Houston, Cleveland and Newark.  Continental Express offers advance
seat assignments and OnePass frequent flyer miles, which can be redeemed
anywhere in the world Continental and its alliance carriers fly.

Please note that the foregoing contains forward-looking statements that
are not limited to historical facts, but reflect the company`s current
beliefs, expectations or intentions regarding future events.  Actual results
could differ materially from those described in the forward-looking
statements.  Additional information concerning risk factors that could cause
our actual results to differ materially from those in the forward-looking
statements are described in the company`s securities filings with the
Securities and Exchange Commission, including the company`s Registration
Statement on Form S-1 dated April 17, 2002.  Such factors include our high
leverage; regulatory developments and costs, including the costs and other
effects of enhanced security measures and other possible Federal Aviation
Administration requirements; labor costs and relations; certain tax matters;
competition and industry conditions; our dependence on the financial and
operational strength of Continental Airlines; and the seasonal nature of the
airline business.  The company does not undertake any duty to update any such
forward-looking statements.



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