ExpressJet Reports October 2002

ExpressJet Holdings (NYSE: XJT)
today announced increased traffic and capacity in October 2002 for its
Continental Express operating fleet.

During the month, ExpressJet flew 347.5 million revenue passenger miles
(RPMs), up 21.2 percent versus October 2001.  Capacity increased 20.0 percent
to 548.6 million available seat miles (ASMs) in October 2002, compared with
October 2001.  ExpressJet`s load factor increased to 63.3 percent in
October 2002, a 0.6 point improvement over October 2001.

Also in October, ExpressJet accomplished a 99.9 percent controllable
completion factor, which excludes cancellations due to weather and air traffic
control.  The results compare with an October 2001 controllable completion
factor of 99.8 percent.

Other activities in October included the first eight deliveries of the new
extended-range Embraer ERJ-145XR regional jet, following aircraft model
certification by the Federal Aviation Administration.  With the addition of
eight regional jets and the retirement of four ATR-42 turboprops during the
month, ExpressJet ended October with a total operating fleet of 186 aircraft,
including 178 jets.  ExpressJet also introduced the first jet service to
College Station, Texas, in October and began all-jet operations at Alexandria,
Lafayette and Shreveport, La., and Corpus Christi and Harlingen, Texas.

ExpressJet employs more than 5,500 people and provides Continental
Airlines (NYSE: CAL) with all of its regional airline capacity at its hub
airports in Houston, Cleveland and New York/Newark.  Continental Express,
operated by ExpressJet Airlines, Inc., offers advance seat assignments and
OnePass frequent flyer miles, which can be redeemed anywhere in the world
Continental and its alliance carriers fly.  ExpressJet Airlines is owned by
ExpressJet Holdings, Inc.  For more information, visit expressjet.com.

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