ExpressJet Holdings dives after announcing plans to slash 30% of flights
ExpressJet Holdings, Inc. (NYSE:XJT) shares are diving 36% after the Houston-based regional carrier said it will slash its schedule by 30% due to soaring fuel costs and excess capacity. The move was announced by CEO Jim Ream at the company’s annual shareholder meeting.
In Thursday afternoon trading, XJT shares are plummeting 36.63%, or $1.00, to $1.73. For detailed price information and recent news stories about New York & Company, click XJT.
