Exhibit 99.1

EXPRESSJET REPORTS FOURTH QUARTER AND FULL YEAR 2007 RESULTS

                HOUSTON, March 10, 2008 - ExpressJet Holdings, Inc. (NYSE:XJT) today reported a fourth quarter loss of $31.7 million, or $0.60 per share.  For the full year, ExpressJet reported a loss of $70.2 million or $1.31 per share.  Excluding special charges, ExpressJet reported a fourth quarter loss of $27.6 million or $0.52 per share and a full year loss of $66.1 million or $1.23 per share.  ExpressJet’s 2007 results reflect the transition of 69 aircraft from its capacity purchase agreement with Continental Airlines to three different types of flying.  ExpressJet spent $13.5 million in transition expenses and $27.4 million in capital to launch these new segments.

                “The 2007 results reflect the enormous challenge this company was presented in redeploying 25% of its fleet within a six-month period and managing an increasingly challenging airline industry environment.  However the dedication and professionalism of all of the employees of ExpressJet turned these challenges into real opportunities by continuing to provide the very best in customer service.  Despite deteriorating industry conditions, I am confident the employees of ExpressJet will improve upon these results in all areas of our newly diversified business platform,” said President and CEO Jim Ream.

Operational Overview

                ExpressJet’s diversified business platform enhances its ability to re-allocate its fleet based on the best long-term opportunities for the company.  In the fourth quarter, ExpressJet operated 215 aircraft under the contracts with Continental and Delta Air Lines and generated 2.0 billion revenue passenger miles and 185,213 block hours across both systems.  ExpressJet expects to continue operating 215 aircraft under these contracts throughout 2008.

                For the fourth quarter, ExpressJet operated nine aircraft within its charter division.  The charter business expanded its customer base by adding new long-term agreements and increasing the volume of ad-hoc charter activity.  Also in the quarter, the company provided regional flying for Frontier Airlines.  ExpressJet will provide short-term service later this month for United Airlines as United Express.

                In the branded segment, which includes operations branded as ExpressJet Airlines and a pro-rate agreement with Delta, the company ended the fourth quarter with 506 million revenue passenger miles and a load factor of 61%.  Fourth quarter branded segment revenue per available seat mile (RASM) increased 5.7% versus the third quarter despite the typical industry trend of diminished fourth quarter revenues.

                “While we saw steadily improving RASM performance in the quarter, our second full quarter of branded operations, we still took action on some markets where we perceived better opportunities to expand our partnership with Delta in Los Angeles.  In addition, necessary improvements to our reservation system giving customers the functionality necessary to manage their itineraries did not begin taking effect until late December.  Those improvements continued through mid-February which impacted our fourth quarter branded flying,” said Jim Ream.  During the quarter, three aircraft were removed from ExpressJet branded flying and re-deployed to pro-rate flying reducing average daily departures from 220 to 200.  In response to higher fuel prices and a slowing economy, ExpressJet Airlines branded flying will be further reduced to 172 daily departures starting April 1.

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The following information was filed by Expressjet Holdings Inc on Monday, March 10, 2008 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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