Exhibit 99.1

EXPRESSJET REPORTS SECOND QUARTER FINANCIAL RESULTS

            HOUSTON, TX, July 22, 2009 – ExpressJet Holdings, Inc. (NYSE: XJT), a regional and charter airline operator, today reported a second quarter loss, excluding special items, of $11.5 million or $0.78 per common share versus $13.1 million or $2.56 per common share for the same period in 2008.  These results represent continued downward pressure on aircraft utilization due to decreased travel demand experienced across the airline industry.

            Including special items, ExpressJet reported a second quarter loss of $13.1 million or $0.88 per common share versus $34.3 million or $6.68 per common share during second quarter 2008.

            Year-to-date excluding special items, ExpressJet lost $22.2 million or $1.39 per common share.  Including special items, ExpressJet reported a year-to-date loss of $24.5 million or $1.54 per common share.

            "These results are reflective of the worldwide drop in passenger revenues, which are forecast to continue through 2009,” said Jim Ream, President and Chief Executive Officer.  Ream added, “While these results are disappointing, ExpressJet’s competitive position continues to improve through superior customer service for network carriers and by expanding customer bases in our charter and ground handling businesses.”

Operational Overview

Scheduled Flying

            Under its agreement with Continental, ExpressJet flew 163,987 block hours during the second quarter using 214 aircraft versus 183,649 block hours during the same period in 2008 using 205 aircraft.  This represents a decrease of approximately 11% over second quarter 2008, and is slightly higher than the announced 6% - 9% annual reduction in 2009 industry capacity.

            The Continental Express average aircraft utilization during the quarter totaled 8.42 hours per day versus 9.84 hours per day during second quarter 2008.  These results include the impact of ExpressJet’s reduction in flying to Mexico during May and June due to the H1N1 pandemic.

            Despite decreased demand levels across the industry, ExpressJet expects to continue flying 214 airplanes for Continental under the capacity purchase agreement and to date, has not received notice from Continental regarding its right to reduce the covered aircraft to 190 on the amended agreement’s first anniversary, July 1, 2009.

            In second quarter 2009, ExpressJet generated 2 billion revenue passenger miles on 2.5 billion available seat miles producing a load factor of 79% within the Continental Express network.

            For the six months ended June 2009, ExpressJet flew 321,593 block hours compared to 357,742 block hours during same period in 2008.  Year-to-date ExpressJet generated 3.7 billion revenue passenger miles on 4.9 billion available seat miles producing a load factor of 75.5% within the Continental Express network.

- more -


The following information was filed by Expressjet Holdings Inc on Wednesday, July 22, 2009 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-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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