pretty sure expressjet's in the red because continental decided to take flying away from you and assign it to another regional, then instead of disposing of the airplanes (bravo actually for stickin it to the man) the company undertook a risky business move to continue flying the aircraft as expressjet airlines. Initial startup costs hurt the airline, rising fuel prices are hurting the airline more.

PS- If people coming to bottom feeder trans states is the REAL reason you guys are in the red, i would have atleast hoped that trans states would have the continental flying that caused the whole debacle in the first place....hmmmm, maybe chautauqua is bringing down the industry with less pay, and worse work rules than expressjet......suuuuure.