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HOUSTON - ExpressJet Airlines will halt its branded commercial operations on Sept. 2, citing high fuel costs that "made the operation impossible to sustain."
The carrier's parent, ExpressJet Holdings Inc., said last week it will end its flight connection deal with Delta Air Lines Inc. on Sept. 1.
The company currently operates a fleet of 39 aircraft under the ExpressJet name. It said late Tuesday it will return the planes to their owners before June of next year.
"If we had any other choice, we would not take this difficult action," said President and Chief Executive Jim Ream in a statement.
ExpressJet Airlines will continue operating a fleet of 205 aircraft under an agreement with Continental Airlines. It will also maintain a charter operation of 30 aircraft through ExpressJet Corporate Aviation.
ExpressJet said it will continue selling tickets for travel through Sept 2. Customers holding tickets for travel after that date may contact the company for a refund.
In late trading, shares rose 4 cents to 42 cents.
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