News Release

Continental Airlines Reports the Highest November Load Factor in Company History

HOUSTON, December 4, 1998 -- Continental Airlines (NYSE: CAI.B and CAI.A) today reported a systemwide load factor of 69.7 percent in November, the highest November load factor in Continental's history and 1.4 points above the previous record set last November.

In November 1998, Continental flew 4.2 billion revenue passenger miles (RPMs) and 6.1 billion available seat miles (ASMs), resulting in a traffic increase of 9.0 percent and a capacity increase of 6.8 percent versus November 1997. International traffic was 1.4 billion RPMs, up 10.9 percent from November 1997 and international capacity was 2.0 billion ASMs, up 5.4 percent from last year.

Continental Express, Continental's wholly owned regional subsidiary, also reported its highest November load factor of 59.1 percent, up 2.6 points from last year, based on 138.4 million RPMs and 234.2 million ASMs. Continental Express November traffic was up 35.1 percent and November capacity was up 29.0 percent from last year.

NOVEMBER		1998	1997	Change

REVENUE PASSENGER MILES (000)
	Domestic	2,831,903	2,621,517	8.0	Percent
	International	1,397,989	1,260,537	10.9	Percent
	Total Jet	4,229,892	3,882,054	9.0	Percent
	Cont'l. Express	138,405	102,450	35.1	Percent

AVAILABLE SEAT MILES (000)
	Domestic	4,060,618	3,776,132	7.5	Percent
	International	2,006,780	1,904,684	5.4	Percent
	Total Jet	6,067,398	5,680,816	6.8	Percent
	Cont'l. Express	234,171	181,466	29.0	Percent

PASSENGER LOAD FACTOR
	Domestic	69.7 Percent	69.4 Percent	0.3	Points
	International	69.7 Percent	66.2 Percent	3.5	Points
	Total Jet	69.7 Percent	68.3 Percent	1.4	Points
	Cont'l. Express	59.1 Percent	56.5 Percent	2.6	Points

CARGO REVENUE TON MILES (000)
	Total	68,708	74,937	(8.3)	Percent

YEAR-TO-DATE		1998	1997	Change

REVENUE PASSENGER MILES (000)
	Domestic	32,768,153	30,196,490	8.5	Percent
	International	16,703,721	13,638,758	22.5	Percent
	Total Jet	49,471,874	43,835,248	12.9	Percent
	Cont'l. Express	1,420,926	1,079,179	31.7	Percent

AVAILABLE SEAT MILES (000)
	Domestic	45,187,573	42,331,950	6.7	Percent
	International	23,013,231	19,242,395	19.6	Percent
	Total Jet	68,200,804	61,574,345	10.8	Percent
	Cont'l. Express	2,396,751	1,927,000	24.4	Percent

PASSENGER LOAD FACTOR
	Domestic	72.5 Percent	71.3 Percent	1.2	Points
	International	72.6 Percent	70.9 Percent	1.7	Points
	Total Jet	72.5 Percent	71.2 Percent	1.3	Points
	Cont'l. Express	59.3 Percent	56.0 Percent	3.3	Points

CARGO REVENUE TON MILES (000)
	Total	778,647	674,563	15.4	Percent