News Release

Continental Airlines Reports August Load Factor

HOUSTON, Texas, September 1, 1999 -- Continental Airlines (NYSE: CAL and CAL.A) today reported a systemwide load factor of 77.1 percent in August, the second highest August load factor ever for the company, and 1.1 points below last year's record.

In August 1999, Continental flew 5.8 billion revenue passenger miles (RPMs) and 7.5 billion available seat miles (ASMs), resulting in a traffic increase of 9.3 percent on a capacity increase of 10.8 percent versus August 1998. International traffic was 2.2 billion RPMs, up 21.5 percent from August 1998 and international capacity was 2.8 billion ASMs, up 18.1 percent from last year.

Continental Express, Continental's wholly owned regional subsidiary, reported its highest August load factor ever of 64.4 percent, beating last August by 0.9 points based on 206.5 million RPMs and 320.4 million ASMs. Continental Express August traffic was up 38.2 percent and August capacity was up 36.1 percent from last year.

PRELIMINARY TRAFFIC RESULTS

AUGUST		1999	1998	Change

REVENUE PASSENGER MILES (000)
	Domestic	3,527,593	3,430,679	2.8	Percent
	International	2,228,124	1,834,091	21.5	Percent
	Total Jet	5,755,717	5,264,770	9.3	Percent
	Cont'l. Express	206,522	149,451	38.2	Percent

AVAILABLE SEAT MILES (000)
	Domestic	4,703,565	4,399,515	6.9	Percent
	International	2,759,174	2,336,492	18.1	Percent
	Total Jet	7,462,739	6,736,007	10.8	Percent
	Cont'l. Express	320,448	235,470	36.1	Percent

PASSENGER LOAD FACTOR
	Domestic	75.0 Percent	78.0 Percent	(3.0)	Points
	International	80.8 Percent	78.5 Percent	2.3	Points
	Total Jet	77.1 Percent	78.2 Percent	(1.1)	Points
	Cont'l. Express	64.4 Percent	63.5 Percent	0.9	Points

CARGO REVENUE TON MILES (000)
	Total	85,336	65,019	31.2	Percent

YEAR-TO-DATE		1999	1998	Change

REVENUE PASSENGER MILES (000)
	Domestic	25,514,333	23,919,821	6.7	Percent
	International	14,548,852	12,209,731	19.2	Percent
	Total Jet	40,063,185	36,129,552	10.9	Percent
	Cont'l. Express	1,344,746	988,371	36.1	Percent

AVAILABLE SEAT MILES (000)
	Domestic	34,725,780	32,745,015	6.0	Percent
	International	19,375,667	16,719,345	15.9	Percent
	Total Jet	54,101,447	49,464,360	9.4	Percent
	Cont'l. Express	2,143,042	1,679,690	27.6	Percent

PASSENGER LOAD FACTOR
	Domestic	73.5 Percent	73.0 Percent	0.5	Points
	International	75.1 Percent	73.0 Percent	2.1	Points
	Total Jet	74.1 Percent	73.0 Percent	1.1	Points
	Cont'l. Express	62.7 Percent	58.8 Percent	3.9	Points

CARGO REVENUE TON MILES (000)
	Total	618,629	566,028	9.3	Percent