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Continental Airlines Reports Record May Load Factor

HOUSTON, June 1, 2000 -- Continental Airlines (NYSE: CAL and CAL.A) today reported a systemwide load factor of 75.9 percent in May, the highest May load factor in company history and 3.3 points above last year.

In May 2000, Continental flew 5.5 billion revenue passenger miles (RPMs) and 7.2 billion available seat miles (ASMs), resulting in a traffic increase of 11.9 percent on a capacity increase of 7.0 percent versus May 1999. International traffic was 2.1 billion RPMs, up 20.0 percent from May 1999 and international capacity was 2.7 billion ASMs, up 13.0 percent from last year.

Continental Express, Continental’s wholly owned regional subsidiary, reported its highest May load factor ever of 65.6 percent, 0.8 points above last May’s record. Continental Express flew 253.0 million RPMs and 385.9 million ASMs in May, resulting in a traffic increase of 46.6 percent and a capacity increase of 45 percent versus last year.

                           PRELIMINARY TRAFFIC RESULTS
MAY                         2000             1999           Change
REVENUE PASSENGER MILES (000)
Domestic                3,406,975         3,171,002     7.4  Percent
International           2,082,736         1,735,547    20.0  Percent
Transatlantic           1,059,985           789,689    34.2  Percent
Latin America             633,813           532,830    19.0  Percent
Pacific                   388,938           413,028    (5.8) Percent
Total Jet               5,489,711         4,906,549    11.9  Percent
Cont'l. Express           253,017           172,570    46.6  Percent
AVAILABLE SEAT MILES (000)
Domestic                4,493,386         4,335,880     3.6  Percent
International           2,739,039         2,423,367    13.0  Percent
Transatlantic           1,298,734         1,004,478    29.3  Percent
Latin America             903,293           834,462     8.2  Percent
Pacific                   537,012           584,427    (8.1) Percent
Total Jet               7,232,425         6,759,247     7.0  Percent
Cont'l. Express           385,928           266,188    45.0  Percent
PASSENGER LOAD FACTOR
Domestic             75.8 Percent      73.1 Percent     2.7  Points
International        76.0 Percent      71.6 Percent     4.4  Points
Transatlantic        81.6 Percent      78.6 Percent     3.0  Points
Latin America        70.2 Percent      63.9 Percent     6.3  Points
Pacific              72.4 Percent      70.7 Percent     1.7  Points
Total Jet            75.9 Percent      72.6 Percent     3.3  Points
Cont'l. Express      65.6 Percent      64.8 Percent     0.8  Points
CARGO REVENUE TON MILES (000)
Total                      88,222            79,312    11.2  Percent
YEAR-TO-DATE                2000             1999           Change
REVENUE PASSENGER MILES (000)
Domestic               15,832,723        15,152,569     4.5  Percent
International           9,935,283         8,307,441    19.6  Percent
Transatlantic           4,589,754         3,398,264    35.1  Percent
Latin America           3,343,418         2,911,344    14.8  Percent
Pacific                 2,002,111         1,997,833     0.2  Percent
Total Jet              25,768,006        23,460,010     9.8  Percent
Cont'l. Express         1,098,737           744,182    47.6  Percent
AVAILABLE SEAT MILES (000)
Domestic               21,677,152        21,012,793     3.2  Percent
International          13,493,952        11,532,596    17.0  Percent
Transatlantic           6,055,870         4,417,089    37.1  Percent
Latin America           4,646,950         4,224,161    10.0  Percent
Pacific                 2,791,132         2,891,346    (3.5) Percent
Total Jet              35,171,104        32,545,389     8.1  Percent
Cont'l. Express         1,798,482         1,235,895    45.5  Percent
PASSENGER LOAD FACTOR
Domestic             73.0 Percent      72.1 Percent     0.9  Points
International        73.6 Percent      72.0 Percent     1.6  Points
Transatlantic        75.8 Percent      76.9 Percent    (1.1) Points
Latin America        71.9 Percent      68.9 Percent     3.0  Points
Pacific              71.7 Percent      69.1 Percent     2.6  Points
Total Jet            73.3 Percent      72.1 Percent     1.2  Points
Cont'l. Express      61.1 Percent      60.2 Percent     0.9  Points
CARGO REVENUE TON MILES (000)
Total                     444,484           368,351    20.7  Percent