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Continental Airlines Reports Best Ever Load Factor in Company History

HOUSTON, July 5, 2000 -- Continental Airlines (NYSE: CAL and CAL.A) today reported a systemwide load factor of 80.0 percent in June, the highest load factor in company history by 1.8 points and 4.0 points above last year’s June load factor.

In June 2000, Continental flew 5.7 billion revenue passenger miles (RPMs) and 7.2 billion available seat miles (ASMs), resulting in a traffic increase of 10.3 percent on a capacity increase of 4.9 percent versus June 1999. International traffic was 2.2 billion RPMs, up 15.9 percent from June 1999 and international capacity was 2.7 billion ASMs, up 11.1 percent from last year.

Continental Express, Continental’s wholly owned regional subsidiary, reported that its June 2000 load factor of 67.9 percent tied July 1999 as the highest load factor ever and was 1.5 points above June 1999. Continental Express flew 264.3 million RPMs and 389.1 million ASMs in June, resulting in a traffic increase of 42.1 percent and a capacity increase of 38.9 percent versus last year.

                         PRELIMINARY TRAFFIC RESULTS
JUNE                             2000           1999            Change
REVENUE PASSENGER MILES (000)
Domestic                    3,527,065       3,295,543       7.0 Percent
International               2,203,538       1,901,626      15.9 Percent
Transatlantic               1,134,369         885,454      28.1 Percent
Latin America                 653,357         580,523      12.5 Percent
Pacific                       415,812         435,649      (4.6)Percent
Total Jet                   5,730,603       5,197,169      10.3 Percent
Cont'l. Express               264,304         185,953      42.1 Percent
AVAILABLE SEAT MILES (000)
Domestic                    4,451,351       4,390,039       1.4 Percent
International               2,716,311       2,445,080      11.1 Percent
Transatlantic               1,298,743       1,055,660      23.0 Percent
Latin America                 897,818         819,447       9.6 Percent
Pacific                       519,750         569,973      (8.8)Percent
Total Jet                   7,167,662       6,835,119       4.9 Percent
Cont'l. Express               389,140         280,151      38.9 Percent
PASSENGER LOAD FACTOR
Domestic                 79.2 Percent    75.1 Percent       4.1 Points
International            81.1 Percent    77.8 Percent       3.3 Points
Transatlantic            87.3 Percent    83.9 Percent       3.4 Points
Latin America            72.8 Percent    70.8 Percent       2.0 Points
Pacific                  80.0 Percent    76.4 Percent       3.6 Points
Total Jet                80.0 Percent    76.0 Percent       4.0 Points
Cont'l. Express          67.9 Percent    66.4 Percent       1.5 Points
CARGO REVENUE TON MILES (000)
Total                          90,276          80,226      12.5 Percent
YEAR-TO-DATE                     2000           1999            Change
REVENUE PASSENGER MILES (000)
Domestic                   19,359,793      18,448,113       4.9 Percent
International              12,138,861      10,209,068      18.9 Percent
Transatlantic               5,724,309       4,283,718      33.6 Percent
Latin America               3,996,772       3,491,867      14.5 Percent
Pacific                     2,417,780       2,433,483      (0.6)Percent
Total Jet                  31,498,654      28,657,181       9.9 Percent
Cont'l. Express             1,363,045         930,134      46.5 Percent
AVAILABLE SEAT MILES (000)
Domestic                   26,128,506      25,402,831       2.9 Percent
International              16,210,072      13,977,675      16.0 Percent
Transatlantic               7,354,548       5,472,749      34.4 Percent
Latin America               5,544,768       5,043,607       9.9 Percent
Pacific                     3,310,756       3,461,319      (4.3)Percent
Total Jet                  42,338,578      39,380,506       7.5 Percent
Cont'l. Express             2,187,633       1,516,046      44.3 Percent
PASSENGER LOAD FACTOR
Domestic                 74.1 Percent    72.6 Percent       1.5 Points
International            74.9 Percent    73.0 Percent       1.9 Points
Transatlantic            77.8 Percent    78.3 Percent      (0.5)Points
Latin America            72.1 Percent    69.2 Percent       2.9 Points
Pacific                  73.0 Percent    70.3 Percent       2.7 Points
Total Jet                74.4 Percent    72.8 Percent       1.6 Points
Cont'l. Express          62.3 Percent    61.4 Percent       0.9 Points
CARGO REVENUE TON MILES (000)
Total                         534,892         448,578      19.2 Percent