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News Release

Continental Airlines Reports Record August Load Factor

HOUSTON, Sep. 5, 2000 -- Continental Airlines (NYSE: CAL and CAL.A) today reported a systemwide load factor of 79.4 percent in August, the highest August load factor in company history and 1.2 points above the previous record set in August 1998.

In August 2000, Continental flew 6.1 billion revenue passenger miles (RPMs) and 7.6 billion available seat miles (ASMs), resulting in a traffic increase of 5.5 percent on a capacity increase of 2.5 percent versus August 1999. International traffic was 2.4 billion RPMs, up 8.5 percent from August 1999 and international capacity was 2.9 billion ASMs, up 5.8 percent from last year.

Continental Express, Continental’s wholly owned regional subsidiary, reported a 63.2 percent load factor in August, 1.2 points below last August’s record. Continental Express flew 272.0 million RPMs and 430.4 million ASMs in August, resulting in a traffic increase of 31.7 percent and a capacity increase of 34.3 percent versus last year.

                         PRELIMINARY TRAFFIC RESULTS
AUGUST                             2000         1999         Change
REVENUE PASSENGER MILES (000)
Domestic                       3,651,275    3,525,707    3.6 Percent
International                  2,418,962    2,229,242    8.5 Percent
Transatlantic                  1,210,281    1,047,915   15.5 Percent
Latin America                    742,080      685,153    8.3 Percent
Pacific                          466,601      496,174   (6.0)Percent
Total Jet                      6,070,237    5,754,949    5.5 Percent
Cont'l. Express                  271,954      206,483   31.7 Percent
AVAILABLE SEAT MILES (000)
Domestic                       4,728,271    4,701,743    0.6 Percent
International                  2,918,477    2,758,091    5.8 Percent
Transatlantic                  1,398,140    1,295,559    7.9 Percent
Latin America                    943,367      864,754    9.1 Percent
Pacific                          576,970      597,778   (3.5)Percent
Total Jet                      7,646,748    7,459,834    2.5 Percent
Cont'l. Express                  430,406      320,394   34.3 Percent
PASSENGER LOAD FACTOR
Domestic                    77.2 Percent 75.0 Percent    2.2  Points
International               82.9 Percent 80.8 Percent    2.1  Points
Transatlantic               86.6 Percent 80.9 Percent    5.7  Points
Latin America               78.7 Percent 79.2 Percent   (0.5) Points
Pacific                     80.9 Percent 83.0 Percent   (2.1) Points
Total Jet                   79.4 Percent 77.1 Percent    2.3  Points
Cont'l. Express             63.2 Percent 64.4 Percent   (1.2) Points
CARGO REVENUE TON MILES (000)
Total                             90,985       85,793    6.1 Percent
YEAR-TO-DATE                       2000         1999         Change
REVENUE PASSENGER MILES (000)
Domestic                      26,622,374   25,512,448    4.4 Percent
International                 16,974,087   14,549,970   16.7 Percent
Transatlantic                  8,148,741    6,266,064   30.0 Percent
Latin America                  5,504,533    4,873,882   12.9 Percent
Pacific                        3,320,813    3,410,024   (2.6)Percent
Total Jet                     43,596,461   40,062,418    8.8 Percent
Cont'l. Express                1,908,091    1,344,707   41.9 Percent
AVAILABLE SEAT MILES (000)
Domestic                      35,455,068   34,723,958    2.1 Percent
International                 22,020,360   19,374,585   13.7 Percent
Transatlantic                 10,144,583    7,932,248   27.9 Percent
Latin America                  7,435,568    6,770,589    9.8 Percent
Pacific                        4,440,209    4,671,748   (5.0)Percent
Total Jet                     57,475,428   54,098,543    6.2 Percent
Cont'l. Express                3,027,935    2,142,988   41.3 Percent
PASSENGER LOAD FACTOR
Domestic                    75.1 Percent 73.5 Percent    1.6  Points
International               77.1 Percent 75.1 Percent    2.0  Points
Transatlantic               80.3 Percent 79.0 Percent    1.3  Points
Latin America               74.0 Percent 72.0 Percent    2.0  Points
Pacific                     74.8 Percent 73.0 Percent    1.8  Points
Total Jet                   75.9 Percent 74.1 Percent    1.8  Points
Cont'l. Express             63.0 Percent 62.7 Percent    0.3  Points
CARGO REVENUE TON MILES (000)
Total                            716,866      619,086   15.8 Percent