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News Release

Continental Airlines Reports October Load Factor

Houston, Nov. 1, 2000 -- Continental Airlines (NYSE: CAL and CAL.A) today reported a systemwide load factor of 71.0 percent in October, compared to 73.2 percent in October 1999.

In October 2000, Continental flew 5.2 billion revenue passenger miles (RPMs) and 7.4 billion available seat miles (ASMs), resulting in essentially unchanged traffic and a capacity increase of 3.1 percent versus October 1999. Domestic traffic was 3.3 billion RPMs, up 0.3 percent from October 1999 and domestic capacity was 4.6 billion ASMs, up 2.4 percent from last year.

Continental Express, Continental’s wholly owned regional subsidiary, reported its second highest October load factor of 61.0 percent, compared to last October’s record of 64.7 percent. Continental Express flew 274.3 million RPMs and 449.6 million ASMs in October, resulting in a traffic increase of 30.7 percent and a capacity increase of 38.7 percent versus last year.

      PRELIMINARY TRAFFIC RESULTS
OCTOBER                           2000           1999          Change
REVENUE PASSENGER MILES (000)
Domestic                      3,281,232      3,272,195    0.3  Percent
International                 1,937,184      1,948,534   (0.6) Percent
Transatlantic                   995,667      1,008,924   (1.3) Percent
Latin America                   567,123        535,781    5.8  Percent
Pacific                         374,394        403,829   (7.3) Percent
Total Jet                     5,218,416      5,220,729   (0.0) Percent
Cont'l. Express                 274,316        209,848   30.7  Percent
AVAILABLE SEAT MILES (000)
Domestic                      4,615,539      4,505,533    2.4  Percent
International                 2,735,573      2,623,988    4.3  Percent
Transatlantic                 1,314,200      1,282,915    2.4  Percent
Latin America                   887,497        781,598   13.5  Percent
Pacific                         533,876        559,475   (4.6) Percent
Total Jet                     7,351,112      7,129,521    3.1  Percent
Cont'l. Express                 449,564        324,144   38.7  Percent
PASSENGER LOAD FACTOR
Domestic                   71.1 Percent   72.6 Percent   (1.5) Points
International              70.8 Percent   74.3 Percent   (3.5) Points
Transatlantic              75.8 Percent   78.6 Percent   (2.8) Points
Latin America              63.9 Percent   68.5 Percent   (4.6) Points
Pacific                    70.1 Percent   72.2 Percent   (2.1) Points
Total Jet                  71.0 Percent   73.2 Percent   (2.2) Points
Cont'l. Express            61.0 Percent   64.7 Percent   (3.7) Points
CARGO REVENUE TON MILES (000)
Total                           100,344        101,478   (1.1) Percent
YEAR-TO-DATE                      2000          1999           Change
REVENUE PASSENGER MILES (000)
Domestic                     32,995,156     31,790,050    3.8  Percent
International                21,045,718     18,481,852   13.9  Percent
Transatlantic                10,277,343      8,265,670   24.3  Percent
Latin America                 6,641,320      5,932,636   11.9  Percent
Pacific                       4,127,055      4,283,546   (3.7) Percent
Total Jet                    54,040,874     50,271,902    7.5  Percent
Cont'l. Express               2,431,443      1,744,421   39.4  Percent
AVAILABLE SEAT MILES (000)
Domestic                     44,519,078     43,534,380    2.3  Percent
International                27,521,839     24,547,479   12.1  Percent
Transatlantic                12,808,103     10,440,701   22.7  Percent
Latin America                 9,189,450      8,311,342   10.6  Percent
Pacific                       5,524,286      5,795,436   (4.7) Percent
Total Jet                    72,040,917     68,081,859    5.8  Percent
Cont'l. Express               3,900,594      2,774,197   40.6  Percent
PASSENGER LOAD FACTOR
Domestic                   74.1 Percent   73.0 Percent    1.1  Points
International              76.5 Percent   75.3 Percent    1.2  Points
Transatlantic              80.2 Percent   79.2 Percent    1.0  Points
Latin America              72.3 Percent   71.4 Percent    0.9  Points
Pacific                    74.7 Percent   73.9 Percent    0.8  Points
Total Jet                  75.0 Percent   73.8 Percent    1.2  Points
Cont'l. Express            62.3 Percent   62.9 Percent   (0.6) Points
CARGO REVENUE TON MILES (000)
Total                           911,012        807,278   12.8  Percent