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News Release

Continental Airlines Reports November Load Factor

HOUSTON, Dec. 1, 2000 -- Continental Airlines (NYSE: CAL and CAL.A) today reported its second highest systemwide November load factor of 72.6 percent, compared to last November’s record of 72.9 percent. In addition, this year’s November domestic load factor was a record for that month at 73.9 percent.

In November 2000, Continental flew 5.1 billion revenue passenger miles (RPMs) and 7.0 billion available seat miles (ASMs), resulting in a traffic increase of 2.5 percent and a capacity increase of 2.9 percent versus November 1999. Domestic traffic was 3.2 billion RPMs, up 3.6 percent from November 1999 and domestic capacity was 4.4 billion ASMs, up 2.2 percent from last year.

Continental Express, Continental’s wholly owned regional subsidiary, reported a systemwide load factor of 62.2 percent, the second highest November load factor in that company’s history, compared to last year’s record of 62.4 percent. Continental Express flew 264.5 million RPMs and 425.2 million ASMs in November, resulting in a traffic increase of 32.4 percent and a capacity increase of 32.8 percent versus last year.

PRELIMINARY TRAFFIC RESULTS
                 
NOVEMBER     2000   1999   Change
                 
REVENUE PASSENGER MILES (000)
  Domestic   3,240,432   3,128,021   3.6 Percent
                 
  International   1,827,287   1,816,612   0.6 Percent
  Transatlantic   846,931   881,034   (3.9) Percent
  Latin America   610,097   547,773   11.4 Percent
  Pacific   370,259   387,805   (4.5) Percent
                 
  Total Jet   5,067,719   4,944,633   2.5 Percent
                 
  Cont'l. Express   264,451   199,809   32.4 Percent
                 
AVAILABLE SEAT MILES (000)
  Domestic   4,385,762   4,290,377   2.2 Percent
                 
  International   2,594,036   2,490,136   4.2 Percent
  Transatlantic   1,183,887   1,162,866   1.8 Percent
  Latin America   881,697   786,954   12.0 Percent
  Pacific   528,452   540,316   (2.2) Percent
                 
  Total Jet   6,979,798   6,780,513   2.9 Percent
                 
  Cont'l. Express   425,177   320,096   32.8 Percent
                 
PASSENGER LOAD FACTOR
  Domestic   73.9 Percent   72.9 Percent   1.0 Points
                 
  International   70.4 Percent   73.0 Percent   (2.6) Points
  Transatlantic   71.5 Percent   75.8 Percent   (4.3) Points
  Latin America   69.2 Percent   69.6 Percent   (0.4) Points
  Pacific   70.1 Percent   71.8 Percent   (1.7) Points
                 
  Total Jet   72.6 Percent   72.9 Percent   (0.3) Points
                 
  Cont'l. Express   62.2 Percent   62.4 Percent   (0.2) Points
                 
CARGO REVENUE TON MILES (000)
  Total   91,844   94,039   (2.3) Percent
                 
REVENUE PASSENGER MILES (000)
  Domestic   36,235,946   34,918,070   3.8 Percent
                 
  International   22,872,975   20,298,463   12.7 Percent
  Transatlantic   11,122,983   9,146,704   21.6 Percent
  Latin America   7,251,938   6,480,408   11.9 Percent
  Pacific   4,498,054   4,671,351   (3.7) Percent
                 
  Total Jet   59,108,921   55,216,533   7.0 Percent
                 
  Cont'l. Express   2,695,500   1,944,230   38.6 Percent
                 
AVAILABLE SEAT MILES (000)
  Domestic   48,904,805   47,824,757   2.3 Percent
                 
  International   30,112,170   27,037,614   11.4 Percent
  Transatlantic   13,988,286   11,603,567   20.6 Percent
  Latin America   10,071,146   9,098,295   10.7 Percent
  Pacific   6,052,738   6,335,752   (4.5) Percent
                 
  Total Jet   79,016,975   74,862,371   5.5 Percent
                 
  Cont'l. Express   4,324,980   3,094,293   39.8 Percent
                 
PASSENGER LOAD FACTOR
  Domestic   74.1 Percent   73.0 Percent   1.1 Points
                 
  International   76.0 Percent   75.1 Percent   0.9 Points
  Transatlantic   79.5 Percent   78.8 Percent   0.7 Points
  Latin America   72.0 Percent   71.2 Percent   0.8 Points
  Pacific   74.3 Percent   73.7 Percent   0.6 Points
                 
  Total Jet   74.8 Percent   73.8 Percent   1.0 Points
                 
  Cont'l. Express   62.3 Percent   62.8 Percent   (0.5) Points
                 
CARGO REVENUE TON MILES (000)
  Total   1,003,019   901,317   11.3 Percent