America West Code Share With Continental To End

PHOENIX, March 27 /PRNewswire-FirstCall/—America West Airlines, Inc.
(NYSE: AWA) today announced that it had received notice from Continental
Airlines, Inc. of Continental`s intention to terminate the code sharing and
related agreements between the two airlines.

Continental`s notice stated that code sharing will cease on April 26,
2002.  Continental`s notice also stated that the airlines` reciprocal frequent
flyer and airport club agreements will be terminated effective September 24,
“America West and Continental have had a successful partnership that
lasted nearly eight years,” said W. Douglas Parker, America West`s chairman
and chief executive officer.  “However, times change, and the value of the
relationship to both airlines had dissipated over time.  Continental`s action
gives America West the opportunity to pursue other alliance opportunities
which may be better suited to our customers` needs.  Both America West and
Continental are committed to making the transition easy for our customers.”
The termination of the arrangements with Continental will not affect
America West mainline or America West Express service and all tickets for
America West-Continental code share service will be honored.  America West
estimates that the code sharing, frequent flyer and club arrangements with
Continental accounted for about $15 million to $20 million in incremental
revenue annually for America West.

America West Airlines, the nation`s eighth-largest carrier, serves
88 destinations in the U.S., Canada and Mexico.  America West Airlines is a
wholly owned subsidiary of America West Holdings Corporation, an aviation and
travel services company with 2001 sales of $2.1 billion.