Continental Airlines Reports April 2002 Performance

HOUSTON, May 1 /PRNewswire-FirstCall/—Continental Airlines (NYSE: CAL)
today reported a systemwide April 2002 load factor of 73.5 percent, 0.6 points
below last year`s load factor.  For April 2002, Continental reported a
domestic load factor of 74.6 percent and an international load factor of
71.5 percent.  The movement of Easter from April last year to late March this
year contributed to the load factor decrease compared to April 2001.
For April 2002, Continental reported a record on-time arrival rate of
87.9 percent and a record completion factor of 99.9 percent for April 2002.
The record April completion factor also tied February and March 2002 for the
company record.

In April 2002, Continental flew 4.9 billion revenue passenger miles (RPMs)
systemwide and 6.6 billion available seat miles (ASMs), resulting in a traffic
decrease of 11.7 percent and a capacity decrease of 11.0 percent versus April
2001.  Domestic traffic was 3.1 billion RPMs, down 10.6 percent from April
2001, and domestic capacity was 4.1 billion ASMs, down 11.0 percent from last
year.

Lower year-over-year yields and lower load factors resulted in a decrease
in estimated systemwide passenger revenue per available seat mile (RASM) of
between 10 and 12 percent for April 2002, as compared to April 2001.  For
March 2002, RASM declined 6.4 percent as compared to March 2001.

Continental Express flights, operated for Continental Airlines by its
subsidiary ExpressJet Airlines under a capacity purchase arrangement, reported
a load factor of 62.6 percent for April 2002, 1.6 points below last year`s
April load factor.  Continental Express flew 313.4 million RPMs and
500.3 million ASMs in April 2002, resulting in a traffic increase of
6.7 percent and a capacity increase of 9.3 percent versus April 2001.  Under
the capacity purchase arrangement with ExpressJet Airlines, Continental
payments to ExpressJet Airlines are generally not affected by variations in
RPMs and load factors generated by Continental Express flights.

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