ExpressJet Reports May 2002 Performance

HOUSTON, June 3 /PRNewswire-FirstCall/—ExpressJet Holdings (NYSE: XJT)
today announced increased capacity and traffic in May 2002 for its Continental
Express operating fleet.

Last month, Continental Express, operated by ExpressJet Airlines, flew
344.0 million revenue passenger miles (RPMs), up 7.7 percent versus May 2001.
Capacity rose 8.4 percent to 523.9 million available seat miles (ASMs) in May,
compared with May 2001.  ExpressJet`s load factor declined 0.4 points to
65.7 percent in May 2002 versus May 2001.

Other activities at ExpressJet in May included the announcement of new
Continental Express routes starting this fall between New York/Newark and both
Oklahoma City and Omaha.  Also during May, ExpressJet converted to all-jet
operations at the Newark hub and added the 150th regional jet to its fleet.

ExpressJet employs more than 5,200 people and provides Continental
Airlines (NYSE: CAL) with all of its regional airline capacity at its hub
airports in Houston, Cleveland and Newark.  Continental Express offers advance
seat assignments and OnePass frequent flyer miles, which can be redeemed
anywhere in the world Continental and its alliance carriers fly.  ExpressJet
Airlines is wholly owned by ExpressJet Holdings.