Continental Airlines and KLM Extend Codeshare Agreement

HOUSTON and AMSTELVEEN, Netherlands, June 3 /PRNewswire-FirstCall/—KLM
Royal Dutch Airlines (NYSE: KLM; AEX) and Continental Airlines (NYSE: CAL)
today announced that they have extended the duration of their cooperative
marketing agreement, which includes codesharing and reciprocal airport lounge
access, until May 30, 2003.

Meanwhile, the scope of the two airlines` codesharing is being expanded.
Starting June 15, Continental and KLM will codeshare on selected flights to
destinations in Europe, the Middle East and Africa operated by KLM, KLM
cityhopper and KLM exel beyond its Amsterdam hub which connect with
Continental`s recently-launched non-stop flights between Houston and
Amsterdam.  Currently, the two airlines codeshare on flights beyond Amsterdam
and Continental`s New York/Newark hub which connect with each other`s non-stop
services between these two airports, and on selected flights to U.S.
destinations operated by Continental and Continental Express beyond its
Houston hub which connect with the KLM/Northwest Airlines joint venture flight
between Amsterdam and Houston.

In total, Continental connects to 77 destinations beyond Amsterdam on KLM
while KLM connects to 89 destinations beyond New York/Newark and 117 beyond
Houston on Continental.  Together, KLM and Continental create 68,000 unique
city-pair connections.

Continental, KLM and Northwest Airlines are continuing to discuss the
possibility of longer-term and deeper cooperation.  This cooperation could
involve KLM and Continental, together with Northwest, forming a joint venture
for a portion of their respective trans-Atlantic operations, similar in
structure to the current joint venture between KLM and Northwest.

The existing agreement between KLM and Continental, which came into effect
in January 2002, offers major benefits to both carriers` customers,
particularly their frequent flyers.  KLM`s Business Class passengers and
Royal/Silver Win members have access to Continental`s President Club lounges
at New York/Newark, while Continental`s BusinessFirst customers and Presidents
Club members have access to KLM`s Business Class lounge at Amsterdam/Schiphol.
Members of the two airlines` frequent flyer programs, Continental`s
OnePass and KLM`s Flying Dutchman, can earn and redeem points or miles on all
flights operated by the other carrier.


The two airlines provide business class check-in facilities and priority
boarding to all Platinum, Gold and Silver Elite OnePass members and
Royal/Silver Wing Flying Dutchman members.

KLM Royal Dutch Airlines ( ) and its partners serve over
400 cities in 78 countries on six continents.  KLM has a fleet of 130 aircraft
from its home base Amsterdam Schiphol in the Netherlands, one of the world`s
most modern hub airports.  KLM is the core airline of the KLM Group, further
comprising KLM cityhopper, KLM uk, and Transavia.

KLM and Northwest Airlines operate the world`s most integrated airline
alliance.  Through this alliance and close cooperation with a wide range of
European and intercontinental network and route partners, KLM offers
passengers and shippers more than 130,000 city-pair connections throughout the
world via one or more hubs.

KLM, the world`s oldest airline still operating under its original name,
has built a solid reputation worldwide as a leading carrier in its core
business activities, the transportation of passengers and cargo; and
engineering & maintenance.  In fiscal 2001/2002 KLM flew 56,891 million
Revenue Passenger Kilometers and 4,042 million Revenue Ton Freight Kilometers.
Continental Airlines is the fifth largest airline in the U.S. and the
sixth largest in the world, offering more than 2,100 departures daily to
120 domestic and 91 international destinations.  Operating hubs in New York,
Houston, Cleveland and Guam, Continental serves more international cities than
any other U.S. carrier, including extensive service throughout the Americas,
Europe and Asia.  For more information, visit .

Continental was named Air Transport World`s Airline of the Year for 2001
and 1996, making it the only carrier to receive this honor twice in five
years.  For the fourth consecutive year, Continental was named one of the
“100 Best Companies to Work for in America” by FORTUNE magazine in 2002 and is
ranked the nation`s No. 1 airline in customer satisfaction for long and short-
haul flights by Frequent Flyer Magazine and J.D. Power and Associates.
Continental has received numerous awards for its BusinessFirst premium cabin
(Conde Nast Traveler, OAG, Entrepreneur and SmartMoney magazines), OnePass
frequent flyer program (InsideFlyer`s Freddie Awards) and overall operations
and management (FORTUNE magazine).

In Europe and the Middle East, Continental serves 16 cities in
11 countries, operating up to 161 departures weekly to its U.S. gateway hubs
at New York/Newark, Houston and Cleveland, with onward connections to cities
throughout North America, Latin America and the Caribbean.  Continental
operates daily non-stop services between Amsterdam and both New York/Newark
and Houston.