Continental Airlines Discontinues Alliance Discussions With US Airways

HOUSTON, July 3 /PRNewswire-FirstCall/—Continental Airlines(NYSE: CAL)
today announced that it has discontinued discussions with

US Airways(NYSE: U)
regarding the possibility of entering into an alliance agreement that would
include codesharing and frequent flyer and airport lounge reciprocity between
the two carriers.

Continental made the decision after it determined that an agreement would
not be reached in the near future.

Continental currently has alliance agreements with Northwest Airlines, KLM
Royal Dutch Airlines, Copa Airlines, Air Europa, EVA, Air China, Alaska
Airlines, Hawaiian Airlines and Amtrak.

Continental Airlines is the fifth largest airline in the U.S., 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