Continental Airlines Reports Record January 2002 Operational Performance

Continental Airlines today reported a record systemwide January load factor of 70.1 percent,
3.0 points above last year`s load factor.  Continental reported a domestic
load factor of 68.1 percent and a record international January load factor of
73.4 percent.

For January 2002, Continental reported a record January on-time arrival
rate of 83.8 percent and a record January completion factor of 99.8 percent.
Continental also had a company record with nine 100 percent completion days in

In January 2002, Continental flew 4.4 billion revenue passenger miles
(RPMs) systemwide and 6.3 billion available seat miles (ASMs), resulting in a
traffic decrease of 9.5 percent and a capacity decrease of 13.3 percent versus
January 2001.  Domestic traffic was 2.7 billion RPMs, down 11.1 percent from
January 2001, and domestic capacity was 3.9 billion ASMs, down 14.2 percent
from last year.

Lower year-over-year yields mitigated somewhat by higher load factors
resulted in a decrease in estimated systemwide passenger revenue per available
seat mile (RASM) of between 14 and 16 percent for January 2002, as compared to
January 2001.  For December 2001, RASM declined 14.3 percent as compared to
December 2000.

Continental Express, a wholly owned subsidiary of Continental Airlines,
reported a load factor of 54.3 percent for January 2002, 2.4 points above last
year`s January load factor.  Continental Express flew 261.1 million RPMs and
480.8 million ASMs in January 2002, resulting in a traffic increase of
14.1 percent and a capacity increase of 9.1 percent versus January 2001.