Continental Airlines Reports Performance for November 2001

Continental Airlines (NYSE: CAL) today
reported a 73.8 percent domestic and 66.8 percent international load factor
for a systemwide load factor of 71.4 percent in November 2001.  The systemwide
load factor is 1.2 points below the 72.6 percent load factor reported for
November 2000.

Continental`s on-time arrival rate was 85.9 percent and its completion
factor was 99.5 percent for November 2001.
 
In November 2001, Continental flew 4.2 billion revenue passenger miles
(RPMs) systemwide and 5.9 billion available seat miles (ASMs), resulting in a
traffic decrease of 16.7 percent and a capacity decrease of 15.2 percent
versus November 2000.  Domestic traffic was 2.8 billion RPMs, down
12.9 percent from November 2000, and domestic capacity was 3.8 billion ASMs,
down 12.8 percent from last year.
 
During the Thanksgiving holiday, Nov. 21-26, the carrier reported a load
factor of 77.5 percent, which is essentially unchanged from last year`s load
factor during this period.  On Sunday, Nov. 25, Continental reported a
91.1 percent domestic load factor, 1.4 points higher than the same Sunday last
year.

Lower year-over-year yields and moderately lower load factors resulted in
a decrease in estimated systemwide passenger revenue per available seat mile
(RASM) of between 17 and 19 percent for November 2001, as compared to November
2000.  For the month of October 2001, RASM declined 23 percent as compared to
October 2000.

Continental Express, a wholly owned subsidiary of Continental Airlines,
reported a load factor of 63.5 percent for November 2001, 1.2 points above
last year.  Continental Express flew 281.0 million RPMs and 442.3 million ASMs
in November, resulting in a traffic increase of 6.3 percent and a capacity
increase of 4.1 percent versus November 2000.

Bookings for Christmas travel remain strong and load factors are
anticipated to be similar to last year.

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