Continental Airlines Reports August Performance

Continental Airlines (NYSE: CAL) today
reported an August load factor of 78.1 percent, 1.3 points below last year`s
August load factor.

Continental`s on-time arrival rate was 77.7 percent and its completion
factor was 99.2 percent in August.  Several severe weather days across the
system, especially in the carrier`s Newark/New York and Houston hubs, affected
August`s on-time arrival rate.

In August 2001, Continental flew 6.4 billion revenue passenger miles
(RPMs) and 8.1 billion available seat miles (ASMs), resulting in a traffic
increase of 4.8 percent and a capacity increase of 6.5 percent versus August
2000.  Domestic traffic was 3.9 billion RPMs, up 7.9 percent from August 2000,
and domestic capacity was 5.1 billion ASMs, up 7.9 percent from last year.
The decline of Continental`s load factor along with a decline in yield in
August 2001, as compared to August 2000, resulted in a decrease in estimated
systemwide passenger revenue per available seat mile (RASM) of between 12 and
14 percent.

Continental Express, a regional air carrier for Continental Airlines,
reported a record August load factor of 66.0 percent, 2.8 points above last
August.  Continental Express flew 343.5 million RPMs and 520.2 million ASMs in
August, resulting in a traffic increase of 26.3 percent and a capacity
increase of 20.9 percent versus August 2000.