Continental Airlines Reports July Performance

Continental Airlines (NYSE: CAL) today
reported a July load factor of 78.2 percent, 2.2 points below last year`s July
load factor.

Continental`s on-time arrival rate was 82.8 percent and its completion
factor was 99.3 percent in July.

In July 2001, Continental flew 6.2 billion revenue passenger miles (RPMs)
and 8.0 billion available seat miles (ASMs), resulting in a traffic increase
of 3.4 percent and a capacity increase of 6.4 percent versus July 2000.
Domestic traffic was 3.8 billion RPMs, up 5.3 percent from July 2000, and
domestic capacity was 4.9 billion ASMs, up 7.2 percent from last year.
The decline of Continental`s load factor along with a decline in yield in
July 2001, as compared to July 2000, resulted in a decrease in estimated
systemwide passenger revenue per available seat mile (RASM) of between 9 and
11 percent.

Continental Express, a regional air carrier for Continental Airlines,
reported a tie for its highest July load factor of 67.9 percent, 1.3 points
above last July and tied with July 1999. The July load factor is also the
second-highest record load factor of any month, 1.0 point below the record set
by Continental Express in June 2001. Continental Express flew 336.3 million
RPMs and 495.1 million ASMs in July, resulting in a traffic increase of
23.1 percent and a capacity increase of 20.8 percent versus July 2000.