Continental Airlines Reports June Performance

Continental Airlines (NYSE: CAL) today
reported its second highest systemwide June load factor of 78.0 percent,
2.0 points below last year`s record June load factor.

Continental`s on-time arrival rate was 76.0 percent and its completion
factor was 97.0 percent in June.  Tropical Storm Allison caused systemwide
disruptions at Continental after devastating flood waters paralyzed the city
of Houston, the carrier`s busiest hub airport.

In June 2001, Continental flew 5.9 billion revenue passenger miles (RPMs)
and 7.6 billion available seat miles (ASMs), resulting in a traffic increase
of 3.4 percent and a capacity increase of 6.0 percent versus June 2000.
Domestic traffic was 3.6 billion RPMs, up 2.4 percent from June 2000, and
domestic capacity was 4.7 billion ASMs, up 5.0 percent from last year.
The decline of Continental`s load factor along with a decline in yield in
June 2001 as compared to June 2000 resulted in a decrease in estimated
systemwide passenger revenue per available seat mile (RASM) of between
10 and 12 percent.

Continental will continue to provide operational and RASM information in
its monthly traffic release.

Continental Express, Continental`s wholly owned regional subsidiary,
reported a record load factor of 68.9 percent, 1.0 points above last June`s
record.  Continental Express flew 318.7 million RPMs and 462.3 million ASMs in
June, resulting in a traffic increase of 20.6 percent and a capacity increase
of 18.8 percent versus June 2000.