Continental Airlines Announces The Election Of Larry Kellner As President

Continental Airlines (NYSE: CAL) announced
that Larry Kellner was named president of the company by its board of
directors today.  Kellner, formerly executive vice president and chief
financial officer of Continental, also was elected to the company`s board of
directors at the annual meeting of stockholders today.

In addition, C.D. McLean, former executive vice president—operations,
was elected executive vice president and chief operating officer, and Jeff
Smisek, former executive vice president and general counsel, was elected
executive vice president—corporate.

“Larry`s contributions during the past six years have been invaluable, and
I know that he will continue to be a driving force in our success,” said
Chairman and CEO Gordon Bethune.  “C.D. and Jeff round out a management team
that I`d rate as the best anywhere.”

At the board meeting, Jeff Misner, previously vice president, was named
senior vice president—finance, and Gerry Laderman was named senior vice
president—finance and treasurer.  Vice President and Assistant Secretary
Jennifer Vogel was also named general counsel.

“Our entire management team has worked together to make Continental the
best airline in the country,” said Bethune.  “Each of these officers has been
a vital part of our success.”

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Continental Airlines is the fifth largest airline in the U.S., offering
more than 2,200 departures daily to 133 domestic and 92 international
destinations.  Operating hubs in Newark, Houston, Cleveland and Guam,
Continental (http://www.continental.com) serves more international cities than any
other U.S. carrier, including extensive service throughout the Americas,
Europe and Asia.

Continental was named the 2001 Airline of the Year by Air Transport World,
as well as the 1996 Airline of the Year, making it the only carrier to receive
this honor twice in five years.  Continental is in the top quarter of Fortune
magazine`s “100 Best Companies to Work for in America,” and is ranked the
nation`s No. 1 airline in customer satisfaction for long and short-haul
flights by Frequent Flyer Magazine and J.D. Power and Associates.  Continental
has received numerous awards for its BusinessFirst premium cabin (Conde Nast
Traveler, OAG, Entrepreneur and SmartMoney magazines), OnePass frequent flyer
program (InsideFlyer`s Freddie Awards) and overall operations and management
(Fortune magazine).

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