Continental Airlines Issues Statement

Continental Airlines (NYSE: CAL) today
issued the following statement regarding ongoing media inquiries concerning
press reports of proposed airline industry consolidation:
“Continental routinely monitors changes in the competitive landscape and
engages in analysis and discussions regarding its strategic position,
including alliances and business combination transactions.  Continental has
had, and anticipates it will continue to have, discussions with third parties
regarding strategic alternatives.”

Continental does not anticipate making further comment at this time.