Continental Airlines Reports The Highest January Load Factor In Company History

Continental Airlines (NYSE: CAI.B and CAI.A) today reported a systemwide load factor of 67.9 percent in January, the highest January load factor in Continental`s history and 3.1 points above the previous record set last January.

In January 1999, Continental flew 4.4 billion revenue passenger miles (RPMs) and 6.5 billion available seat miles (ASMs), resulting in a traffic increase of 13.7 percent and a capacity increase of 8.5 percent versus January 1998. International traffic was 1.6 billion RPMs, up 15.1 percent from January 1998 and international capacity was 2.3 billion ASMs, up 11.9 percent from last year.

Continental Express, Continental`s wholly owned regional subsidiary, also reported its highest January load factor of 54.8 percent, up 7.3 points from last year`s record, based on 119.3 million RPMs and 217.7 million ASMs. Continental Express January traffic was up 37.6 percent and January capacity was up 19.3 percent from last year.