Continental Airlines And Continental Express Report Record December and Full-Year 1998 Load Factors

Continental Airlines (NYSE: CAI.B and CAI.A) today reported a systemwide load factor of 68.0 percent in December, the highest December load factor in Continental`s history and 0.2 points above the previous record set last December.

In December 1998, Continental flew 4.4 billion revenue passenger miles (RPMs) and 6.5 billion available seat miles (ASMs), resulting in a traffic increase of 9.0 percent and a capacity increase of 8.7 percent versus December 1997. International traffic was 1.5 billion RPMs, up 11.8 percent from December 1997 and international capacity was 2.2 billion ASMs, up 10.9 percent from last year.

Continental Express, Continental`s wholly owned regional subsidiary, also reported its highest December load factor of 58.6 percent, up 3.4 points from last year, based on 143.1 million RPMs and 244.3 million ASMs. Continental Express December traffic was up 39.6 percent and December capacity was up 31.5 percent from last year.

For the full year 1998, Continental Airlines reported a record 72.1 percent systemwide load factor, 1.2 points above the previous record set in 1997. Continental Express also had its highest load factor ever of 59.2 percent, up 3.3 points from its 1997 record.