Continental Airlines Reports July 2002 Performance

Continental Airlines (NYSE: CAL)
today reported a July 2002 systemwide mainline jet load factor of
79.4 percent, 1.2 points above last year`s July load factor.  For July 2002,
Continental reported a record July domestic mainline jet load factor of
79.2 percent and an international mainline jet load factor of 79.9 percent.
  Continental reported an on-time arrival rate of 82.8 percent and a
completion factor of 99.5 percent for its mainline jet operations in July

In July 2002, Continental flew 5.7 billion mainline jet revenue passenger
miles (RPMs) and 7.2 billion mainline jet available seat miles (ASMs)
systemwide, resulting in a traffic decrease of 8.6 percent and a capacity
decrease of 10.1 percent as compared to July 2001.  Domestic mainline jet
traffic was 3.4 billion RPMs in July 2002, down 10.4 percent from July 2001,
and July 2002 domestic mainline jet capacity was 4.3 billion ASMs, down
12.7 percent from July last year.

Systemwide July 2002 mainline jet passenger revenue per available seat
mile (RASM) is estimated to have decreased between 3 and 5 percent compared to
July 2001 as a result of lower year-over-year yields, slightly offset by
higher load factors.  For June 2002, RASM declined 5.5 percent as compared to
June 2001.

Consolidated breakeven load factor for August 2002 is estimated to be
78.0 percent.  Actual consolidated breakeven load factor may vary
significantly from this estimate depending on actual passenger revenue yields,
fuel price and other factors.  Month-to-date consolidated load factor
information can be found on Continental`s website at in the
Investor Relations-Financial/Traffic Releases section.

ExpressJet Airlines, a subsidiary of Continental Airlines doing business
as Continental Express, separately reported a load factor of 67.4 percent for
July 2002, 0.5 points below last year`s July load factor. ExpressJet flew
362.7 million RPMs and 538.4 million ASMs in July 2002, resulting in a traffic
increase of 7.8 percent and a capacity increase of 8.7 percent versus July


This press release contains forward-looking statements that are not
limited to historical facts, but reflect the Company`s current beliefs,
expectations or intentions regarding future events.  In connection therewith,
please see the risk factors set forth in the Company`s 2001 10-K and its other
securities filings, which identify important matters such as terrorist
attacks, the significant cost of aircraft fuel, labor costs, currency risk,
competition and industry conditions, regulatory matters and the seasonal
nature of the airline business, that could cause actual results to differ
materially from those in the forward-looking statements.