Continental Airlines September Performance

2nd Oct 2002

Continental Airlines (NYSE: CAL)
today reported a September 2002 systemwide mainline jet load factor of
67.9 percent, 6.5 points above last year`s September load factor.  For
September 2002, Continental reported a September domestic mainline jet load
factor of 66.2 percent and an international mainline jet load factor of
70.5 percent.  Due to the events of Sept. 11 last year, comparisons of 2002
versus 2001 do not provide a good historical benchmark.  In order to provide a
more meaningful comparison, the attached preliminary traffic results chart
includes a comparison of September 2002 with September 2000 as well.

Continental reported an on-time arrival rate of 86.2 percent and a
completion factor of 99.7 percent for its mainline jet operations in September

In September 2002, Continental flew 4.5 billion mainline jet revenue
passenger miles (RPMs) and 6.6 billion mainline jet available seat miles
(ASMs) systemwide, resulting in a traffic increase of 23.7 percent and a
capacity increase of 11.8 percent as compared to September 2001.  Domestic
mainline jet traffic was 2.6 billion RPMs in September 2002, up 24.1 percent
from September 2001, and September 2002 domestic mainline jet capacity was
3.9 billion ASMs, up 13.0 percent from September last year.

Systemwide September 2002 mainline jet passenger revenue per available
seat mile (RASM) is estimated to have increased between 9 and 11 percent
compared to September 2001 and decreased between 17 and 19 percent compared to
September 2000.  For August 2002, RASM declined 2.7 percent as compared to
August 2001 and declined 15.2 percent as compared to August 2000.  The decline
from August to September relative to 2000 is due to weak demand surrounding
Sept. 11 of this year.  The attached RASM table shows Continental`s change in
RASM for May through September as compared to the same periods in 2001 and

Consolidated breakeven load factor for October 2002 is estimated to be
79 percent.  Consolidated breakeven load factor for September 2002 is
estimated to have been 81 percent.  Actual October 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 record September load factor of
60.5 percent for September 2002, 8.5 points above last year`s September load
factor.  ExpressJet flew 307.8 million RPMs and 508.4 million ASMs in
September 2002, resulting in a traffic increase of 57.8 percent and a capacity
increase of 35.6 percent versus September 2001.

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.  All forward-looking
statements involve risks and uncertainties that could cause actual results to
differ from those in the forward-looking statements.  For examples of such
risks and uncertainties, 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, domestic and international economic
conditions, the significant cost of aircraft fuel, labor costs, competition
and industry conditions including the demand for air travel, airline pricing
environment and industry capacity decisions, regulatory matters and the
seasonal nature of the airline business.

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