Continental Reports Operational Performance

PRNewswire-FirstCall HOUSTON Nov. 3 :

Continental Airlines today reported an October 2003 systemwide mainline
load factor of 74.0 percent, an October record and 4.6 points above last
year`s October load factor. In addition, the airline had a record October
domestic mainline load factor of 74.4 percent, 4.3 points above October
2002, and an international mainline load factor of 73.4 percent, 5.1
points above October 2002.
During the month, Continental recorded a U.S. Department of Transportation
on-time arrival rate of 88.2 percent and a systemwide completion factor of
99.8 percent.
In October 2003, Continental flew 4.9 billion mainline revenue passenger
miles (RPMs) and 6.6 billion mainline available seat miles (ASMs)
systemwide, resulting in a traffic increase of 3.1 percent and a capacity
decrease of 3.3 percent as compared to October 2002. Domestic mainline
traffic was 3.0 billion RPMs in October 2003, up 2.5 percent from October
2002, and domestic mainline capacity was 4.0 billion ASMs, down 3.5
percent from October 2002.
Mainline October 2003 passenger revenue per available seat mile (RASM) is
estimated to have increased between 3.5 and 4.5 percent compared to
October 2002. For September 2003, RASM increased 5.3 percent as compared
to September 2002.

Continental`s regional operations (Continental Express) set a record
October load factor of 70.3 percent, 7.0 points above last year`s October
load factor. Regional RPMs were 551.2 million and regional ASMs were 784.3
million in October 2003, resulting in a traffic increase of 58.6 percent
and a capacity increase of 43.0 percent versus October 2002.

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 materially 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 2002 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, regulatory matters and industry conditions,
including the demand for air travel, the airline pricing environment and
industry capacity decisions. The company undertakes no obligation to
publicly update or revise any forward- looking statements to reflect
events or circumstances that may arise after the date of this press