Continental Reports Operational Performance

Continental Airlines today reported a record January systemwide mainline
load factor of 71.4 percent, 3.5 points above last year`s January load
factor. In addition, the airline had a record January domestic mainline
load factor of 69.5 percent, 1.8 points above January 2003, and a record
international mainline load factor of 74.1 percent, 5.8 points above
January 2003.
During the month, Continental recorded a U.S. Department of Transportation
on-time arrival rate of 79.9 percent and a systemwide mainline completion
factor of 99.3 percent.

In January 2004, Continental flew 4.8 billion mainline revenue passenger
miles (RPMs) and 6.7 billion mainline available seat miles (ASMs)
systemwide, resulting in a traffic increase of 8.5 percent and a capacity
increase of 3.2 percent as compared to January 2003. Domestic mainline
traffic was 2.7 billion RPMs in January 2004, up 5.1 percent from January
2003, and domestic mainline capacity was 3.9 billion ASMs, up 2.3 percent
from January 2003.
Systemwide January 2004 passenger revenue per available seat mile (RASM)
is estimated to have increased between 0.5 and 1.5 percent compared to
January 2003. For December 2003, RASM increased 1.7 percent as compared to
December 2002.
Continental`s regional operations (Continental Express) set a record
January load factor of 61.3 percent, 4.9 points above last year`s January
load factor. Regional RPMs were 470.0 million and regional ASMs were 766.9
million in January 2004, resulting in a traffic increase of 43.4 percent
and a capacity increase of 31.9 percent versus January 2003.

Continental Airlines is the world`s seventh-largest airline with more than
2,300 daily departures to 126 domestic and 101 international destinations
throughout the Americas, Europe and Asia. With 42,000 mainline employees,
the airline has hubs serving New York, Houston, Cleveland and Guam, and
carries approximately 51 million passengers per year. FORTUNE ranks
Continental one of the 100 Best Companies to Work For in America, an honor
it has earned for six consecutive years. FORTUNE ranked the company
highest among major U.S. carriers in the quality of its service and
products, and No. 2 on its list of Most Admired Global Airlines in 2003.
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