AeroMexico and Continental Airlines announced today that they have signed
an alliance agreement for flights between the United States and Mexico
beginning in the first quarter of next year.

The 10-year agreement was signed by Gordon Bethune, Chairman and Chief
Executive Officer of Continental Airlines, and by Arturo Barahona, Chief
Executive Officer of AeroMexico.

“With this strategic alliance, AeroMexico will be able to offer a greater
number of flights between the United States and Mexico, thereby better
serving the needs of our passengers,” said Barahona.

“This agreement will be extremely beneficial to our passengers,
particularly business travelers, who seek greater choice and convenience
when traveling between the United States and Mexico,” said Bethune.

The codeshare flights will simplify travel between the United States and
Mexico by facilitating connections between the two airlines. All
codesharing is subject to government approvals.

The airlines will offer interline electronic ticketing enabling travelers
to use a single e-ticket for itineraries that include travel on both
carriers. Travelers on both airlines will also have a greater selection of
flights in addition to a larger selection of destinations and flight
schedules. Details on the routes and effective dates will be announced
later.
Members of AeroMexico`s Club Premier and Continental`s OnePass frequent
flyer programs will be able to accrue and redeem miles on each other`s
worldwide networks. In addition, the airlines will offer airport lounge
reciprocity.
AeroMexico has also renewed its membership in the SkyTeam alliance for
another 10 years, offering its passengers convenient connections with
airlines in the United States, Europe and Asia to more than 500
destinations in 114 countries around the world. AeroMexico is a founding
member of SkyTeam. Continental is anticipating joining SkyTeam in 2004.

Continental Airlines is the world`s seventh-largest airline with more than
2,200 daily departures to 127 domestic and 96 international destinations
throughout the Americas, Europe and Asia, including 23 destinations in
Mexico. With 42,000 mainline employees, the airline has hubs serving New
York, Houston, Cleveland and Guam, and carries approximately 41 million
passengers per year. Fortune ranks Continental one of the 100 Best
Companies to Work For in America, 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. For more company information, visit continental.com .

AeroMexico serves more than 40 cities in Mexico, more than any other
airline and 17 gateway cities in the United States including Atlanta;
Chicago; Dallas/Fort Worth; Fort Lauderdale; El Paso; Houston; Las Vegas;
Los Angeles; Miami; New York City; Ontario, Calif.; Orlando; Phoenix; Salt
Lake City; San Antonio; San Diego; and Tucson—and five countries in
Europe and South America. Founded in 1988, AeroMexico has become the
leading carrier in the region by maintaining the highest service levels,
which have earned the airline numerous top rankings in the industry. The
airline was the first Mexican carrier to introduce a frequent flyer
program. Today, AeroMexico`s Club Premier program enjoys close to two
million members. The airline`s corporate headquarters are in Mexico City
and its U.S. operations are based in Houston.

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