Continental Airlines Reports September 2002 Performance

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Continental Airlines Reports September 2002 Performance


<http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&STORY=/www/story/
10-01-2002/0001810574&EDATE=#>   <http://continental.com/news>
<http://www.continental.com/>
<http://www.prnewswire.com/comp/204100.html>


    HOUSTON, Oct. 1 /PRNewswire-FirstCall/ -- Continental Airlines
(NYSE: CAL
<http://alliance.marketwatch.com/custom/alliance/interactivechart.asp?sy
mb=CAL&astyle=0,0,0,0,0,0,0,10,0,0&c=179&urlpull=&logourl=&post=0> )

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

2002.

    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

2000.

    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
continental.com 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.

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------=_NextPart_000_0017_01C26974.8E637240--

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