This is a multi-part message in MIME format. ------=_NextPart_000_000B_01C5112E.7C452040 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: 7bit Continental Air January Loss $1.5M A Day <http://money.excite.com/img/dji.gif> Friday February 11, 6:15 PM EST WASHINGTON (Dow Jones)--Continental Airlines Inc. (CAL <http://money.excite.com/jsp/qt/full.jsp?time=0&symbol_search_text=CAL> ) said Friday that its losses continued to mount in January, totaling more than $1.5 million a day. In a Form 8-K filed with the Securities and Exchange Commission, the struggling carrier, the nation's fifth largest airline in terms of traffic, said excluding a gain on the contribution of ExpressJet Holdings Inc. (XJT) stock to Continental's defined benefit pension plan, Continental's loss was more than $3 million a day in January. The gain on the contribution of ExpressJet stock was about $51 million, which narrowed the loss per day by $1.6 million, the filing said. In an SEC filing on Jan. 20, the company had said it contributed 6 million shares of ExpressJet Holdings with a value of about $65 million to its pension plan. Last month, Continental reported a net loss for the fourth quarter and the full year, citing weak domestic yields, soaring fuel prices and excessive fees and taxes. Continental also is facing pressure from the fare restructuring initiated by Delta Air Lines Inc. (DAL <http://money.excite.com/jsp/qt/full.jsp?time=0&symbol_search_text=DAL> ). Last month, Continental said it estimates the initial negative impact from the Delta fare restructuring will be in the range of $10 million to $12 million a month. Continental reported 2004 operating revenue of $9.74 billion compared with the year-ago figure of $8.87 billion. ExpressJet Airlines operates as Continental Express, the regional provider for Continental Airlines. ExpressJet Holdings owns ExpressJet Airlines. Continental shares closed Friday at $10.51 each. -By Bhattiprolu Murti, Dow Jones Newswires; 202-862-1357 ------=_NextPart_000_000B_01C5112E.7C452040 Content-Type: image/gif; name="dji.gif" Content-Transfer-Encoding: base64 Content-Location: http://money.excite.com/img/dji.gif R0lGODlhiAAnAPQAAP///yMfIMjHx1pXWJGPj0xJSqyrq3ZzdNbV1Z6dnePj4zEtLvHx8T87PGhl Zrq5uYSBggAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAACwAAAAA iAAnAAAF/yAAFEFZDgQjroJjLoc6mCJiDiJhQmYitqZATPQwOVaLEkEQDOYaQQdiRa1ar9istfma injcAmNWEh1uImhgcC4JADpuQxUvKQAK0yPBDTQAZE0LXlqFhoVMfWtfigEEbQEADEknAEVuJGV8 igeAQQSWJgqQBQOmEAZBaiVHh66vK6klBUAmCIklPi4lDXUAspW7fyYNeSadYAELAKvKcCXLmQEq K7sBEJJosNuGyaCTetY4ALiOJgLNC8YBBrgOpD9BDFwGZDgvAvlvgQsQDw/5CHEbaCXQAxGBNpUw EM9EnTo9oP1ySIldQzdcBqiBUM6JwhegCIrcIkpERYh3AP8oXABMTUU1oJJ99ALMXAlIJgzU1IbT 4cifAGxIJBekZjUjHdlxuWPQiZkbwtbZSnaAgNWDP6wNBUoQGA4G0hqUEyG1XZMDHTsBIFZOhYKK BtQcCVQmUMqgpgYwfEaDK8E6BxI0eyCVwANpBYgGUdBxitA1844JCLtWSSgTiT9ZJQBsAcA6y/wO pHsWoaJBeILgKDcOGKieXXBhXaVX0UcuIUVvqxhkQe63cggFeVNuL6SDYPskIGCNd6Pnqq8KuKtb S968BwxQW8EAQqYBCbYDMtVq/AAHAh7JIyJNUQNTVhPoo26Icb7lBEwteE9AfvX/h7TnxwHNYOYA Z9MBeMX/LQRAMEABDiQgkIL/SdUHCgZMSOEhDAiw14a6IZAAaQNmCOKJKBrywAHONZAdfSnGGOOK zhUgoYw44qgABDUmAGMWEBzR3RE3/jDAG9ww4AJWOfpVTxMN+MhNAWoVgA1LKxTxoyFVISBekwQp QABvMGhYBQMEiGnJAwgw1IsPLImIBwFtDuIDAwmEZwBhBuQWFJ0CLFAemGH2FOWXWMwABR8OODgP FEw8sMAy7yUAQQMkAOLAAgUsimlKDzTgwABFfEjoNqM0UYCphqTCxGQ8LhFAEXwAcMBcC4wxgINM oJUKAjZgI0IBVh0Zyamo9nQkNwQUIOk8JKBArLSTOdAn/y2zPuiCAg80C4eDKzgCnrfIwnKLPvkQ 5ICLCCggxQDANsqAAQ4wcIA/uwLibprnIQCBLqSukB9Dt5bbZJQzgsWkwSnmd8CW/z3oJ8MUV2zx xRhzcy6603GsjwgdosvALT+QlQ81AZ0pX7sep0wOuvblE/PJP6T7S3gvE4euFzYLwHMNNG+zawEQ El2AAnzkGYClxyoZwGRiHFClWwGI8dSEEerQ7AxJi5tY0jzkkR2xMFyzAJJ8IBPh10sDECQf+SU2 wz4hJRaUEIh2M56uqz39KgDl8YGAC3CkNKsIi+RwLBXH9oKADra+WkQ+T4+wFijdyvd0O/GkWTk7 f+uz+f/TOnSyxN2GT+zKQab80vqrr55ew9I6DB6PsIk/s4UPnOlulod+k36QIx6y+SqwnafCFHqV i54e6VCI+UYqezkiUuuA0MIH5QmoFe6t7KhFAKaIj6N7FdDsBTlRCTiQGBPtI34rkn+z4Mj6poTO /ahwpFLVGyxSi/UIgj2NqIdyBzAfQkqxhpA0ahprMd/6qFAHOhyrV1YiSgLLR4t4IKlz+Dtb8xDY CzgI4AxosZVGEKe6VxSwb5RLDwO2o7W5pWEGw2vN+pCEADa54A07JF0AGEO6OzgCIHeoHwiPlb8R xm4aSzDGdEwxxMuVTGjjeF3wpgOQLAmxBv64RgQRsr6zkJwwDUC84NMm9yo1OWKGoFCiAlJhmABM gQ36e2J69rE5pTHEemjixguJEsPIcWcahxGBf8i3CAGggIk/yBUzFOdB2FXuHnGMY+VyYMMGDE8A 88AGoNZIOuI8DQIzFIIV+/SAQRXCAJPKUCxJQLSqkeCDgMCDWuKUhBksYAC/hIJGLkgebCAACtig ZR5qWctUvMc3I6gaC4hWg/OEJBVsiObR/OAihCSAJan4pR9mwJkGhAAAOw== ------=_NextPart_000_000B_01C5112E.7C452040--
