Continental Airlines Reports January 2008 Operational Performance

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Continental Airlines Reports January 2008 Operational
Performance

PR Newswire
Comtex

HOUSTON, Feb 01, 2008 /PRNewswire-FirstCall via
COMTEX/ -- Continental Airlines (NYSE: CAL) today
reported a January consolidated (mainline plus
regional) load factor of 76.8 percent, 0.5 points
above the January 2007 consolidated load factor. The
carrier reported a mainline load factor of 77.4
percent, 0.6 points above the January 2007 mainline
load factor, and a domestic mainline load factor of
79.6 percent, 1.5 points above January 2007. All three
were records for the month. In addition, the airline
reported an international mainline load factor of 75.1
percent, 0.2 points below January 2007.

During the month, Continental recorded a U.S.
Department of Transportation on-time arrival rate of
74.7 percent and a mainline segment completion factor
of 99.3 percent.

In January 2008, Continental flew 7.2 billion
consolidated revenue passenger miles (RPMs) and 9.4
billion consolidated available seat miles (ASMs),
resulting in a traffic increase of 2.9 percent and a
capacity increase of 2.1 percent as compared to
January 2007. In January 2008, Continental flew 6.5
billion mainline RPMs and 8.4 billion mainline ASMs,
resulting in a mainline traffic increase of 3.5
percent and a mainline capacity increase of 2.7
percent as compared to January 2007. Domestic mainline
traffic was 3.3 billion RPMs in January 2008, down 0.8
percent from January 2007, and domestic mainline
capacity was 4.2 billion ASMs, down 2.7 percent from
January 2007.

For January 2008, both consolidated and mainline
passenger revenue per available seat mile (RASM) are
estimated to have increased between 9.0 and 10.0
percent compared to January 2007. For December 2007,
consolidated passenger RASM increased 6.0 percent
compared to December 2006, while mainline passenger
RASM increased 5.8 percent from December 2006.

Continental's regional operations had a January load
factor of 72.5 percent, 0.2 points above the January
2007 load factor. Regional RPMs were 743.9 million and
regional ASMs were 1,025.9 million in January 2008,
resulting in a traffic decrease of 2.1 percent and a
capacity decrease of 2.3 percent versus January 2007.

Continental Airlines is the world's fifth largest
airline. Continental, together with Continental
Express and Continental Connection, has more than
2,900 daily departures throughout the Americas, Europe
and Asia, serving 144 domestic and 139 international
destinations. More than 550 additional points are
served via SkyTeam alliance airlines. With more than
45,000 employees, Continental has hubs serving New
York, Houston, Cleveland and Guam, and together with
Continental Express, carries approximately 69 million
passengers per year. Continental consistently earns
awards and critical acclaim for both its operation and
its corporate culture.

For the fourth consecutive year, FORTUNE magazine
named Continental the No. 1 World's Most Admired
Airline on its 2007 list of World's Most Admired
Companies. Continental was also named the No. 1
airline on the publication's 2007 America's Most
Admired airline industry list. Additionally,
Continental again won major awards at the OAG Airline
of the Year Awards including "Best Airline Based in
North America" for the fourth year in a row, and "Best
Executive/Business Class" for the fifth consecutive
year. For more company information, visit
continental.com.

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 2006 10-K and its other securities
filings, including any amendments thereto, which
identify important matters such as the consequences of
the company's significant financial losses and high
leverage, the significant cost of aircraft fuel, its
high labor and pension costs, service interruptions at
one of its hub airports, disruptions in its computer
systems, and industry conditions, including the
airline pricing environment, industry capacity
decisions, industry consolidation, terrorist attacks,
regulatory matters, excessive taxation, the
availability and cost of insurance, public health
threats and the seasonal nature of the airline
business. 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 release, except as
required by applicable law.

                           PRELIMINARY TRAFFIC RESULTS
    JANUARY                          2008         
2007      Change
    REVENUE PASSENGER MILES (000)
        Domestic                3,330,502    
3,357,564  -0.8 Percent

        International           3,145,738    
2,902,056   8.4 Percent
        Transatlantic           1,469,833    
1,304,339  12.7 Percent
        Latin America           1,036,253      
979,492   5.8 Percent
        Pacific                   639,652      
618,225   3.5 Percent

        Mainline                6,476,240    
6,259,620   3.5 Percent
        Regional                  743,921      
759,639  -2.1 Percent
        Consolidated            7,220,161    
7,019,259   2.9 Percent
    AVAILABLE SEAT MILES (000)
        Domestic                4,182,971    
4,298,956  -2.7 Percent

        International           4,187,116    
3,852,024   8.7 Percent
        Transatlantic           2,058,984    
1,792,013  14.9 Percent
        Latin America           1,274,060    
1,225,435   4.0 Percent
        Pacific                   854,072      
834,576   2.3 Percent

        Mainline                8,370,087    
8,150,980   2.7 Percent
        Regional                1,025,893    
1,050,400  -2.3 Percent
        Consolidated            9,395,980    
9,201,380   2.1 Percent
    PASSENGER LOAD FACTOR
        Domestic             79.6 Percent  78.1
Percent    1.5 Points


        International        75.1 Percent  75.3
Percent   -0.2 Points

        Transatlantic        71.4 Percent  72.8
Percent   -1.4 Points

        Latin America        81.3 Percent  79.9
Percent    1.4 Points

        Pacific              74.9 Percent  74.1
Percent    0.8 Points


        Mainline             77.4 Percent  76.8
Percent    0.6 Points

        Regional             72.5 Percent  72.3
Percent    0.2 Points

        Consolidated         76.8 Percent  76.3
Percent    0.5 Points

    ONBOARD PASSENGERS
        Mainline                3,893,304    
3,857,105   0.9 Percent
        Regional                1,339,581    
1,354,538  -1.1 Percent
        Consolidated            5,232,885    
5,211,643   0.4 Percent
    CARGO REVENUE TON MILES (000)
        Total                      78,976       
80,063  -1.4 Percent

                                         ( more )



                  PRELIMINARY OPERATIONAL AND
FINANCIAL RESULTS
    JANUARY                         2008      2007    
        Change
    On-Time Performance (1)        74.7%     74.3%    
     0.4 Points
    Completion Factor (2)          99.3%     99.3%    
     -   Points
    December 2007 year-over-year
     consolidated RASM change                         
    6.0 Percent
    December 2007 year-over-year
     mainline RASM change                             
    5.8 Percent
    January 2008 estimated year-over-
     year consolidated RASM change                 
9.0 - 10.0 Percent
    January 2008 estimated year-over-
     year mainline RASM change                     
9.0 - 10.0 Percent
    January 2008 estimated average price
     per gallon of fuel, including fuel taxes         
   2.72 Dollars
    First Quarter 2008 estimated average
     price per gallon of fuel, including fuel taxes   
   2.68 Dollars

    (1) Department of Transportation Arrivals within
14 minutes
    (2) Mainline Segment Completion Percentage

SOURCE Continental Airlines

http://www.continental.com

Copyright © 2008 PR Newswire. All rights reserved


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