Continental Airlines Reports June 2009 Operational Performance

The carrier reported an all time record domestic mainline June load factor of 88.1 percent, 2.2 points above the June 2008 domestic mainline load factor, and an international mainline load factor of 82.5 percent, 0.1 points above June 2008.

During the month, Continental recorded a U.S. Department of Transportation (DOT) on-time arrival rate of 80.5 percent and a mainline segment completion factor of 99.8 percent.

In June 2009, Continental flew 8.1 billion consolidated revenue passenger miles (RPMs) and 9.5 billion consolidated available seat miles (ASMs), resulting in a consolidated traffic decrease of 6.5 percent and a capacity decrease of 7.8 percent as compared to June 2008. In June 2009, Continental flew 7.2 billion mainline RPMs and 8.5 billion mainline ASMs, resulting in a mainline traffic decrease of 6.3 percent and a mainline capacity decrease of 7.5 percent as compared to June 2008. Domestic mainline traffic was 3.7 billion RPMs in June 2009, down 6.5 percent from June 2008, and domestic mainline capacity was 4.2 billion ASMs, down 8.8 percent from June 2008.

For June 2009, both consolidated and mainline passenger revenue per available seat mile (RASM) are estimated to have decreased between 19.5 and 20.5 percent compared to June 2008. For May 2009, consolidated passenger RASM decreased 19.9 percent compared to May 2008, while mainline passenger RASM decreased 19.1 percent compared to May 2008.

Continental ended the second quarter 2009 with an unrestricted cash, cash equivalents and short-term investments balance of approximately $2.77 billion.

Continental's regional operations had a June load factor of 81.5 percent, 1.8 points above the June 2008 regional load factor. Regional RPMs were 846.5 million and regional ASMs were 1,038.8 million in June 2009, resulting in a traffic decrease of 8.2 percent and a capacity decrease of 10.3 percent versus June 2008.

Continental Airlines is the world's fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 2,750 daily departures throughout the Americas, Europe and Asia, serving 133 domestic and 132 international destinations. More than 750 additional points are served via current alliance partners. With more than 43,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with its regional partners, carries approximately 67 million passengers per year.

                                   PRELIMINARY TRAFFIC RESULTS

  JUNE                        2009           2008              Change

  REVENUE PASSENGER MILES

    (000)

    Domestic               3,694,333      3,951,187        -6.5  Percent



    International          3,526,037      3,756,421        -6.1  Percent

    Transatlantic          1,902,543      2,097,027        -9.3  Percent

    Latin America            999,397      1,043,015        -4.2  Percent

    Pacific                  624,097        616,379         1.3  Percent



    Mainline               7,220,370      7,707,608        -6.3  Percent

    Regional                 846,498        922,577        -8.2  Percent

    Consolidated           8,066,868      8,630,185        -6.5  Percent

  AVAILABLE SEAT MILES

    (000)

    Domestic               4,195,675      4,598,795        -8.8  Percent



    International          4,275,927      4,559,873        -6.2  Percent

    Transatlantic          2,283,737      2,576,315       -11.4  Percent

    Latin America          1,155,496      1,225,627        -5.7  Percent

    Pacific                  836,694        757,931        10.4  Percent



    Mainline               8,471,602      9,158,668        -7.5  Percent

    Regional               1,038,791      1,158,157       -10.3  Percent

    Consolidated           9,510,393     10,316,825        -7.8  Percent

  PASSENGER LOAD FACTOR

    Domestic            88.1 Percent   85.9 Percent         2.2  Points



    International       82.5 Percent   82.4 Percent         0.1  Points

    Transatlantic       83.3 Percent   81.4 Percent         1.9  Points

    Latin America       86.5 Percent   85.1 Percent         1.4  Points

    Pacific             74.6 Percent   81.3 Percent        -6.7  Points



    Mainline            85.2 Percent   84.2 Percent         1.0  Point

    Regional            81.5 Percent   79.7 Percent         1.8  Points

    Consolidated        84.8 Percent   83.7 Percent         1.1  Points

  ONBOARD PASSENGERS

    Mainline               4,101,183      4,472,184        -8.3  Percent

    Regional               1,573,268      1,672,743        -5.9  Percent

    Consolidated           5,674,451      6,144,927        -7.7  Percent

  CARGO REVENUE TON MILES

    (000)

    Total                     73,444         85,658       -14.3  Percent



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                                        PRELIMINARY TRAFFIC RESULTS

  YEAR-TO-DATE                      2009          2008             Change



  REVENUE PASSENGER MILES

    (000)

    Domestic                    19,416,396     21,811,198    -11.0   Percent



    International               19,044,784     20,129,271     -5.4   Percent

    Transatlantic                9,556,585     10,344,093     -7.6   Percent

    Latin America                5,973,848      6,211,286     -3.8   Percent

    Pacific                      3,514,351      3,573,892     -1.7   Percent



    Mainline                    38,461,180     41,940,469     -8.3   Percent

    Regional                     4,494,255      5,085,360    -11.6   Percent

    Consolidated                42,955,435     47,025,829     -8.7   Percent



  AVAILABLE SEAT

   MILES (000)

    Domestic                    23,338,304     26,160,929    -10.8   Percent



    International               24,977,251     26,049,864     -4.1   Percent

    Transatlantic               12,722,375     13,703,987     -7.2   Percent

    Latin America                7,455,165      7,588,480     -1.8   Percent

    Pacific                      4,799,711      4,757,397      0.9   Percent



    Mainline                    48,315,555     52,210,793     -7.5   Percent

    Regional                     6,014,921      6,547,523     -8.1   Percent

    Consolidated                54,330,476     58,758,316     -7.5   Percent



  PASSENGER LOAD FACTOR

    Domestic                  83.2 Percent   83.4 Percent     -0.2   Points



    International             76.2 Percent   77.3 Percent     -1.1   Points

    Transatlantic             75.1 Percent   75.5 Percent     -0.4   Points

    Latin America             80.1 Percent   81.9 Percent     -1.8   Points

    Pacific                   73.2 Percent   75.1 Percent     -1.9   Points



    Mainline                  79.6 Percent   80.3 Percent     -0.7   Points

    Regional                  74.7 Percent   77.7 Percent     -3.0   Points

    Consolidated              79.1 Percent   80.0 Percent     -0.9   Points

  ONBOARD PASSENGERS

    Mainline                    22,437,661     25,196,062    -10.9   Percent

    Regional                     8,318,018      9,204,625     -9.6   Percent

    Consolidated                30,755,679     34,400,687    -10.6   Percent



  CARGO REVENUE

   TON MILES (000)

    Total                          419,901        524,214    -19.9   Percent





                  PRELIMINARY OPERATIONAL AND FINANCIAL RESULTS



  JUNE                            2009        2008              Change

  On-Time Performance (1)         80.5%       67.4%              13.1 Points

  Completion Factor (2)           99.8%       99.2%               0.6 Points

  May 2009 year-over-year

   consolidated RASM change                                    (19.9)Percent

  May 2009 year-over-year mainline

   RASM change                                                 (19.1)Percent

  June 2009 estimated year-over-year

   consolidated RASM change                           (19.5) - (20.5)Percent

  June 2009 estimated year-over-year

   mainline RASM change                               (19.5) - (20.5)Percent

  June 2009 estimated average price per

   gallon of fuel, including fuel taxes                         2.18 Dollars

  Second Quarter 2009 estimated average

   price per gallon of fuel, including fuel taxes               2.07 Dollars



  (1) Department of Transportation Arrivals within 14 minutes

  (2) Mainline Segment Completion Percentage

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