Continental Airlines Reports April 2010 Increase in Passenger Loads

Continental Airlines reported an April consolidated (mainline plus regional) load factor of 82.9 percent, an improvement on the April 2009 consolidated load factor and a
mainline load factor of 83.4 percent, 0.3 points above the April 2009 mainline
load factor. Both April load factors were records for the month. The carrier
reported an April domestic mainline load factor of 86.0 percent, 0.4 points
below the April 2009 domestic mainline load factor, and a record international
mainline load factor of 80.9 percent, 0.8 points above April 2009.


Continental

In April 2010, Continental flew 7.4
billion consolidated revenue passenger miles (RPMs) and 8.9 billion
consolidated available seat miles (ASMs), resulting in a consolidated traffic
decrease of 2.6 percent and a capacity decrease of 3.2 percent as compared to
April 2009. In April 2010, Continental flew 6.5 billion mainline RPMs and 7.9
billion mainline ASMs, resulting in a mainline traffic decrease of 3.6 percent
and a mainline capacity decrease of 3.9 percent as compared to April 2009.
Domestic mainline traffic was 3.3 billion RPMs in April 2010, down 3.4 percent
from April 2009, and domestic mainline capacity was 3.8 billion ASMs, down 3.0
percent from April 2009.

For April 2010, consolidated passenger revenue per
available seat mile (RASM) is estimated to have increased between 14.0 and 15.0
percent compared to April 2009, while mainline RASM is estimated to have
increased between 12.0 and 13.0 percent. For March 2010, consolidated passenger
RASM increased 15.0 percent compared to March 2009, while mainline passenger
RASM increased 13.4 percent compared to March 2009.

Continental’s operations during the month of April were
adversely impacted by a volcanic ash plume in Europe that led to the
cancellation of 403 transatlantic flights. Continental estimates that the
suspension of these flights during April 2010 resulted in a reduction of 275
million available seat miles, and reduced its consolidated passenger revenue
for the month by approximately $24 million. The net effect of the reduction in
available seat miles and passenger revenue resulted in a year-over-year RASM benefit
of approximately one percentage point, as compared to the RASM performance the
company would have expected had the company flown the capacity it cancelled as
a result of the volcanic ash plume.

Continental Airlines is the world’s fifth largest airline.
Continental, together with Continental Express and Continental Connection, has
more than 2,700 daily departures throughout the Americas, Europe and Asia,
serving 132 domestic and 137 international destinations. Continental is a
member of Star Alliance, which overall offers 19,700 daily flights to 1,077
airports in 175 countries through its 26 member airlines. With more than 40,000
employees, Continental has hubs serving New York, Houston, Cleveland and Guam,
and together with its regional partners, carries approximately 63 million
passengers per year.