Continental Airlines to Pay US$111 million in Profit Sharing

Continental Airlines is to distribute US$111 million in profit sharing to employees on Valentine’s Day, February 14, 2007.

“When we work together, we win together, and my co-workers are sharing Continental’s success through profit sharing,” Continental Chairman and CEO Larry Kellner said. “We all worked together in 2006 to deliver solid financial and operational results, and my co-workers will now receive US$111 million in cash as a result of the best profit sharing program in the industry.”

The carrier recorded a net income of US$343 million in 2006. This marks the first Continental profit sharing payment since the payment for the 2000 results. The US$111 million distribution is the highest profit sharing distribution in Continental’s history.

Kellner will hand out profit sharing checks today at the airline’s hub at Newark Liberty International Airport, while President Jeff Smisek will distribute profit sharing to the airline’s employees at the company’s Bush Intercontinental Airport hub and other Houston locations. Continental’s Airport Services Senior Vice President, Bill Meehan, will present profit-sharing to Continental’s employees at the airline’s hub at Cleveland Hopkins International Airport. Other Continental officers will travel to many other locations throughout the Continental system to distribute profit sharing.

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