CONTINENTAL AIRLINES ANNOUNCES NEW DAILY SERVICE BETWEEN NEW YORK AND LONDON/STANSTED

Continental Airlines (NYSE: CAL and CAL.A) has announced that it will inaugurate daily non-stop service between New York and London/Stansted, effective May 1, 2001, subject to government approval.

This new service will be the only scheduled non-stop transatlantic service to Stansted Airport, London's third international gateway.

"With the addition of this new service, Continental now will have complete coverage of the United Kingdom for our customers," said a Continental spokesperson. "Stansted is the UK's most modern airport and is in the midst of an expansion project that will bring capacity at the airport to 15 million passengers a year."

Continental currently flies to six destinations in the UK and Ireland, including London/Gatwick, Birmingham, Manchester, Glasgow, Dublin and Shannon.

Service is also offered to London/Heathrow in conjunction with Virgin Atlantic.

Stansted Airport, 34 miles northeast of central London, is convenient for travelers to and from London, Canary Wharf and Docklands, as well as regional cities such as Cambridge, with its rapidly-growing computer and biotechnology industries.

Service between Newark International Airport and London/Stansted Airport will be operated with a 172-seat Boeing 757 aircraft, carrying 16 passengers in the BusinessFirst cabin and 156 in Economy. Flight 38 will depart Newark at 7:00 p.m., arriving at Stansted at 7:20 a.m. the next day. Flight 39 will depart London/Stansted daily at 9:30 a.m., arriving at Newark at 12:30 p.m. the same day.

Flying time will be approximately seven hours 20 minutes eastbound, and eight hours westbound.

Continental Airlines is the fifth largest airline in the U.S., offering more than 2,400 departures daily to 138 domestic and 92 international destinations. Operating major hubs in Newark, Houston and Cleveland, Continental (www.continental.com) serves more international cities than any other U.S. carrier, including extensive service throughout the Americas, Europe and Asia.

Continental is in the top quarter of FORTUNE magazine's "100 Best Companies to Work for in America," and is ranked the nation's No. 1 airline in customer satisfaction for long and short-haul flights by Frequent Flyer Magazine and J.D. Power and Associates. Continental has received numerous awards for its BusinessFirst premium cabin (Condé Nast Traveler, OAG, Entrepreneur and SmartMoney magazines), OnePass frequent flyer program (InsideFlyer's Freddie Awards) and overall operations and management (Air Transport World's 1996 Airline of the Year).