CONTINENTAL AIRLINES AND AIR EUROPA LAUNCH CODESHARE SERVICES

Continental Airlines (NYSE: CAL) and Air Europa of Spain have implemented a cooperative marketing agreement which includes codesharing on selected flights and reciprocal frequent flyer program participation.

Effective November 17, Continental and Air Europa began codesharing on the following services:

* Air Europa-operated flights between Madrid and Barcelona, Malaga and Palma de Mallorca;

* Continental-operated flights between Madrid and New York/Newark; and

* Continental-operated flights between New York/Newark and Atlanta, Boston, Chicago/Midway, Chicago/O'Hare, Cleveland, Dallas/Fort Worth, Denver, Detroit, Houston, Las Vegas, Los Angeles, Miami, Minneapolis/St. Paul, New Orleans, Orlando, Phoenix, Pittsburgh, St. Louis, San Antonio, San Diego, San Francisco, Seattle, Washington/Dulles and San Juan, Puerto Rico.

These flights display the designator codes of both Continental (CO) and Air Europa (UX) and are marketed by both carriers.

Meanwhile, members of Continental's frequent flyer program, OnePass, are now able to earn and redeem miles on all Air Europa flights, while members of Air Europa's frequent flyer program, Fidelitas, are able to do the same anywhere on Continental's network.

Continental currently operates five Boeing 777 non-stop flights per week between Madrid and New York/Newark featuring its award-winning BusinessFirst service.

Air Europa is the second largest airline in Spain, with hubs at Madrid/Barajas and Barcelona airports and a fleet of 24 aircraft operating nearly 1,000 departures weekly. Its eight international destinations include Milan, Rome, Paris, London, Havana, Santo Domingo, Punta Cana and Caracas.

Air Europa's alliance carriers are Alitalia and Aeropostal.

Air Europa (air-europa.com) is owned by Globalia Corporacion, Spain's largest transport and tourism group, which also includes tour operator Travelplan and Halcon Viajes, the largest travel agency group in Spain and Portugal.

Continental Airlines is the fifth largest airline in the U.S., offering more than 1,900 departures daily to 122 domestic and 89 international destinations. Operating hubs at New York/Newark, Houston, Cleveland and Guam, Continental serves more international cities than any other U.S. carrier, including extensive service throughout the Americas, Europe and Asia.