CONTINENTAL CHAIRMAN AND PRESIDENT TO FOREGO ALL SALARY AND BONUSES FOR THE REMAINDER OF THE YEAR

Continental Airlines (NYSE: CAL) today announced its Chairman and Chief Executive Officer Gordon Bethune and President Larry Kellner have elected to forego all compensation for the remainder of the year.

"Despite the fact that we don't believe salary cuts are right for our fellow co-workers, we think this is an appropriate gesture for our friends who were furloughed," Bethune said. "These funds will be contributed to the company's operations."

In 2000, as reported in the company's Proxy statement, Bethune made $5,518,124 and Kellner made $3,695,418.