CONTINENTAL AIRLINES ANNOUNCES DAILY SERVICE BETWEEN NEW YORK AND MELBOURNE, FLA.

Continental Airlines (NYSE: CAL and CAL.A) today announced daily nonstop service between New York/Newark and Melbourne, Fla., beginning Feb. 15, 2001. This will be the airline's tenth city in Florida with nonstop service from Newark. Continental serves more Florida cities from the New York area than any other airline, and travelers from Florida can connect to a multitude of destinations in the Northwest and Europe through Continental's New York Hub.

"We are pleased to be returning to Melbourne," said a Continental spokesperson. "The demand for Florida flights continues to grow, and this is a great time to re-acquaint the people of Melbourne with our superior service."

Continental's southbound flight will depart from Newark International Airport at 8:50 a.m. and arrive in Melbourne at 11:32 a.m. The northbound flight will depart Melbourne at 12:20 p.m. and arrive in Newark at 3:02 p.m.

The airline will operate a Boeing 737-500 aircraft equipped with 10 first class and 94 economy class seats.

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. With hubs in 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.