CONTINENTAL AIRLINES TO RESUME SECOND DAILY NEW YORK / NEWARK-TEL AVIV SERVICE

Continental Airlines (NYSE: CAL) announced today that it will resume its second daily non-stop service between New York/Newark and Tel Aviv effective May 1, 2002 eastbound.

Continental suspended the operation of the second daily service on the route in November 2000.

The second daily flight, CO84, will depart New York/Newark daily at 5:25 p.m., arriving in Tel Aviv at 11:00 a.m. the following day. The return flight to New York/Newark, CO85, will depart Tel Aviv on May 2 at 1:00 p.m. and arrive in New York/Newark at 6:10 p.m. the same day. The flight time is approximately 12 hours westbound and 10 hours eastbound.

Like the existing daily service, the new flights will be operated by the state-of-the-art Boeing 777, which carries 283 passengers -- 48 in the award-winning BusinessFirst cabin and 235 in coach.

"We are very pleased to be reinstating the second daily flight on the New York-Tel Aviv route," said Barry Simon, Continental's Senior Vice President - International.

"Thanks to the quality and consistency of our service and the hard work of the Continental teams in Newark and Israel, we have continued to be successful in the Israeli market despite the fluctuations in demand and increased competition."

News of reinstatement of the second daily flight coincides with Continental's second anniversary of service to Israel. The airline started service to Israel on August 2, 1999.

The current service, CO90, departs New York/Newark daily at 10:40 p.m., arriving in Tel Aviv at 4:20 p.m. the following day. The existing daily Tel Aviv-New York/Newark flight, CO91, departs Tel Aviv daily at 11:55 p.m., arriving at New York/Newark at 4:55 a.m. the following day.

Continental Airlines is the fifth largest airline in the U.S., offering more than 2,500 departures daily to 136 domestic and 92 international destinations. Operating 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.