Release #07.CAL
July 2, 2007

Continental Pilots Union and Continental Airlines Sign Protocol Agreement to Begin Contract Discussions
Agreement sets forth schedule to begin discussions in July

HOUSTON—Representatives from the Continental pilots’ union, the Air Line Pilots Association (ALPA), and Continental Airlines (NYSE: CAL) met today to sign a Protocol Agreement that sets the stage for the parties to begin talks about changes to the pilots’ contract. The agreement outlines the schedule, location and agenda for talks about the non-economic contract issues. Without the agreement, discussions on changes to the current contract would not have started until April 2008. Last May, the union asked the company to begin discussions early, this summer, in order to complete the process by the contract’s amendable date, Dec. 31, 2008. The company responded favorably to this request, leading to the Protocol Agreement that was signed today.

“We’re encouraged to see Continental’s management take this forward thinking approach in working with its pilots,” said Capt. Jay Pierce, chairman of the union’s Negotiating Committee. “By agreeing to start talking about the non-economic portions of our contract now, we will help to ensure that we have plenty of time to thoroughly discuss and refine all areas of the contract. Starting the process now allows us an opportunity to address issues that otherwise might get less attention.”

Added Capt. Tom Donaldson, chairman of the Continental Master Executive Council, the governing body of the Continental pilots’ union, “Continental Airlines management has shown that it is interested in working with its pilots in a way that other airlines are not. Working with employee groups and not against them is one of the best ways, we believe, of contributing to an airline’s success.”

“Open, honest and direct communication with our pilots, and all of our work groups, is part of our culture at Continental,” said Capt. Fred Abbott, vice president flight operations. “We look forward to continuing and even strengthening the mutually beneficial, cooperative relationship we already have with our pilots.”

Founded in 1931, ALPA is the world’s largest pilot union representing more than 60,000 cockpit crewmembers at 41 airlines in the U.S. and Canada. For more information, visit the ALPA website at www.alpa.org.

Continental Airlines is the world’s fifth largest airline. Continental, together with Continental Express and Continental Connection, has more than 3,100 daily departures throughout the Americas, Europe and Asia, serving 144 domestic and 138 international destinations. More than 400 additional points are served via SkyTeam alliance airlines. With more than 44,000 employees, Continental has hubs serving New York, Houston, Cleveland and Guam, and together with Continental Express, carries approximately 67 million passengers per year. Continental consistently earns awards and critical acclaim for both its operation and its corporate culture. For more company information, visit continental.com.

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