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Fleet Reduction to Continue

FA Mikey

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Continental expects to retire 19 MD-80 and 737- 300 aircraft -- four during the fourth quarter of 2003 and 15 in 2004. The remaining MD-80 aircraft in Continental''s fleet are expected to be retired from service in January 2005. The net result will be further reductions in Continental''s fleet.

Continental operated 358 aircraft in June 2003. By comparison, the airline operated 374 aircraft in June 2002, and 377 aircraft in June 2001.

Continental expects its fleet to further shrink to 354 aircraft by June 2004 and 348 aircraft by June 2005.
 

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