Exhibit 12.1

CONTINENTAL AIRLINES, INC.

COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES
(IN MILLIONS)

	Six Months
	Ended
	June 30,			Years Ended December 31,
	2005			2004			2003			2002			2001			2000
Earnings:
Earnings (Loss) Before Income Taxes and Minority Interest		(86	)		(449	)		186			(649	)		(146	)		546
Less:
Undistributed Earnings (Losses) of Equity Investees		26			66			23			8			(14	)		(1	)
Plus:
Interest Expense		198			389			393			372			311			253
Capitalized Interest		(5	)		(14	)		(24	)		(36	)		(57	)		(57	)
Amortization of Capitalized Interest		20			39			38			35			28			21
Portion of Rent Expense Representative of Interest Expense		446			856			847			860			842			786
		547			755			1,417			574			992			1,550
Fixed Charges:
Interest Expense		198			389			393			372			311			253
Portion of Rent Expense Representative of Interest Expense		446			856			847			860			842			786
Total Fixed Charges		644			1,245			1,240			1,232			1,153			1,039
Coverage Adequacy (Deficiency)		(97	)		(490	)		177			(658	)		(161	)		511
Coverage Ratio	NA			NA				1.14		NA			NA				1.49