Latam Airlines Group

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LATAM Airlines Group reports preliminary monthly statistics for February 2016
March 09, 2016
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Santiago, Chile, March 09, 2016- LATAM Airlines Group S.A. and its subsidiaries, ("LATAM Airlines Group" or "the Company") (NYSE: LFL / IPSA: LAN / Bovespa: LATM33), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for February 2016 compared to February 2015.

System passenger traffic increased by 6.9% while capacity increased by 5.8%. As a result, the Company's load factor for the month increased 0.9 points to 84.8%. International passenger traffic accounted for approximately 55% of the month's total passenger traffic.

Domestic passenger traffic in LATAM Airlines Group's Spanish speaking operations (Chile, Argentina, Peru, Ecuador and Colombia) rose 12.1%, while capacity increased by 9.8%. As a consequence, the domestic passenger load factor increased 1.8 points to 86.2%

Domestic passenger traffic in Brazil decreased 6.1%, while capacity decreased by 4.8%. As a consequence, the domestic Brazil passenger load factor decreased by 1.2 points to 81.8%.

International passenger traffic increased by 12.8%, while capacity increased by 10.8%. Accordingly, the international passenger load factor for the month increased 1.6 points to 86.0%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic continues to be weak during the month of February, especially in Brazil domestic and international markets. As a result, cargo traffic for LATAM Airlines Group decreased 7.4% in February, and the cargo load factor decreased 3.7 points to 51.4%. We continue to adjust cargo capacity through a reduced freighter operation, which resulted in a decline of 0.7% of cargo ATKs in February.