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News Release

LATAM Airlines Group reports preliminary monthly statistics for December 2012
January 15, 2013

Santiago, Chile, January 15, 2013- LATAM Airlines Group S.A. and its subsidiaries, ("LATAM Airlines Group" or "the Company") (NYSE: LFL / IPSA: LAN / Bovespa: LATM11), the leading airline group in Latin America, today reported preliminary monthly traffic statistics for December 2012 compared to December 2011.

System passenger traffic increased 10.0% as capacity rose 7.4%. As a result, the Company's load factor for the month increased 1.8 points to 78.2%. International passenger traffic accounted for approximately 50% 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 10.6%, as capacity increased 11.6%. As a consequence, the domestic passenger load factor decreased 0.7 points to 78.1%.

Domestic passenger traffic in Brazil rose 10.5%, as capacity decreased 3.7%. As a consequence, the domestic Brazil passenger load factor increased 10.5 points to 81.9%.

International passenger traffic rose 9.6%, while capacity increased 15.0%. Accordingly, the international passenger load factor for the month decreased 3.7 points to 75.7%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM Airlines Group increased 3.1% as capacity increased 5.5%. As a consequence, the cargo load factor decreased 1.4 points to 61.3%. The increase in traffic was driven by a stronger seasonal demand as compared to December 2011, which was partially offset by weaker imports into Latin America

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