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News Release

LATAM Airlines Group reports preliminary monthly statistics for May 2014
June 10, 2014

Santiago, Chile, June 10, 2014– 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 May 2014 compared to May 2013.

System passenger traffic increased by 2.8% while capacity decreased by 1.1%. As a result, the Company’s load factor for the month increased 3.1 points to 82.9%. International passenger traffic accounted for approximately 53% 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 5.5%, while capacity increased by 2.8%. As a consequence, the domestic passenger load factor increased 2.0 points to 77.3%.

Domestic passenger traffic in Brazil increased by 0.6%, while capacity decreased by 1.2%. As a consequence, the domestic Brazil passenger load factor increased 1.4 points to 80.2%.

International passenger traffic increased by 3.4%, while capacity decreased by 2.1%. Accordingly, the international passenger load factor for the month increased 4.6 points to 86.4%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM decreased 0.7% as capacity decreased 4.4%. As a consequence, the cargo load factor increased 2.3 points to 60.5%. The decrease in cargo capacity is a result of a decreased availability in the bellies of passenger aircraft in addition to a reduced freighter operation. Cargo traffic decrease was driven by weaker imports into Latin America and a decrease in exports in certain products from the region.