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News Release

LATAM Airlines Group reports preliminary monthly statistics for October 2014
November 10, 2014

Santiago, Chile, November 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 October 2014 compared to October 2013.

System passenger traffic increased by 3.0% while capacity increased by 1.1%. As a result, the Company’s load factor for the month increased 1.6 points to 84.9%. International passenger traffic accounted for approximately 51% 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 7.9, while capacity increased by 5.8%. As a consequence, the domestic passenger load factor increased 1.6 points to 81.3%.

Domestic passenger traffic in Brazil increased by 5.5%, while capacity increased by 1.7%. As a consequence, the domestic Brazil passenger load factor increased 3.0 points to 83.3%.

International passenger traffic increased by 0.1%, while capacity decreased by 0.8%. Accordingly, the international passenger load factor for the month increased 0.8 points to 87.2%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM Airlines Group increased 1.5% as capacity decreased 2.3%. As a consequence, the cargo load factor increased 2.4 points to 62.9%. The decrease in cargo capacity is a result of decreased availability in the bellies of passenger aircraft in addition to a reduced freighter operation. Cargo traffic increase was driven by stronger seasonal exports from Latin America.