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News Release

LATAM Airlines Group reports preliminary monthly statistics for February 2015
March 09, 2015

Santiago, Chile, March 9, 2015- 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 2015 compared to February 2014.

System passenger traffic increased by 3.9% while capacity increased by 2.5%. As a result, the Company's load factor for the month increased 1.1 points to 84.0%. International passenger traffic accounted for approximately 52% 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 2.1%, while capacity increased by 1.8%. As a consequence, the domestic passenger load factor increased 0.3 points to 84.4%.

Domestic passenger traffic in Brazil increased by 1.5%, while capacity increased by 0.4%. As a consequence, the domestic Brazil passenger load factor increased 0.9 points to 82.9%.

International passenger traffic increased by 5.9%, while capacity increased by 4.1%. Accordingly, the international passenger load factor for the month increased 1.5 points to 84.4%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM Airlines Group decreased 9.7% as capacity decreased 4.0%. As a consequence, the cargo load factor decreased 3.5 points to 55.1%. The decrease in cargo capacity is a result of reduced freighter operation. Cargo traffic decrease was driven by weaker imports into Latin America.