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News Release

LATAM Airlines Group’s credit rating upgraded from B+ to BB- by Fitch Ratings
July 10, 2019

Santiago, Chile, July  10, 2019– LATAM Airlines  Group S.A. (“LATAM” or “the Company”) (NYSE: LTM / IPSA: LTM), Latin America’s leading  airline group, informs that Fitch Ratings has upgraded the Company’s credit  rating to BB- (from B+), with a ‘stable’ outlook, due to LATAM’s debt reduction  in recent years, financial flexibility and consistently high liquidity levels.

  In addition, Fitch  Ratings upgraded the international unsecured notes issued by LATAM and its  subsidiaries to BB- (from B+) and upheld LATAM’s national scale long-term  rating at BBB+(cl).

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  About LATAM Airlines Group  S.A
LATAM  Airlines Group is Latin America’s leading airline group with one of the largest  route networks in the world, offering services to 142 destinations in 26  countries, including six domestic markets in Latin America – Argentina, Brazil,  Chile, Colombia, Ecuador and Peru – in addition to international operations in  Latin America, Europe, the United States, the Caribbean, Oceania, Africa and  Asia.

The  airline group employs over 41,000 people worldwide, operating approximately  1,300 flights per day and transporting 69 million passengers per year.

LATAM  Airlines Group has 313 aircraft in its fleet, which  features the latest  and most modern models including the Boeing 787, Airbus A350, A321 and A320neo.

LATAM  Airlines Group is the only airline group in the Americas and one of three  worldwide to be part of the Dow Jones Sustainability ‘World’ Index. In 2018, it  was recognized by the index for sustainable practices, based on economic,  social and environmental criteria, for the fifth consecutive year.

LATAM  Airlines Group shares are traded on the Santiago Stock Exchange and the New  York Stock Exchange in the form of ADRs.

For  any commercial or brand related query, visit www.latam.com. Further  financial information is available via www.latamairlinesgroup.net