Latam Airlines Group

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LATAM Airlines Group reports preliminary monthly statistics for February 2014
March 10, 2014

Santiago, Chile, March 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 February 2014 compared to February 2013.

System passenger traffic decreased 0.7% as capacity decreased 5.7%. As a result, the Company's load factor for the month increased 4.2 points to 82.9%. 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 7.4%, as capacity increased 5.7%. As a consequence, the domestic passenger load factor increased 1.4 points to 84.1%.

Domestic passenger traffic in Brazil increased 0.5%, as capacity decreased 7.2%. As a consequence, the domestic Brazil passenger load factor increased 6.3 points to 82.0%.

International passenger traffic decreased 3.8%, while capacity decreased 8.2%. Accordingly, the international passenger load factor for the month increased 3.7 points to 82.9%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM decreased 0.8% as capacity decreased 5.7%. As a consequence, the cargo load factor increased 2.9 points to 58.6%. 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.

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