FEBRUARY 16TH, 2017
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Avianca Holdings And Its Subsidiaries Carried More Than 2.6 Million Passengers in January 2017

In January 2017, Avianca Holdings and its subsidiaries carried 2,635,662 passengers, a 5.7% increase over the same period in 2016

Bogota, February 16, 2017. In January, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,635,662 passengers, an increase of 5.7% compared to January 2016. Capacity, measured in ASKs (available seat kilometers), increased 6.5%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 10.4%. The load factor for the month was 85.3%, an increase of 300 bps compared to the same period of 2016.

Domestic markets in Colombia, Peru and Ecuador
In January, the subsidiary airlines of Avianca Holdings transported within each of these markets a total of 1,511,729 travelers, an increase of 1.7% compared to January 2016. Capacity (ASKs) remained stable while passenger traffic (RPKs) increased 2.1%. The load factor for the month was 82.2%, an increase of 180 bps compared to the same period of 2016.

International markets
In January, the affiliated airlines of Avianca Holdings transported 1,123,933 passengers on international routes, up 11.6% compared to January 2016. Capacity (ASKs) increased 8.2%, while passenger traffic (RPKs) increased 12.5%. The load factor for the month was 86.1%, an increase of 330 bps when compared to the same period of 2016.