AVIANCA HOLDINGS SUBISIDARY AIRLINES TRANSPORT MORE THAN 6 MILLION PASSENGERS

In March 2014, Avianca Holdings and its subsidiaries carried more than 2.1 million passengers, a 5.1% increase over the same period in 2013.

In the first quarter of 2014, Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) affiliated airlines carried 6,188,726 passengers, a 3.3% increase over the same period in 2013. Capacity, measured in ASKs (available seat kilometers), increased 5.5%, while passenger traffic, measured in RPKs (passenger revenue per kilometer flown), increased 2.3%. As a result, the load factor for the first quarter was 78.4%.

In March, the subsidiary companies of Avianca Holdings transported 2,112,639 passengers, up 5.1% compared to March 2013. Capacity (ASKs) increased 5.9%, while passenger traffic(RPKs) increased 3.7%. The load factor for the month was 76.6%.

Domestic markets in Colombia, Peru and Ecuador
From January through March 2014, the number of passengers carried by the affiliated companies of Avianca Holdings within the domestic markets of Colombia, Peru and Ecuador was 3,619,550, up 5.0% compared to the same period in 2013. Capacity (ASKs) in these markets increased 6.4%, while passenger traffic (RPKs) increased 5.4%. As a result, the load factor was 77.2%.

In March, the subsidiary airlines of Avianca Holdings transported within these markets a total of 1,249,508 travelers, up 6.9% compared to March 2013. Capacity (ASKs) increased 4.8%, while passenger traffic (RPKs) increased 7.1%. As a result, the load factor was 76.9%.

International markets
From January through March 2014, the number of passengers carried on international routes was 2,569,176, up 0.9% compared to the same period in 2013. Capacity (ASKs) grew 5.2%, while passenger traffic (RPKs) increased 1.6%. As a result, the load factor increased to 78.7%.

In March, the affiliated airlines of Avianca Holdings transported 863,131 passengers on international routes, up 2.6% compared to March 2013. Capacity (ASKs) increased 6.2%, while passenger traffic (RPKs) grew about 2.8%. As a result, the load factor was 76.6%.