LATAM Airlines Group reports preliminary monthly statistics report for October 2012

Santiago, Chile, November 14, 2012– LATAM Airlines Group S.A. and its subsidiaries, (“LATAM Airlines Group” or “the Company”) (NYSE: LFL / IPSA: LAN / Bovespa: LATM11), the leading airline group in Latin America, today reported its preliminary monthly traffic statistics for October 2012 compared to October 2011.

System passenger traffic increased 8.8% as capacity rose 5.7%. As a result, the Company’s load factor for the month increased 2.2 points to 77.8%. 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 13.1%, as capacity increased 17.7%. As a consequence, the domestic passenger load factor decreased 3.1 points to 75.8%.

Domestic passenger traffic in Brazil rose 10.7%, as capacity decreased 3.7%. As a consequence, the domestic Brazil passenger load factor increased 9.9 points to 76.1%.

International passenger traffic rose 6.4%, while capacity increased 9.9%. Accordingly, the international passenger load factor for the month decreased 2.6 points to 79.4%. International traffic includes international operations of both LAN and TAM on regional and long haul routes.

Cargo traffic for LATAM Airlines Group decreased 3.7% as capacity increased 0.2%. As a consequence, the cargo load factor decreased 2.4 points to 59.4%. The decrease in traffic continues to be driven by weaker imports into Latin America, especially Brazil. Regarding capacity, the company received its fourth B777 freighter during October.