AVIANCA HOLDINGS AND ITS SUBSIDIARIES CARRIED CLOSE TO 2.2 MILLION PASSENGERS

· In September 2014, Avianca Holdings and its subsidiaries carried close to 2.2 million passengers, a 12.2% increase over the same period in 2013, reaching a load factor of 79.0%

· For 3Q 2014, Avianca Holdings and its subsidiaries carried close to 6.9 million passengers, a 7.5% increase over the same period in 2013

In September, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,183,710 passengers, up 12.2% compared to September 2013. Capacity, measured in ASKs (available seat kilometers), increased by 9.6%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 8.4%. The load factor for the month was 79.0%.

Domestic markets in Colombia, Peru and Ecuador
In September, the subsidiary airlines of Avianca Holdings transported within these markets a total of 1,321,218 travelers, up 15.9% compared to September 2013. Capacity (ASKs) increased 16.2%, while passenger traffic (RPKs) increased 12.8%. As a result, the load factor for the month was 74.4%.

International markets
In September, the affiliated airlines of Avianca Holdings transported 862,492 passengers on international routes, up 7.0% compared to September 2013. Capacity (ASKs) increased 7.9%, while passenger traffic (RPKs) grew about 7.3%. The load factor for the month was 80.3%.