AVIANCA HOLDINGS AND ITS SUBSIDIARIES CARRIED MORE THAN 2.3 MILLION PASSENGERS

· In January 2015, Avianca Holdings and its subsidiaries carried 2,360,600 passengers, an 8.9% increase over the same period in 2014, reaching a load factor of 81.9%

In January, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,360,600 passengers, up 8.9% compared to January 2014. Capacity, measured in ASKs (available seat kilometers), increased 7.2%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 8.2%. The load factor for the month was 81.9%.

Domestic markets in Colombia, Peru and Ecuador
In January, the subsidiary airlines of Avianca Holdings transported within these markets a total of 1,402,424 travelers, up 13.3% compared to January 2014. Capacity (ASKs) increased 14.5%, while passenger traffic (RPKs) increased 12.7%. As a result, the load factor for the month was 76.1%.

International markets
In January, the affiliated airlines of Avianca Holdings transported 958,176 passengers on international routes, up 3.1% compared to January 2014. Capacity (ASKs) increased 5.3%, while passenger traffic (RPKs) increased 7.1%. The load factor for the month was 83.6%.