LATAM Airlines Group reports preliminary monthly statistics for November 2012

Santiago, Chile, December 21, 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 revised monthly traffic statistics for November 2012 compared to November 2011.

System passenger traffic increased 12.0% as capacity rose 6.5%. As a result, the Company’s load factor for the month increased 3.9 points to 78.3%. International passenger traffic accounted for approximately 50% 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 13.8%, as capacity increased 14.9%. As a consequence, the domestic passenger load factor decreased 0.7 points to 78.8%.

Domestic passenger traffic in Brazil rose 14.7%, as capacity decreased 5.2%. As a consequence, the domestic Brazil passenger load factor increased 14.0 points to 80.7%.

International passenger traffic rose 9.8%, while capacity increased 13.4%. Accordingly, the international passenger load factor for the month decreased 2.5 points to 76.6%. 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 3.1%. As a consequence, the cargo load factor decreased 4.3 points to 60.5%. The decrease in traffic continues to be driven by weaker imports into Latin America, especially Brazil.