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AVIANCA HOLDINGS AND ITS SUBSIDIARIES CARRIED MORE THAN 2.6 MILLION PASSENGERS

Direct News Source

24-Jan-2017 Between January and December 2016, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 29,479,948 passengers, a 4.2% increase from 2015.

In December, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 2,629,433 passengers, an increase of 4.9% compared to December 2015. Capacity, measured in ASKs (available seat kilometers), increased 5.7%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 10.2%. The load factor for the month was 83.8%, an increase of 340 bps compared to the same period of 2015.

Between January and December 2016, the subsidiary companies of Avianca Holdings S.A. (NYSE: AVH) (BVC: PFAVH) (*) transported 29,479,948 passengers, a 4.2% increase with respect to 2015.Capacity, measured in ASKs (available seat kilometers), increased 5.9%, while passenger traffic, measured in RPKs (revenue passenger kilometers), increased 7.8%. The load factor for the year ended at 81.1%.

Domestic markets in Colombia, Peru and Ecuador

In December, the subsidiary airlines of Avianca Holdings transported within each of these markets a total of 1,518,526 travelers, an increase of 1.5% compared to December 2015. Capacity (ASKs) increased 0.5% while passenger traffic (RPKs) increased 1.7%. The load factor for the month was 81.6%, an increase of 90 bps compared to the same period of 2015.

International markets

In December, the affiliated airlines of Avianca Holdings transported 1,110,907 passengers on international routes, up 9.8% compared to December 2015. Capacity (ASKs) increased 7.0%, while passenger traffic (RPKs) increased 12.4%. The load factor for the month was 84.3%, an increase of 400 bps when compared to the same period of 2015.

Operational Statistics

Dec-16

Dec-15

Δ YOY

4Q 2016

4Q 2015

Δ YOY

YTD 2016

YTD 2015

Δ YOY

Avianca Holdings (Consolidated)

PAX (K)1

2,629

2,507

4.9%

7,666

7,301

5.0%

29,480

28,290

4.2%

ASK (mm)2

4,222

3,994

5.7%

12,093

11,566

4.6%

47,145

44,513

5.9%

RPK (mm)3

3,536

3,210

10.2%

10,138

9,216

10.0%

38,233

35,478

7.8%

Load Factor4

83.8%

80.4%

3.4pp

83.8%

79.7%

4.1pp

81.1%

79.7%

1.4pp

Domestic Market

PAX (K)1

1,519

1,496

1.5%

4,502

4,392

2.5%

17,623

17,054

3.3%

ASK (mm)2

826

822

0.7%

2,429

2,426

0.1%

9,879

9,723

1.6%

RPK (mm)3

674

663

1.7%

2,000

1,947

2.8%

7,842

7,531

4.1%

Load Factor4

81.6%

80.7%

0.9pp

82.3%

80.2%

2.1pp

79.4%

77.5%

1.9pp

International Market

PAX (K)1

1,111

1,011

9.8%

3,164

2,909

8.8%

11,857

11,236

5.5%

ASK (mm)2

3,396

3,173

7.1%

9,663

9,140

5.7%

37,265

34,789

7.1%

RPK (mm)3

2,862

2,547

12.4%

8,138

7,270

11.9%

30,391

27,947

8.7%

Load Factor4

84.3%

80.3%

4.0pp

84.2%

79.5%

4.7pp

81.6%

80.3%

1.3pp

1PAX: Passengers carried

2ASKs: Available Seat Kilometers

3RPKs: Revenue Passenger Kilometers

4Load Factor:Represents utilized seating capacity

The terms "Avianca Holdings" or "the Company" refer to the consolidated entity.

The original source-language text of this announcement is the official, authoritative version, Translations are provided as an accommodation only, and should be cross-referenced with the source-language text, which is the only version of the text intended to have legal effect,