AVIANCATACA HOLDING S.A. EARNS NET PROFIT OF USD 56.3 MILLION

  AVIANCATACA HOLDING S.A. EARNS NET PROFIT OF USD 56.3 MILLION

This figure is 14.8% higher in comparison to the same period for the previous
                                     year

Business Wire

BOGOTA, Colombia -- November 20, 2012

During the third quarter of 2012, AviancaTaca Holding S.A, (BVC: PFAVTA)
reported operating income of US$1.1075 billion. This is equivalent to an
increase of 8.1% with respect to the same period of 2011, removing the
non-recurring revenue for expired tickets recorded in the third period of
2011.

Operating profit reached US$116.6 million. On the other hand, the EBITDAR
(earnings before interest, tax, depreciation, amortization and airplane
rental) recorded for the period was US$226.4 million.

Net profits for the third quarter of 2012 rose to USD 56.3 MILLION, 14.8%
higher than the profit recorded for the same period in 2011.

Capacity measured in ASK (Available Seats per Kilometer) increased by 10.3% in
the third quarter as a result of the growth and consolidation strategy of the
four (4) connecting hubs (Bogotá, Lima, San Salvador and San José in Costa
Rica). The company opened five (5) new routes during this period, along with
additional flights to existing routes in South America.

Passenger traffic measured in RPK (Revenue Passenger Kilometer) rose 9.1% in
the third quarter, whereas the load factor reached 81.8%. Cost per available
seat kilometer, excluding fuel costs (CASK ex Fuel), declined by 6.0%.

During the third quarter, the company announced that it will be adopting the
Avianca brand name for all of the group's airlines, which will take effect
during 2013. In the same manner, in compliance with its fleet renovation and
modernization plan, five aircraft were incorporated into the fleet during the
quarter: one (1) Airbus A330, two (2) Airbus A319, and two (2) Airbus A320.

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.

Contact:

AviancaTaca Holding S.A.
Communications and Corporate Affairs Department
Gilma Úsuga
Tel: (57+1) - 587 77 00 ext. 2246
E-mail: gilma.usuga@aviancataca.com; janeth.benitez@aviancataca.com
or
Claudia Arenas
Tel (50+2) 2279-5700 - (502) 2279-5600
E-mail: claudia.arenas@aviancataca.com