FIRST QUARTER RESULTS 2016

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1 FIRST QUARTER RESULTS 2016 KEY RESULTS In 1Q16 Interjet total revenues added $3,850.8 million pesos that represented an increase of 21.9% over the income generated in the 1Q15. In 1Q16 total passengers carried increased 11.6% reaching 2.5 million compared to 2.2 million in the same period of In 1Q16 operating income increased 19.6%, reaching $ million pesos with a margin of 7.0% compared to the same period of In 1Q16 EBITDAR increased 29.3% compared to the same period in 2015, reaching $ 1,103.9 million pesos with a margin of 28.7% regarding total revenues. INTERJET reported a net profit of $ million pesos in the 1Q16, compared to a $117.7 million profit produced in the same period of Q= First Quarter

2 The following is a summary of financial and operational consolidated selected information, which is derived from a comparison of internal unaudited consolidated financial statements of INTERJET s first quarter of 2016 vs

3 SELECTED FINANCIAL AND OPERATING INFORMATION FIRST QUARTER ITEM % OF VAR ASK (million) 3,491 3, % RPK (millon) 2,560 2, % LOAD FACTOR 73.3% 69.5% 3.8 pp PASSENGERS (thousand) 2,455 2, % TOTAL REVENUE (million) 3,851 3, % REVENUE PAX (million) 3,563 2, % YIELD (pesos) % RASK (pesos) % CASK (pesos) % CASK (USD) (2.3%) CASK EXCLUDING FUEL (pesos) % CASK EXCLUDING FUEL (USD) % RASK - CASK (pesos) % RASK - CASK (excluding fuel) (pesos) (11.7%) EBITDAR (million) 1, % EBITDAR MARGIN (as % of total revenues) 28.7% 27.0% 1.6 pp OPERATING INCOME (million) % OPERATING MARGIN ( as % of total revenues) 7.0% 7.2% -0.1 pp NET INCOME (million) % NET MARGIN (as % of total revenues) 5.3% 3.7% 1.6 pp

4 Market environment INTERJET operated during the 1Q16 within an environment characterized by the following factors: Depreciation of the average exchange rate. The closing exchange rate for the first quarter of 2016 recorded depreciation against the dollar of 13.2% compared to the end of 1Q15, going from $ pesos per dollar at the end of 1Q15 to $ pesos per dollar at the end of 1Q16. Decrement in fuel prices in pesos. During the period January-March 2016 the average fuel price per liter paid by INTERJET recorded a decrease of 19.2% compared to the same period of 2015, reaching an average price per liter of $ 5.95 compared to $ 7.37 average per liter in the 1Q15. Slight economic growth. In the 1Q16 Mexican economy showed slight recovery in the pace of economic growth. The General Indicator of Economic Activity showed a 2.9% increment during January, compared to the same period of Higher growth of passenger traffic in the domestic industry. According to figures released by the Dirección General de Aeronáutica Civil (DGAC) it was observed during January and February of 2016 growth in passenger traffic of Mexican industry by 11.5% regarding the same period of Passenger traffic in the domestic market grew 13.2% and the traffic in the international market grew 10.1% regarding the same period of 2015.

5 Revenues In the 1Q16 INTERJET total revenues increased 21.7% from $ 3,158.3 million in the 1Q15 to $ 3,850.8 million in the 1Q16 mainly due to an increment in passenger revenues. Passenger revenues increased 22.9% from $ 2,900.3 million pesos in the 1Q15 to $ 3,563.5 million pesos in the 1Q16, mainly due to an 11.6% increase in passengers carried and the increase in the load factor, international passenger revenues incremented 53.5% regarding the same period of The company is constantly reviewing fares and itineraries to maximize revenue. The supply of seats (ASK's) increased by 10.4% in the 1Q16 compared to the same period of 2015, mainly due to the opening of new routes and increment of operations by the planned expansion of the company by incorporating new fleet. Other income increased 11.4%, from $ million pesos in the 1Q15 to $ million pesos in the 1Q16, mainly due to increase from maintenance services to third parties. Operating expenses Operating expenses increased 22.0%, from $ 2,931.8 million pesos in the 1Q15 to $ 3,580 million pesos in the 1Q16 mainly due to a growth in operations by incorporating SSJ100 regional that originated higher costs for: maintenance, airport operating and landing fees, crew wages, salaries and benefits, flight equipment rentals and depreciation for the acquisition of aircraft were partially offset by lower jet fuel costs. At the end of 1Q16 the company operated 19 SSJ100 and 41 A320's. The unit cost per ASK in pesos (CASK) increased 10.6% compared to 1Q15. As a result of higher expenses, partially offset by jet fuel costs due to the lower price per liter paid by the company. For its part, the CASK excluding fuel increased 21.2% over the same period in the previous year, expressing the depreciation of the peso against the dollar.

6 Fuel expenses on the 1Q16 decreased by 8.7% from $ million in 1Q16 to $ million pesos in the same period of 2015, mainly due to the low of 19.3% in the price per liter of fuel paid by the company reaching an average price per liter from $ 5.95 compared to $ 7.37 of 1Q15. This decrement was partially offset by the increase in fuel consumption and by the increase in operations of approximately 9.0% from 23,517 operations in the 1Q15 to 25,636 operations in the same period of The cost per ASK's decreased 17.3% compared with the same period of Maintenance expenses increased 32.6%, from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of an increase in our fleet services by major operations generated by incorporating fleet and the impact of the depreciation of the peso against the dollar. The cost per ASK's increased 20.1% compared to the same period of The costs for Airport operating and landing fees increased 32.9% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of an increase of 9.0% in the number of operations during the 1Q16 compared with the same period of The cost per ASK's increased 20.4% compared to the same period of Expenses for wages, salaries and benefits for crews increased 43.2% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 mainly due to a 26.2% increase in the number of employees that integrate the crews from 1,077 in the 1Q15 to 1,359 in the same period of 2016, which included training expenses and per diem as a result of additional aircraft were acquired in this period, representing growth of 58.3% in the operating fleet of SSJET going from 12 to 19. The cost per ASK's increased 29.8% compared to the same period in Selling expenses and advertising increased 36.5% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of increase in advertising to promote new routes and higher fees from bank charges for the increase in sales. The cost per ASK's increased 23.7% compared to the same period of Administrative and technology expenses increased 32.9%, from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of an increase

7 on technology and new platforms to support the growth of the company. The cost per ASK's increased 20.4% compared to the same period of Flight equipment rentals increased 23.1% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of the effect of the depreciation of the peso against the dollar, considering full rentals are in dollars. The cost per ASK's incremented 11.5% compared to the same period of Depreciation expenses increased 52.2% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16 as a result of additional fleet by purchasing regional aircraft SSJ100 reaching 19 aircraft at the end of 1Q16 compared with the 12 aircraft at the end of 1Q15. The cost per ASK's increased 37.9% compared to the same period of EBITAR EBITDAR increased 29.3% from $ million pesos in the 1Q15 to $ 1,103.9 million pesos in the 1Q16. The EBITDAR margin reached 28.7% in the 1Q16, 1.7 percentage points higher over the same period from Operating Income Operating income increased 19.6% from $ million pesos in the 1Q15 to $ million pesos in the 1Q16. This was mainly due to the first quarter of 2016 operating expenses increased $ million pesos and revenue $ million pesos compared to the same period in 2015, for the above reasons. Integral cost of financing The integral cost of financing decreased 37.6%, at a cost from $ million pesos in the 1Q15 at a cost of $ 66.0 million pesos in the 1Q16 as a result of higher interest paid by the increase in bank debt in dollars for the acquisition of flight equipment partially offset by exchange profit as a result of the conversion of currency from dollar to pesos in some debt.

8 Net Income INTERJET recorded net income of $ million pesos in the 1Q16 compared to net income from $ million pesos generated in the 1Q15. Comments to the statement of financial position and liquidity At March 31, 2016 the company achieved $ 1,618.4 million pesos in cash and cash equivalents. Net cash provided by operating activities in 1Q16 imported $ million pesos. Net cash provided by investing activities primarily express investments in aircraft and maintenance reserves payments. Net cash used in financing activities express higher bank loans for the purchase of aircraft and working capital. Investor Relations Contact: Alejandro Beristain/CFO/

9 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Interim Statements of Financial Position As of March 31, 2016 and December 31, 2015 (In millions of Mexican pesos) March 31, 2016 December 31, 2015 Assets Current assets: Cash and cash equivalents $1,618.4 $2,020.2 Accounts receivable 1, Recoverable taxes, mainly income tax and valueadded tax Inventories Prepaid expenses Total current assets 4,009 3,707.0 Advance payments to purchase flight equipment 1, ,476.6 Flight equipment, leasehold improvements, and furniture and equipment - Net 17, ,101.6 Prepaid maintenance 5, ,134.7 Deferred tax assets Other assets - Net Concession Deposits on aircraft leases Total $28,989.4 $28,238.5 Liabilities and stockholders equity Current liabilities: Notes payable to financial institutions $7,685.0 $7,638.3 Accounts payable 1, ,706.5 Other accounts payable and accrued expenses 1, Payable taxes other than income taxes Air traffic liability Total current liabilities 11, ,313.6 Long-term debt 10, ,095.1 Employee benefits and other deferred liabilities Provision of maintenance and retirement conditions 3, ,289.6 Total liabilities 25, ,708.2 Stockholders equity: Capital stock Contributions for future capital increases Translation effects of foreign operation Retained earnings 2, ,323.0 Controlling interest 3, ,497.0 Noncontrolling interest Total stockholders equity 3, ,530.3 Total $28,989.4 $28,238.5

10 ABC Aerolineas, S.A. de C.V. and Subsidiaries Unaudited Condensed Consolidated Interim Statements of Profit For the three ended March 31, 2016 and 2015 (In millons of Mexican pesos) Three months ended March Operating revenues: Passengers $3,563.5 $2,900.3 Other , ,158.3 Operating expenses: Aircraft fuel Maintenance and return conditions Airport operating and landing fees Wages, salaries and benefits Insurance and passenger service Selling Administrative and other Flight equipment rentals Depreciation and amortization , ,931.9 Operating incom e Com prehensive financing cost: Interest income Interest expense (195.6) (129.9) Exchange loss Net (66.0) (105.9) Incom e before incom e taxes Income taxes (0.9) (2.8) Net incom e $203.9 $117.7

11 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Condensed Consolidated Interim Statements of Cash Flows For the three months ended March 31, 2016 and 2015 (In millions of Mexican pesos) March 31, 2016 March 31, 2015 Operating activities: Net income (loss) $203.9 $117.7 Income taxes recognized in income (0.0) 0.0 Depreciation Provision of maintenance and amortization and retirement conditions (38.8) Interest expense Unrealized foreign exchange (Increase) decrease accounts receivable (533.5) (444.2) (Increase) decrease due from related parties 0.0 (43.8) (Increase) decrease recoverable taxes, mainly income tax and value-added tax 8.8 (0.3) (Increase) decrease inventories (Increase ) decrease prepaid expenses (231.8) 0.0 (Increase ) decrease deposits on aircraft leases (50.2) 0.0 Increase (decrease) accounts payable Increase (decrease) other accounts payable and accrued expenses Increase (decrease) payable taxes Increase (decrease) air traffic liability Increase (decrease) employee benefits and other deferred liabilities (2.8) Net cash provided by operating activities ,809.7 Investing activities: Flight equipment, leasehold improvements, and furniture and equipment (3,219.6) (4,416.5) Long - term prepaid expenses (276.6) (7.2) Other assets 66.5 (10.3) Prepaid maintenance (1,805.8) (596.0) Net cash used in investing activities (571.6) (2,025.5) Financing activities: Net Financing (18.0) Interest paid (195.6) 0.0 Net cash provided by financing activities (213.6) Effects from exchange rates 0.0 (86.3) Net decrease in cash and cash equivalents (401.8) (83.3) Cash and cash equivalents at beginning of period 2, ,360.3 Cash and cash equivalents at end of period $1,618.4 $2,277.0

12 ABC Aerolineas, S.A. de C.V. and Subsidiaries Unaudited Condensed Consolidated Interim Statements of Changes in Stockholder s Equity For the three and twelve months ended March 31, 2016 and December 2015 and 2014, respectively (Millions of Mexican pesos) Capital Stock Contributions for future capital increases Translation effects of foreign operations Retained earnings Non controlling interests Total Stockholder s Equity Balances as of December 31, , ,148.5 Comprehensive Income: Translation effects of foreign operations Net income for the year Balances as of December 31, 2015 $900.0 $0.0 $274.0 $2,323.0 $33.3 $3,530.3 Comprehensive Income: Translation effects of foreign operations Net income for the year Balances as of March 31, 2016 $900.0 $0.0 $296.2 $2,524.0 $36.2 $3,756.4

13 Glossary ASK Means, (available seat kilometer). Represents the total number of seats flown by an airline multiplied by the number of kilometers flown. RPK Means, (revenue passenger kilometer) Represents the number of kilometers flown by paying customers. Load Factor It means the total seats filled airplane seats average. It is determined by dividing the total RPK's between ASK's. YIELD It means performance indicator of pesos per kilometer. YIELD POR RPK It is determined by dividing passenger revenues divided by RPK's. RASK Means, (Revenues per Available Seat Kilometer) It is determined dividing the TOTAL INCOMES between ASK's. CASK Means (Cost of Available Seat Kilometer) Unitary average cost calculated by dividing total operating expenses by ASKs CASK excluding fuel It is determined by dividing total expenses, less fuel consumption, including ASK's.

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