THIRD QUARTER RESULTS 2018

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1 THIRD QUARTER RESULTS 2018 KEY RESULTS In the 3Q18 Interjet total revenues added $ 6,244.8 million pesos that represented an increase of 7.0% over the revenue generated in the 3Q17. In the 3Q18, operating loss was $ million pesos, compared to the operating income of $ million pesos in the 3Q17, with operating margins of -15.7% and 6.6% respectively. In 3Q18, EBITDAR reflected a decrease of 71.0% from $ 1,431.6 million pesos in the 3Q17, compared to $ million pesos in the same period of 3Q18, with EBITDAR margins of 24.5% and 6.6%, respectively. INTERJET recorded a net loss of $ million pesos in the 3Q18, compared to a net income of $ million pesos in the same period of 2017, with margins of -15.7% and 4.0%, respectively. 3Q= Third quarter

2 Below is a summary of the selected consolidated financial and operating Information, which is derived from the comparison of Interjet s nonaudited, consolidated financial information for the third quarter of 2018 vs SELECTED FINANCIAL AND OPERATING INFORMATION THIRD QUARTER ITEM % OF VAR ASK (millons) 5,800 5, % RPK (millons) * 4,720 4, % LOAD FACTOR * 81.4% 78.3% 3.1 pp PASSENGERS (thousands) 3,556 3, % TOTAL REVENUE (millions) 6,245 5, % REVENUE PAX (millions) * 6,101 5, % YIELD (pesos) * (1.8%) RASK (pesos) (5.3%) CASK (pesos) % CASK EXCLUDING FUEL (pesos) % EBITDAR (millions) * 415 1,432 (71.0%) EBITDAR MARGIN (as % of total revenues) 6.6% 24.5% 17.9pp OPERATING (LOSS) INCOME (millions) (978) 385 NR OPERATING MARGIN (as % of total revenues) (15.7%) 6.6% (22.3) pp NET (LOSS) INCOME (millions) * (980) 232 NR NET MARGIN (as % of total revenues) (15.7%) 4.0% (19.7) pp PP: Porcentual Points *: IFRS Effect NR: Non Representative

3 SELECTED FINANCIAL AND OPERATING INFORMATION NINE MONTHS ITEM % OF VAR ASK (millons) 16,538 14, % RPK (millons) * 13,375 11, % LOAD FACTOR * 80.9% 76.1% 4.8 pp PASSENGERS (thousands) 10,263 9, % TOTAL REVENUE (millions) 17,317 15, % REVENUE PAX (millions) * 16,734 13, % YIELD (pesos) * (1.0%) RASK (pesos) (2.6%) CASK (pesos) % CASK EXCLUDING FUEL (pesos) (0.5%) EBITDAR (millions) * 1,893 3,136 (39.6%) EBITDAR MARGIN (as % of total revenues) 10.9% 20.2% (9.3)pp OPERATING (LOSS) INCOME (millions) (1,940) 76 NR OPERATING MARGIN (as % of total revenues) (11.2%) 0.5% (11.7) pp NET (LOSS) (millions) * (1,715) (251) NR NET MARGIN (as % of total revenues) (9.90%) (1.6%) (8.3) pp PP: Porcentual Points *: IFRS Effect NR: Non Representative

4 Market environment INTERJET operated during the 3Q18 in an environment defined by the following factors: Growth of passenger traffic in the domestic and international industry. According to figures published by the DGAC, (General Direction of Civil Aviation) the passenger market for Mexican airlines increased by an average of 8.1% during the months of July and August of 2018 over the same period of the previous year. The volume of passengers in the domestic market increased 7.4%, while the international market volume grew 10.4%. Slight economic growth. During the 3Q18 the Mexican economy showed a recovery in the pace of economic growth. The General Indicator of Economic Activity (IGAE) in July and August 2018 grew 2.3% compared to the same period of Increase in fuel prices in pesos. During the period July to September 2018 the weighted average price of fuel per liter paid by INTERJET increased by 49.94% when compared to the same period in 2017, reaching a weighted average price per liter of $ in the 3Q18, compared to $ 8.33 weighted average price per liter in 3Q17. Depreciation of the average exchange rate. The closing exchange rate for the quarter reflected a depreciation of the peso compared to the US dollar of 7.0% compared to the same period of 2017, going from $ pesos per US dollar at 3Q17 to $ pesos per US dollar at 3Q18.

5 Revenue (*Effect IFRS 15) At the beginning of 2018, Interjet adopted the new IFRS 15, using the Modified Retrospective method established in IFRS 15.C3 b), under which the adjustments for the application effect of the new standard are recognized in retained earnings as of the date of initial application (January 1, 2018). Under this transition method, Interjet will apply this rule retroactively only to contracts that are not completed by the date of the initial application. In the 3Q18 INTERJET total revenue increased 7.0% from $ 5,835.2 million pesos in the 3Q17 to $ 6,244.8 million pesos in the 3Q18. This increase was mainly due to a growth in passengers. Passenger revenue increased 15.4%, from $ 5,286.3 million pesos in the 3Q17 to $ 6,100.7 million pesos in the 3Q18, mainly due to a higher volume of transported passengers. The increased revenue also reflected the reclassification of "ancillaries" commented in the following paragraph. Other income (* IFRS15 effect) decreased 73.9% from $ million pesos in 3Q17 to $ million pesos in the 3Q18, mainly due to the reclassification of some items such as "ancillaries" that were previously presented under Other Income, (these revenues do not involve an additional service transferred to the customer, so they are not considered a separate performance obligation and are combined with the flight obligation, forming part of the original fare); and now they are reflected as Revenue by Passengers as of January 1, 2018, given the adoption of the IFRS15 mentioned above. This decrease in other income also reflected the net result obtained through the monetization of 6 aircraft carried out in this quarter (4aircraft in July and 2 aircraft in September) under the Sale & Lease Back scheme. The seats supply (ASK's) increased by 13.0% in the 3Q18 compared to the same period of 2017, mainly due to the opening of longer routes and to an increase of fleet with higher capacity given the expansion of the Company. At the end of 3Q18 the Company operated 85 aircrafts, 22 SSJ100, 50 A320 s (3 NEO s) and 13

6 A321 s (7 NEO s), compared to 76 aircrafts in the 3Q17 (22 SSJ100, 50 A320 s and 4 A321 s). Operating expenses Operating expenses increased 32.5% from $ 5,450.2 million pesos in the 3Q17 to $ 7,222.6 million pesos in the 3Q18. This increase was mainly due to the higher price of the jetfuel, the depreciation of the peso against the dollar and the addition of aircrafts to the Interjet s fleet that caused higher expenses of: airport operating and landing fees, aircraft leases and expenses inherent to the expansion of operations among others by the opening of routes and stations. Likewise, this increase in expenses is reflecting the gradual phase out of operations of the fleet of SSJ100 and the non-recurring expense that was generated by the terminations of employees that were separated from the Company, as a result of both,a reduction in the structure of fixed costs of the Company and a partial reduction in terms of employees directly related to the SSJ100 fleet. The unit cost per ASK in pesos (CASK) in 3Q18 increased 17.3% in relation to 3Q17, mainly due to the pressure in the price of fuel, the depreciation of the peso exchange rate, and the inflation reflected in expenses in unit costs of services. The CASK excluding fuel decreased 8.3%. Fuel expenses on the 3Q18 increased by 60.2% from $ 1,454.9 million pesos in 3Q17 to $ 2,331.1 million pesos in the same period of 2018, mainly due to a) the increase of 49.9% in the weighted average price per liter of fuel paid by the Company, reaching a weighted average price per liter of $ pesos in the 3Q18 compared to $ 8.33 pesos in the 3Q17, and b) for the increase of international operations, particularly routes with higher flying range, going from 6,775 operations in 3Q17 to 8,105 operations in 3Q18. Maintenance expenses increased 14.5% from $ million pesos in 3Q17 to $ million pesos in 3Q18, as a result primarily of the increase in the fleet and greater services to it, in addition to the expenses generated by maintaining fleet on land, because of the gradual phase out of operations of the SSJ100 fleet.

7 The costs of airport operating and landing fees increased 27.0% from $ million pesos in 3Q17 to $ 1,043.5 million pesos in 3Q18 as a result of the increase in the number of operations carried out mainly in the international market and the depreciation of the peso against the dollar. Expenses for wages, salaries and crew benefits increased 26.1%, from $ million pesos in 3Q17 to $ million pesos in 3Q18, mainly due to i) the annual union wage revision, which was affected by a higher inflation rate in the country, ii) to the increase in the number of crews, training expenses and per diem as a result of the additional aircraft that were incorporated during this period and iii) the nonrecurring expense that was generated by the terminations of employees that were separated from the Company, as a result of both, a reduction in the fixed cost structure of the Company and a partial reduction in terms of employees directly related to the SSJ100 fleet. After the reduction in the structure, at the end of 3Q18 the number of employees that make up the crews went from 1,905 in 3Q17 to 1,670 in the same period of Selling and advertising expenses increased 14.1% from $ million pesos in the 3Q17 to $ in the 3Q18, due to the increase in advertising to promote new routes, by higher bank fees due to the increase in sales and an increase in commissions paid to agencies, given the incremental sales associated with these agencies. Technology and administrative expenses increased 4.3% from $ million pesos in the 3Q17 to $ million pesos in the 3Q18 as a result of the growth in the Company's international operations. Aircraft and engine rents increased 59.7% from $ million pesos in the 3Q17 to $ 1,192.4 million pesos in the 3Q18, as a result of the increase in leased fleet, mainly reflecting the Sale & Lease Back (SLB) transactions of 2017 and 2018, as well as the effect of the depreciation of the peso against the dollar. Depreciation expenses decreased 33.3% from $ million pesos in the 3Q17 to $ million pesos in the 3Q18 as a result of the SLB transactions mentioned above.

8 EBITDAR EBITDAR decreased 71.0% from $ 1,431.6 million pesos in the 3Q17 to $ million pesos in the 3Q18. The EBITDAR margin reached 24.5% in the 3Q17 compared to the 6.6% of margin, reached during the same period of Operating Result In 3Q18, the operating result went from an operating profit of $ million pesos in 3Q17 to an operating loss of $ million pesos in 3Q18, with margins of 6.6% and -15.7%, respectively. This was mainly due to the increases in costs and expenses mentioned above. Comprehensive financing cost Comprehensive financing cost decreased 13.5%, from a cost of $ million pesos in 3Q17 to a cost of $ million in 3Q18, as a result of adverse foreign exchange results based on a higher net liability financial position in foreign currency, and to the negative effect of the devaluation of the peso against the dollar, partially offset by, lower interest expenses, due to the prepayment of financial liabilities, as well as, higher interest income received. Net Result INTERJET reflected a net loss of $ million pesos in 3Q18, compared to a net profit of $ million pesos in the same period of Comments to the statement of financial position and liquidity As of 30 of September 2018, the Company had $ million pesos in cash and cash equivalents.

9 The net cash used in operating activities in 3Q18 amounted $ 3,043.3 million pesos. The net cash generated in investment activities of $ 6,632.0 million pesos, mainly reflects the transaction of 6 aircrafts under the SLB scheme. Net cash used in financing activities of $ 3,748.9 million pesos, reflects the amortization of debt for the period, the payment of interest and the capitalization that took place, mentioned below. Capitalization At the end of September 2018, the Shareholders' Meeting agreed to make a capital increase of up to the amount of $ 2, million pesos, of which $ million pesos, were already capitalized. The resources of this capitalization were mainly used to reduce financial creditors. After this capitalization and the "Sale & Lease Back" transaction, the Company's leverage ratio (Debt / Equity) remained at 1.4x at the end of September Investor Relations Contact: Raul Lopez/CFO/+52 (55)

10 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 to airplane seats on average. It is determined by dividing the total RPK's between ASK's. YIELD It means performance indicator of pesos per kilometer. YIELD PER RPK It is determined by dividing passenger revenues by RPK's. RASK Means, (Revenue per Available Seat Kilometer) It is determined by dividing TOTAL REVENUE between ASK's. CASK Means (Cost of Available Seat Kilometer) Unitary average cost is calculated by dividing total operating expenses by ASKs CASK excluding fuel It is determined by dividing total expenses, less fuel consumption expense, by ASK's.

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12 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Condensed Statements of Financial Position As of September 30, 2018 and December 31, 2017 (In thousands of Mexican pesos) September 30, 2018 December 31, 2017 Assets Current assets Cash and cash equivalents $878,470 $1,038,733 Accounts receivable 2,678,025 2,160,947 Recoverable taxes, mainly income taxes and value-added tax 533, ,713 Inventories 202, ,471 Prepaid expenses 496, ,535 Total current assets 4,789,207 4,280,399 Prepaid expenses 1,661,915 1,707,596 Flight equipment, leasehold improvements, furniture and equipment - Net 11,094,814 16,894,337 Prepaid maintenance 8,188,971 7,965,208 Deferred taxes 776,195 39,276 Other assets 185, ,518 Concession 43,797 43,797 Deposits on aircraft leases 1,873,873 1,621,070 Total $28,613,888 $32,737,201 Liabilities and stockholders equity Current liabilities Notes payable to financial institutions $2,487,237 $3,454,324 Provision of maintenance and retirement conditions 945,262 1,533,441 Accounts payable 3,435,747 2,744,977 Other accounts payable and accrued expenses 2,046,184 2,392,204 Payable taxes other than income taxes 1,095, ,248 Air traffic liability 2,577,944 1,867,328 Total current liabilities 12,587,388 12,833,522 Long-term debt 5,577,688 8,796,290 Long-term financial creditors 1,425,686 2,148,455 Employee benefits and other deferred liabilities 14,065 14,065 Provision of maintenance and retirement conditions 2,400,184 1,354,655 Total liabilities 22,005,011 25,146,987 Stockholders equity Capital stock 5,019,093 4,119,093 Contributions for future capital increases 5 5 Cumulative translation adjustments 722, ,194 Remedy of labor obligations Retained earnings 827,432 2,540,516 Controlling interest 6,568,536 7,547,851 Non controlling interest 40,341 42,363 Total stockholders equity 6,608,877 7,590,214 Total $28,613,888 $32,737,201

13 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Profit or Loss For the nine months periods ended September 30, 2018 and 2017 (In thousands of Mexican pesos) For the three months period ended September 30, For the nine months period ended September 30, Operating revenues: Operating revenues $6,100,658 $5,286,257 $16,734,254 $13,900,237 Other 144, , ,133 1,630,774 6,244,779 5,835,138 17,317,387 15,531,011 Operating expenses: Aircraft fuel 2,331,090 1,454,904 6,517,698 4,270,915 Maintenance and return conditions 843, ,464 2,188,834 1,852,441 Other operating expenses - - (733,123) - Airport operating and landing fees 1,043, ,498 2,967,210 2,400,533 Wages, salaries and benefits 587, ,147 1,611,642 1,327,979 Insurance and passenger service 115,807 94, , ,843 Selling 508, ,014 1,486,424 1,230,118 Administrative and other 400, ,613 1,028,464 1,029,074 Flight equipment rentals 1,192, ,457 3,120,889 2,100,106 Depreciation and amortization 200, , , ,814 7,222,603 5,450,242 19,257,737 15,454,823 Operating (loss) profit (977,824) 384,896 (1,940,350) 76,188 Interest income 75,248 16, ,667 39,948 Interest expense (146,278) (253,943) (500,033) (753,255) Exchange (loss) gain Net (36,689) 113,125 (113,435) 426,275 (107,719) (124,582) (509,801) (287,032) Loss before income tax (1,085,543) 260,314 (2,450,151) (210,844) Income tax (gain) expense (105,726) 28,146 (735,045) 40,035 Consolidated net (loss) profit ($979,817) $232,168 ($1,715,106) ($250,879)

14 ABC Aerolíneas, S. A. de C. V. and Subsidiaries Unaudited Consolidated Statements of Changes in Stockholders' Equity For the nine months period and the year ended Septembre 30, 2018 and 2017, respectively (In thousands of Mexican pesos) Capital Stock Contributions for future capital increases Cumulative translation adjustments Other comprehensive income Retained earnings Non controlling interest Total stockholders equity Balance as of January 1, 2017 $900,000 $5 $904,984 $0 $2,796,975 $39,435 $4,641,399 Increase of capital stock 3,067, ,067,448 Comprehensive income: Cumulative translation adjustments of foreign - - (535,225) operations - (loss) - - (535,225) Consolidated net loss for the year (250,236) (643) (250,879) - - (535,225) - (250,236) (643) (786,104) Balance as of September 30, 2017 $3,967,448 $5 $369,759 $0 $2,546,739 $38,792 $6,922,743 Balance as of January 1, 2018 $4,119,093 $5 $889,194 -$957 $2,540,516 $42,363 $7,590,214 Increase of capital stock 900, ,000 Comprehensive income: Cumulative translation adjustments of foreign operations - (loss) - (166,231) (166,231) Consolidated net (loss) income for the period (1,713,084) (2,022) (1,715,106) - - (166,231) - (1,713,084) (2,022) (1,881,337) Balance as of September 30, 2018 $5,019,093 $5 $722,963 ($957) $827,432 $40,341 $6,608,877

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16 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Cash Flows For the nine months period and the year ended September 30, 2018 and 2017, respectively (In thousands Mexican pesos) For the nine months period ended September 30, 2018 For the nine months period ended September 30, 2017 Cash flows from operating activities: Consolidated net loss for the year ($1,715,105) ($250,879) Income tax expense recognized in net result (735,045) 13,306 Depreciation and amortization of non-current assets 712, ,814 Provision for maintenance and retirement conditions 457,349 (193,108) Non-current assets sale gain (155,757) (8,674) Interest expense 500, ,015 Unrealized foreign exchange gain 496, ,783 (Increase) in accounts receivables (517,078) (1,194,702) (Increase) in recoverable taxes, mainly income tax and valueadded tax (108,170) (122,282) Decrease (Increase) in inventories 42,387 (35,804) (Increase) decrease in prepaid expenses (86,210) 128,013 (Increase) in deposits on aircraft leases (252,803) (222,954) Increase (decrease) in accounts payables 690,770 (101,236) (Decrease) increase in other accounts payable and accrued expenses (346,020) 921,245 Increase in payable taxes other than income taxes 251, ,798 Increase in air traffic liability 710,616 11,616 Net cash generated by operating activities (54,368) 1,159,951 Cash flows from investing activities: Flight equipment, adaptations, leasehold improvements, and furniture and equipment 4,589,681 1,585,341 Non-current prepaid assets (19,898) (110,253) Other assets 402 (5,229) Prepaid maintenance (927,156) (290,120) Net cash used in investing activities 3,643,029 1,179,739 Cash flows from financing activities: Loans paid, net (4,148,891) (4,634,868) Stock holders' contribution 900,000 3,067,446 Interest expense paid (500,033) (753,255) Net cash generated by financing activities (3,748,924) (2,320,677) Net decrease in cash and cash equivalents (160,263) 19,013 Cash and cash equivalents at the beginning of the year 1,038,733 1,390,741 Cash and cash equivalents at the end of the year $878,470 $1,409,754

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