FIRST QUARTER RESULTS 2017

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1 FIRST QUARTER RESULTS 2017 KEY RESULTS In the 1Q17 Interjet total revenues added $4,421.5 million pesos that represented an increase of 14.8% over the income generated in the 1Q16. In the 1Q17, operating income loss of $ million pesos, with a negative margin of 10.8%. In 1Q17, EBITDAR decreased $ million pesos compared to the same period of 2016, reaching $ million pesos with a margin of 12.0%, in relation to total revenue. INTERJET recorded a net loss of $ million pesos in 1Q17, compared to a net income of $ million pesos in the same period of Q= First quarter

2 Below is a summary of the selected consolidated and operating information, which is derived from the comparison of Interjet s audited consolidated financial information for the first quarter of 2017 vs

3 Market environment INTERJET operated during the 1Q17 in an environment defined by the following factors: Depreciation of the average exchange rate. The closing exchange rate for the quarter recorded a depreciation of the peso against the US dollar of

4 8.4% compared to the same period of 2016, going from $ pesos per US dollar at 1Q16 to $ pesos per US dollar at 1Q17. Increase in fuel prices in pesos. During the period January-March 2017 the average price of fuel per liter paid by INTERJET increased by 56.3% compared to the same period in 2016, reaching an average price per liter of $ 9.48 compared to $ 6.06 average per liter in 1Q16. Slight economic growth. During the 2017 the Mexican economy showed a slight recovery in the pace of economic growth. The General Indicator of Economic Activity (IGAE) in 2017 grew 0.1% compared to the same period of Growth of passenger traffic in the domestic industry. According to figures published by the DGAC, the passenger market for Mexican airlines increased by 13.0% in the 1Q17 over the previous year. The volume of passengers in the domestic market increased 11.6%, while the international market grew 17.5%. Revenue In the 1Q17 INTERJET total revenue increased 14.8% from $ 3,850.8 million pesos in the 1Q16 to $4,421.5 million pesos in the 1Q17. This increase was mainly due to an increase in passenger revenue.

5 Passenger revenue increased 13.1% from $ 3,563.5 million pesos in the 1Q16 to $4,030.2 million pesos in 1Q17, mainly due to a higher volume of passengers transported, given the airline's international expansion; although the Holly and Easter weeks in 2016 were in 1Q16, and this year, seasonality will be reflected in the second quarter. In addition, this increase was partially offset by the negative impact on the sales caused by the safety precautionary measure requested in the guidance issued by the Russian Aeronautical Authority December 2016, in relation to the line of aircraft SSJET100 worldwide. The seats supply (ASK's) increased by 29.5% in the 1Q17 compared to the same period of 2016, mainly due to the opening of new routes and an increase of operations by the planned expansion of the Company through incorporating new fleet. Other income increased 36.2%, from $ million pesos in the 1Q16 to $ million pesos in the 1Q17, mainly due to higher income as a result of the recent launch of the strategy of charging for ancillaries not included in the basic rate. Operating expenses Operating expenses increased 36.9%, from $3,580.0 million pesos in the 1Q16 to $4,899.3 million pesos in the 1Q17. This increase was mainly due to a 56.3% increase in fuel prices due to an increment in operations because of the incorporation of aircrafts that caused higher expenses of: maintenance, airport operating and landing fees, aircraft rent and expenses Inherent to the expansion of operations, as well as the impact of the devaluation of the peso against the dollar. At the end of 1Q17 the company operated 22 SSJ100, 45 A320's and 3 A321's. The unit cost per ASK in pesos (CASK) increased 5.7% in relation to 1Q16, as a result of higher expenses for additional operations, increase in fuel prices, a larger

6 fleet and international expansion, partially offset by the income generated through the new routes. On the other hand, the CASK excluding fuel decreased 6.8% over the same period of the previous year, as a result of the implementation of the control of expenses program, and a greater supply of ASK's. Fuel expenses on the 1Q17 increased by 99.5% from $735.1 million pesos in 1Q16 to $1,466.4 million pesos in the same period of 2017, mainly due to the increase of 56.3% in the price per liter of fuel paid by the Company reaching an average price per liter of $9.48 in the 1Q17 compared to $6.06 of 1Q16, mainly due to the impact of the devaluation of the peso against the dollar and the increase of operation specially in the international routes. Maintenance expenses increased 12.4% from $415.5 million in 1Q16 to $467.0 million in 1Q17 as a result of higher services to our fleet, the increase of operations for new routes, the increase in our fleet and the impact of the devaluation of the peso against the dollar. The increase was partially offset by the reversal of excess maintenance provisions. The costs for Airport operating and landing fees increased 29.8% from $577.4 million pesos in the 1Q16 to $749.4 million pesos in the 1Q17 as a result of an increase in the number of operations during the 1Q17 mainly in the international market compared to the same period of Likewise, this item was negatively impacted by the effect of the event of the directive issued by the Russian Aeronautical Authority last December, as well as by the impact of the devaluation of the peso against the dollar. Expenses for wages, salaries and crew benefits increased 30.0%, from $317.2 million pesos in 1Q16 to $412.4 million in 1Q17, mainly due to the increase of 28.2% in number of crew employees, going from 1,359 in 1Q16 to 1,742 in the same period of 2017, that included an increase in training and travel expenses, as a result of the additional aircraft that were added in this period.

7 Selling and advertising expenses increased 6.3% from $332.7 million pesos in the 1Q16 to $353.5 million pesos in the 1Q17 as a result of an increase in advertising to promote new routes and of higher bank fees due to the increase in sales. The technology and administrative expenses increased 6.4% to $323.3 million pesos in the 1Q16 to $344.1 million pesos in the 1Q17 as a result of the impact of the devaluation of the peso against the dollar. Aircraft and engine rents increased 32.3% from $515.8 million pesos in the 1Q16 to $682.1 million pesos in the 1Q17 reflecting the effect of the depreciation of the peso against the dollar, considering that the aggregate of our rents is in dollars, and the increase in the leased fleet. Depreciation expenses increased 2.8% from $317.2 million pesos in the 1Q16 to $326.2 million pesos in the 1Q17 as a result of an addition of 2 aircrafts to our fleet. EBITDAR EBITDAR decreased 51.9% from $1,103.8 million pesos in the 1Q16 to $530.6 million pesos in the 1Q17. The EBITDAR margin reached 12.0% in the 1Q17 compared to the 28.7% regarding the same period of Operating Income In 1Q17, operating income went from a profit of $270.9 million pesos in 1Q16 to a loss of $477.7 million pesos in 1Q17. This was mainly due to the increase in the Company's revenues, which was exceeded due to the increase in operating expenses, mainly due to the increase in the cost of fuel mentioned above. Comprehensive financing cost

8 Comprehensive financing cost increased 73.7%, from a cost of $66.0 million pesos in 1Q16 to a cost of $114.7 million in 1Q17, as a result of higher interest paid due to the increase of dollar bank debts for the acquisition of flight equipment, partially offset by favorable foreign exchange effects due to the depreciation of the peso against the US dollar. Net Income INTERJET reflected a net loss of $596.6 million pesos in 1Q17, compared to a net profit of $203.9 million pesos regarding the same period of Comments to the statement of financial position and liquidity As of March , the Company had $1,368.1 million pesos in cash and cash equivalents. The net cash generated by operating activities in 1Q17 amounted $1,024.9 million pesos. Net cash used in investing activities mainly reflects payments for maintenance and aircraft investments in accordance with the Company's business plan. The net cash used in financing activities reflects higher bank loans for the acquisition of aircraft and for working capital. Relevant Event As of January 6, 2017, the Shareholders' Meeting approved a capital increase in the amount of $4, million pesos, which will be subscribed during the first

9 semester of Giving effect to this subscription in stockholders' equity as of March 31 of 2017, the amount of stockholders' equity after the aforementioned subscription will be $8,084.6 million pesos. The sources of this subscription will be mainly applied to the reduction of financial borrowings. Below is a Proforma summarized balance sheet, giving effect to this capital contribution: Unaudited Summarized Condensed Consolidated Interim Statements of Financial Position as of March , giving effect to the increase in capital described above would be as follows: 1Q17 CAPITALIZATION 1Q17 PROFORMA CURRENT ASSETS 4,529,950 4,529,950 LONG TERM ASSETS 29,289,116 29,289,116 TOTAL ASSETS 33,819,066 33,819,066 CURRENT LIABILITIES LONG-TERM LIABILITIES TOTAL LIABILITIES STOCKHOLDER'S EQUITY 14,702,253-4,000,000 10,702,253 15,032,167 15,032,167 29,734,420 25,734,420 4,084,646 4,000,000 8,084,646 33,819,066 33,819,066 Investor Relations Contact: Raul Lopez/CFO/+52 (55)

10 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Financial Position As of March 31, 2017 and December 31, 2016 (In thousands of Mexican pesos) March 31, 2017 December 31, 2016 (Audited) Assets Current assets: Cash and cash equivalents $ 1,368,133 $ 1,390,741 Accounts receivable 2,023,534 1,057,816 Recoverable taxes, mainly income tax and value-added tax 418, ,954 Inventories 165, ,248 Prepaid expenses 553, ,231 Total current assets 4,529,950 3,386,990 Advance payments to purchase flight equipment 1,559,762 1,636,087 Flight equipment, leasehold improvements, and furniture and equipment - Net 19,957,996 21,545,951 Prepaid maintenance 6,373,092 6,967,318 Deferred tax assets 38,110 57,930 Other assets - Net 185, ,425 Concession 43,797 43,797 Deposits on aircraft leases 1,130,434 1,220,649 Total $33,819,066 $35,039,147 Liabilities and stockholders equity Current liabilities: Notes payable to financial institutions $ 7,142,788 $ 6,912,395 Provision of maintenance and retirement conditions 774, ,747 Accounts payable 2,934,005 3,339,696 Other accounts payable and accrued expenses 1,656, ,420 Payable taxes other than income taxes 504, ,703 Air traffic liability 1,689,910 1,277,572 Total current liabilities 14,702,253 13,534,533 Notes payable to financial institutions 10,709,566 12,083,702 Long-term debt 1,716,965 1,896,501 Employee benefits and other deferred liabilities 11,423 11,423 Provision of maintenance and retirement conditions 2,594,213 2,871,588 Total liabilities 29,734,420 30,397,747 Stockholders equity: Capital stock 900, ,000 Contributions for future capital increases 5 5 Translation effects of foreign operation 944, ,984 Retained earnings 2,197,261 2,796,975 Controlling interest 4,042,142 4,601,965 Noncontrolling interest 42,504 39,435 Total stockholders equity 4,084,646 4,641,400 Total $33,819,066 $35,039,147

11 ABC Aerolineas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Profit or Loss For the three months ended March 31, 2017 and 2016 (In thousands of Mexican pesos) Three months ended March Operating revenues: Passengers 4,030,222 3,563,462 Other 391, ,374 4,421,517 3,850,836 Operating expenses: Aircraft fuel 1,466, ,113 Maintenance and return conditions 466, ,530 Airport operating and landing fees 749, ,361 Wages, salaries and benefits 412, ,172 Insurance and passenger service 98,085 45,781 Selling 353, ,741 Administrative and other 344, ,316 Flight equipment rentals 682, ,773 Depreciation and amortization 326, ,167 4,899,254 3,579,954 Gross Profit (477,737) 270,882 Comprehensive financing cost: Interest income 10,817 8,220 Interest expense (268,576) (195,554) Exchange gain-net 143, ,305 (114,678) (66,029) Profit before income taxes (592,415) 204,853 Income taxes expense 4, Consolidated net profit (596,646) 203,907

12 ABC Aerolineas, S.A. de C.V. and Subsidiaries Consolidated Statements of Changes in Stockholders' Equity For the years ended December 31, 2016 and March 31,2017 (In thousands of Mexican pesos) Capital Stock Contributions for future capital increases Cumulative translation adjustments Retained earnings Non controlling interests Total Balances as of December 31, 2014 $900,000 $5 $101,012 $2,127,472 $20,021 $3,148,510 Comprehensive Income: Cumulative translation adjustments of foreign operations , ,207 Consolidated Net income for the year ,976 10, , $174,207 $400,976 $10,917 $586,100 Balances as of December 31, 2015 $900,000 $5 $275,219 $2,528,448 $30,938 $3,734,610 Comprehensive Income: Cumulative translation adjustments of foreign operations - - $629, $629,765 Consolidated Net income for the year ,528 8, , , ,528 8, ,790 Balances as of December 31, 2016 $900,000 $5 $904,984 $2,796,976 $39,435 $4,641,400 Comprehensive Income: Cumulative translation adjustments of foreign operations , ,892 Consolidated Net income for the year (599,715) 3,069 (596,646) ,892 (599,715) 3,069 (556,754) Balances as of March 31, 2017 $900,000 $5 $944,876 $2,197,261 $42,504 $4,084,646

13 ABC Aerolíneas, S.A. de C.V. and Subsidiaries Unaudited Consolidated Statements of Cash Flows For the three months ended March 31, 2017 and 2016 (In thousands of Mexican pesos) March 31, 2017 March 31, 2016 Cash flows from operating activities: Net profit for the year (596,646) 203,904 Adjustments for: Income tax expense recognized in net income 19,820 (32) Depreciation and amortization for non-current assets 326, ,167 Provision of maintenance and retirement conditions (360,227) (38,848) Interest expense 268, ,554 Unrealized foreign exchange gain 1,422,398 15,644 Movements in working capital: (Increase) decrease in accounts receivables (965,718) (533,487) (Increase) decrease recoverable taxes, mainly income tax and value-added tax (151,029) 8,761 (Increase) decrease in inventories (6,228) 52,543 (Increase ) decrease in prepaid expenses (42,593) (231,812) (Increase ) decrease in deposits on aircraft leases 90,215 (50,159) Increase (decrease) in accounts payables (405,691) 10,995 Increase (decrease) in other accounts payable and accrued expenses 749, ,732 Increase (decrease) in income taxes paid 264,334 14,735 Increase (decrease) in air traffic liability 412, ,508 Increase (decrease) in employee benefits (2,797) Net cash generated by operating activities 1,024, ,408 Cash flows from Investing activities: Flight equipment, adapatations, leasehold improvements, and furniture and equipment (120,736) (423,000) Advance payments to purchase aircraft 76,325 (16,100) Other assets (5,500) (7,800) Prepaid maintenance 594,226 (124,700) Net cash used in investing activities 544,315 (571,600) Cash flows from financing activities: Loans received (1,323,279) (18,029) Interest paid (268,576) (195,554) Net cash generated by financing activities (1,591,855) (213,583) Effects from exchange rate changes 0 0 Net decrease in cash and cash equivalents (22,608) (401,823) Cash and cash equivalents at the beginning of the year 1,390,741 2,020,209 Cash and cash equivalents at end of the year 1,368,133 1,618,386

14 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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