THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS

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1 THIRD QUARTER AND NINE MONTHS OF 2014 KEY RESULTS In 3Q14 INTERJET total revenues were $ 3,643.4 million, representing an increase of 9.9% on revenues generated in the 3Q13. Accumulated 9M14 INTERJET total revenues were $ 9,693.6 million, representing an increase of 11.1% over revenues in 9M13. The Yield increased 4.5% in the 3Q14, reaching $ 1.38 pesos as compared to $ 1.32 pesos in the same period of The Yield increased 7.5% in 9M14, reaching $ 1.41 pesos, compared to $ 1.31 pesos in the same period of In the 3Q14 operating income decreased 29.4% from a profit of $ million pesos in 3Q13 to a profit of $ million pesos during the same period of Accrued 9M14 operating profit fell 57.3% from a profit of $ million pesos in 9M13 to a profit of $ million pesos in 9M14. In 3Q14 the EBITDAR decreased 4.7% compared to the same period in 2013, reaching $ million pesos with a margin of 20.4% of total revenues. Accumulated 9M14 the EBITDAR decreased 7.5% compared to the same period in 2013, reaching $ 1,871.7 million, with a margin of 19.3% of total revenue. INTERJET reported net income of $ 15.3 million pesos in the 3Q14 and accumulated a net loss of $ 46.1 million pesos in 9M14 Q3 = Third Quarter and 9M = Nine Months

2 Below is a summary of financial and operating information selected consolidated, and which stems from comparing internal unaudited consolidated financial statements of INTERJET the Third Quarter and Nine Months of 2014 and SELECTED FINANCIAL AND OPERATING INFORMATION THIRD QUARTER ITEM % OF VAR ASK (million) 2,970 2, % RPK (millon) 2,266 2,339 (3.1%) LOAD FACTOR 76.3% 79.3% -3.0 pp PASSENGERS (thousand) 2,279 2,291 (0.5%) TOTAL REVENUE (million) 3,643 3, % REVENUE PAX (million) 3,122 3, % YIELD (pesos) % RASK (pesos) % CASK (pesos) % CASK (USD) % CASK EXCLUDING FUEL (pesos) % CASK EXCLUDING FUEL (USD) % RASK - CASK (pesos) (29.9%) RASK - CASK (excluding fuel) (pesos) (3.1%) EBITDAR (million) (4.7%) EBITDAR MARGIN (as % of total revenues) 20.4% 23.5% -3.1 pp OPERATING INCOME (million) (29.4%) OPERATING MARGIN ( as % of total revenues) 5.7% 8.9% -3.2 pp NET INCOME (million) (91.6%) NET MARGIN (as % of total revenues) 0.4% 5.5% -5.0 pp

3 SELECTED FINANCIAL AND OPERATING INFORMATION NINE MONTHS ITEM % OF VAR ASK (million) 8,694 8, % RPK (millon) 6,241 6, % LOAD FACTOR 71.8% 75.1% -3.3 pp PASSENGERS (thousand) 6,336 6, % TOTAL REVENUE (million) 9,694 8, % REVENUE PAX (million) 8,816 8, % YIELD (pesos) % RASK (pesos) % CASK (pesos) % CASK (USD) % CASK EXCLUDING FUEL (pesos) % CASK EXCLUDING FUEL (USD) % RASK - CASK (pesos) (59.4%) RASK - CASK (excluding fuel) (pesos) (6.3%) EBITDAR (million) 1,872 2,024 (7.5%) EBITDAR MARGIN (as % of total revenues) 19.3% 23.2% -3.9 pp OPERATING INCOME (million) (57.3%) OPERATING MARGIN ( as % of total revenues) 3.1% 8.0% -5.0 pp NET INCOME (million) (46) 326 (114.1%) NET MARGIN (as % of total revenues) (0.5%) 3.7% -4.2 pp

4 Market environment INTERJET operated during the 3Q14 in an environment that is characterized by the following factors: Slight growth. During 3Q14 the Mexican economy showed a slight recovery in the rate of economic growth. The General Indicator of Economic Activity (IGAE) rose 2.5% in July 2014 compared to the same month of Growth in passenger traffic in the domestic industry. According to figures released by the DGAC was observed acceleration in the growth of passenger traffic, which rose from 9.4% in the first eight months of 2013 to 9.5% in the same period of 2014 as a result of 16.4% growth in passenger traffic in the domestic market and 8.0% on international flights. Depreciation on the average exchange rate. During 3Q14, the peso depreciated 1.8% against the US dollar, while passing an average rate of $ pesos per dollar in the 3Q13 to an average of $ pesos per dollar in the 3Q14. Meanwhile, the exchange rate closed the quarter with a depreciation against the dollar of 3.77% compared to the end of 3Q14, from $ pesos per dollar at the end of the 2Q14 to $ pesos per dollar at the end of 3Q14. Fuel prices increased in pesos. During the period July to September 2014, the average fuel price per liter paid by INTERJET showed a slight decrease of 1.9% compared to same period of 2013, reaching an average price per liter of $ compared to $ at 3Q13. Hurricane Odile. In September 2014, the hurricane forced Interjet to cancel 68 flights to San Jose del Cabo and La Paz, which represented 0.97% of the capacity of the month. INTERJET transported 5,100 passengers on 66 flights in humanitarian aid. Additionally Interjet transported 50 tons of supplies for victims.

5 Income During 3Q14 INTERJET total revenue increased 9.9% from $ 3,315.4 million pesos in the 3Q13 to $ 3,643.4 million pesos in the 3Q14. This increase was primarily due to a 201.8% increase in other income compared to the same period in 2013, representing 9.8% of total revenue. Passenger revenues increased 1.2% from $ 3,084.9 million pesos in the 3Q13 to $ 3,122.3 million pesos in the 3Q14 mainly due to 21.5% increase in average international rates and 11.4% in average domestic fares. As a result of increased rates Yield increased 4.5% in the 3Q14 compared to the same period in 2013, the company is constantly reviewing rates and itineraries to maximize revenue; these increases were partially offset by the decrease in ASK s by closing the routes Mexico - Santana (CAL) and Guadalajara - Santana (CAL). Other income increased 201.8%, from $ million pesos in the 3Q14 to $ million pesos in the 3Q14 primarily due to increased revenue from maintenance services to third parties. Operating Expenses Operating expenses increased 13.7%, from $ 3,021.3 million pesos in the 3Q13 to $ 3,435.7 million pesos in the 3Q14. This increase was mainly due to growth in operations by incorporating SSJ100 regional aircraft that originated higher jet fuel costs and maintenance, as well as higher costs for hiring crews and personnel training and higher advertising expenses to promote routes. At the end of 3Q14 the company operated 9 SSJ100 and 39 A320's. Unit cost per ASK in pesos (CASK) recorded an increase of 12.9% compared to 3Q13. As a result of increased maintenance costs due to growth in the number of operations and aircraft; higher expenses for hired and trained crews; higher advertising expenses for the launch of new routes. Meanwhile, CASK excluding fuel increased 18.0% over the same period last year.

6 Fuel costs in the 3Q14 rose 4.8% mainly due to the increase in fuel consumption as a result of increased operations of approximately 15.9% from 19,432 operations in 3Q13 to 22,524 operations in the same period of 2014, partially offset by a decrease of 1.9% of the price per liter of fuel paid by the company. The cost ASK's increased 4.1% compared to the same period in Maintenance expenses increased 34.4%, from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 as a result of an increase in services to our fleet for major operations and the recognition results maintenance reserves and return conditions for the return of two aircraft by termination of the lease term, as a result the cost per ASK's increase 33.5% compared to the same period in The costs for Airport operating and landing fees increased 9.0% from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 as a result of a 15.9% increase in the number of operations during the 3Q14 compared to the same period in The cost per ASK's increased 8.2% compared to the same period in Expenses for wages, salaries and benefits for crews increased 28.8%, from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 mainly due to a 10.1% increase in the number of employees that integrate the crews from 967 in the 3Q13 to 1,065 in the same period of 2014, which included training expenses and per diem as a result of additional aircraft were acquired, representing a 700% growth in operating fleet SSJ100 going from 1 to 8 aircraft. The cost per ASK's increased 27.9% compared to the same period in Selling and advertising expenses increased 26.0% from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 as a result of an increase in advertising to promote new routes and higher bank fees for payments the increase in sales. The cost per ASK's 25.1% increase compared to the same period in Administrative and other expenses increased 15.3%, from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 as a result of an increase in

7 administrative staff and increase spending on technology to support the operation and sales. The cost per ASK's increased 14.5% compared to the same period in Depreciation expenses increased 55.4%, from $ million pesos in the 3Q13 to $ million pesos in the 3Q14 as a result of additional fleet by purchasing SSJ100 regional jet aircraft coming 9 aircraft at the end of September 3Q14, compared with 2 aircraft at the end of 3Q13. The cost per ASK's increased 54.3% compared to the same period in EBITDAR The EBITDAR decreased 4.7% from $ million pesos in the 3Q13 to $ million pesos in 3Q14. The EBITDAR margin was 20.4% in 3Q14, 3.1 percentage points lower than the same period of Operating income Operating income decreased 29.4% from $ million pesos in the 3Q13 to $ million pesos in 3Q14. This was mainly due to the 3Q14 operating expenses increased $ million pesos and revenue $ million pesos in comparison to the same period in 2013, for the reasons mentioned above. Net income INTERJET reported net income of $ 15.3 million pesos in the 3Q14 compared to net income of $ million pesos generated in 3Q13. NINE MONTHS OF 2014

8 Income Accumulated 9M14 INTERJET total revenues increased 11.1% from $ 8,724.5 million pesos in 9M13 to $ 9,693.6 million pesos in 9M14. This increase was due to an 8.1% increase in passenger revenues compared to the same period in 2013, representing 90.9% of total revenue. Accumulated 9M14 offering seats (ASK's) increased by 5.2% compared to the same period in 2013, primarily by opening new routes and increased operations by the planned expansion of the company by incorporating new fleet, partially offset by the closure of international routes such as Guadalajara-Santana, Cal. and Mexico to Santana, Cal. Passenger revenues rose 8.1% to $ 8,153.1 million pesos in 9M13 to $ 8,816.0 million pesos in 9M14 due to the increase of 23.1% in average international rates and 8.5% in average domestic fares. As a result of an increment in domestic rates, Yield increased 7.5% in the 3Q14 compared to the same period in 2013; the company is constantly reviewing rates and itineraries to maximize revenue. Other income increased 82.2%, from $ million pesos in the 3Q14 to $ million pesos in the 3Q14 primarily due to an increase in revenue from maintenance services to third parties. Operating Expenses Operating expenses increased 17.1%, from $ 8,023.3 million pesos in 9M13 to $ 9,394.3 million pesos in 9M14. This increase was mainly due to growth in operations by opening new routes and the addition of regional jets that originated SSJ100 higher cost of jet fuel, crew recruitment and training of personnel, advertising and promotion and aircraft rentals. At the end of 3Q14, the company operated 9 SSJ100 and 39 A320's. During 9M14 the unit cost in dollars per ASK (CASK) increased 11.3% compared to the same period in As a result of the increase of 1.2% from the average

9 price per liter of fuel in pesos, paid by the company; higher expenses for hired and trained crews; higher advertising expenses for the launch of new routes and higher rental expenses for additional aircraft leased fleet. Meanwhile, CASK excluding fuel increased 14.4% over the same period last year. Fuel costs in 9M14 increased by 11.6% mainly due to the increase in fuel consumption as a result of increased operations of approximately 16.2% from 55,062 to 63,971 operations in 9M13 operations in the same period of It also contributed to the increase of 1.2% of the average price per liter of fuel paid by the company as a result, the cost per ASK's increased 6.1% compared to the same period in The costs of Airport operating and landing fees increased 17.8%, from $ million pesos in 9M13 to $ 1,154.1 million pesos in 9M14 as a result of an increase in the number of operations approximately 16.2% over the same period of The cost per ASK's increased 12.0% compared to the same period of Expenses for wages, salaries and benefits for crews increased 46.3%, from $ million pesos in 9M13 to $ million pesos in 9M14, mainly due to a 10.1% increase in the average number of employees that integrated the crews, passing from 967 in 9M13 to 1,065 in the same period of 2014, which included training expenses and per diem as a result of additional aircraft that were leased and / or purchased, representing growth of 19.5% in operating fleet from 41 to 48 aircraft. The cost per ASK's increased 39.1% compared to the same period in Selling and advertising expenses increased 31.8%, from $ million pesos in 9M13 to $ million pesos in 9M14 as a result of an increase in advertising to promote new routes and higher bank fees for payments due to an increase in sales. The cost per ASK's increased 25.3% compared to the same period in Administrative and other expenses increased 23.6%, from $ million pesos in 9M13 to $ pesos in 9M14 as a result of an increase in administrative staff and increase spending on technology to support operations and sales. The cost

10 per ASK's increased 17.5% compared to the same period in Rental expense increased 17.9%, from $ 1,009.2 million pesos in 9M13 to $ 1,189.3 million pesos in 9M14 as a result of an increase in the leased fleet. The cost per ASK's increased 12.0% compared to the same period in EBITDAR The EBITDAR decreased 7.5% from $ 2,023.5 million pesos in 9M13 to $ 1,871.7 million pesos in 9M14. The EBITDAR margin was 19.3% in 9M14, 3.9 percentage points lower than the same period of Operating income Operating income decreased 57.3% from $ million pesos in 9M13 to $ million pesos in 9M14. This was primarily due to operating expenses in 9M14 increased $ 1,371.1 million pesos and the revenues increased $ million pesos compared to the same period in 2013, due to the reasons mentioned above. Net Income INTERJET posted a net loss of $ 46.1 million pesos in 9M14 compared to net income of $ million pesos generated in 9M13.

11 Comments on the statement of financial position and liquidity At September 30, 2014 the company had $ 2,226.8 million pesos in cash and cash equivalents. Net cash provided by operating activities in the 3Q14 reached $ 802 million pesos. Net cash provided by investing activities primarily reflects investments in aircraft and maintenance reserve payments. Net cash used in financing activities reflects higher bank loans for the purchase of aircraft and working capital. Contact Investor Relations: Alejandro Beristain/CFO/

12 ABC Aerolineas, S.A. de C.V. and Subsidiaries. Internal Consolidated statements of Profit september 30, 2014 Internal three months ended september 30 Internal nine months ended september (In million of mexican pesos) Operating revenues: Passengers 3, , , ,153.1 Ancillary revenues Cargo Other , , , ,724.5 Operating expenses: Aircraft fuel 1, , , ,991.9 Maintenance , ,067.4 Airport operating and landing fees , Wages, salaries and benefits Insurance and passenger service Selling Administrative and other Aircraft and engine rentals , ,009.2 Depreciation and amortization , , , ,023.3 Income (loss) income from operations Comprehensive financing cost: Interest income Interest expense (121.8) (79.1) (305.3) (234.7) Exchange gain Net (76.9) (16.0) (54.5) (34.3) (191.8) (88.5) (343.4) (247.9) Income (loss) before income taxes (44.2) Equity in income of associated company Income taxes (0.6) (24.7) (1.9) (127.4) Net income (loss) (46.1) 325.9

13 ABC Aerolíneas, S.A. de C.V. and Subsidiaries. Internal Consolidated Statements of Financial Position september 30, 2014 and Audited Internal Information for the period ended at Audited Information for the period ended at September 30, 2014 December 31, 2013 (In million of mexican pesos) Assets Current assets: Cash and cash equivalents 2, ,622.5 Accounts receivable 1, Due from related parties Recoverable taxes, mainly business flat tax and value-added tax Inventories Prepaid expenses 1, Total current assets 5, ,871.9 Advance payments to purchase flight equipment ,192.8 Flight equipment, leasehold improvements, and furniture and equipment - Net 10, ,688.3 Rotable parts Amortizable maintenance and repair costs - Net Prepaid maintenance 2, ,355.7 Other assets - Net Concession Deposits on aircraft leases Total ASSETS 20, ,755.6 Liabilities and stockholders equity Current liabilities: Notes payable to financial institutions and current portion of long-term debt 6, ,204.2 Accounts payable 1, Other accounts payable and accrued expenses Payable taxes other than income taxes Due to related parties Air traffic liability Total current liabilities 9, ,767.8 Long-term debt 6, ,253.5 Employee benefits and other deferred liabilities Provision for maintenance and return conditions 1, ,444.2 Total liabilities 17, ,585.9 Stockholders equity: Capital stock Contributions for future capital increases Effect due to transfer of net assets among entities under common control (16.8) 0.0 Translation effects of foreign operation Retained earnings 2, ,235.3 Controlling interest 3, ,147.4 Non-controlling interest Total stockholders equity 3, ,169.7 Total 20, ,755.6

14 ABC Aerolíneas, S.A. de C.V. and Subsidiaries. Internal Consolidated Statements of Cash Flows september 30, 2013 and Internal Information for the period ended at Internal Information for the period ended at September 30, 2014 September 30, 2013 (In million of mexican pesos) Operating activities: Net income (loss) (46.1) Depreciation and amortization (171.8) Provision for maintenance and retirement conditions Accounts receivable (782.4) (275.5) Due from related parties (0.3) (248.6) Recoverable taxes, mainly business flat tax and valueadded tax Inventories and prepaid expenses (1,365.0) (1,047.6) Accounts payable 1, ,363.7 Other accounts payable and accrued expenses Due to related parties Air traffic liability Employee benefits and other deferred liabilities Net cash provided by (used in) operating activities ,639.3 Investing activities: Flight equipment, leasehold improvements, and furniture and equipment (2,005.4) (1,126.3) Amortizable maintenance and repair costs (153.7) (200.5) Prepaid maintenance and other (806.9) (269.0) Deposits on aircraft leases 30.5 (119.9) Net cash used in investing activities (2,935.6) (1,715.8) Financing activities: Net Financing 1, Contributions for future capital increases Net cash (used in) provided by financing activities 1, Effects from exchange rates (37.3) 49.7 Net increase in cash and cash equivalents (395.7) Cash and cash equivalents at beginning of period 2, ,484.0 Cash and cash equivalents at end of period 2, ,616.5

15 Glossary ASK or Available seat kilometers represents the total number of seats an airline carrier has multiplied by the number of kilometers the available seats are flown, calculated by dividing total aircraft kilometers flown by the total number of aircraft departures. Load factor represents the percentage of aircraft seating capacity that is actually utilized, calculated by dividing RPK by available seat kilometers CASK or Cost of Available Seat per kilometer is a unit cost that is calculated by dividing operating expenses by available seat kilometers. CASK EX FUEL or Cost of Available Seat per kilometer excluding fuel is a unit cost that is calculated by dividing operating expenses minus fuel expenses by available seat kilometers. RASK or Passenger revenue per ASK is calculated by dividing passenger revenue by ASK. RPK or Revenue passenger kilometers represents the numbers of kilometers flown by revenue passengers. Yield per passenger kilometer is a measure of the average fare paid per passenger per kilometer and represents the average amount one passenger pays to fly one kilometer and calculated by dividing total passenger revenue by total RPK.

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