Total Pax Processed – Record! 2,296,571

Dep. Pax 1,102,747 +7.1%

Dep. Pax US/CAN 646,474 +3.6%

Tot. Seat Capacity 1,628,711 +5.2%

Seat Capacity USA 769,107 +2.0%

LF USA 84%

LF CANADA 89%

AAA Traffic Results 2013

5% -5% 1%

26%

-14%

Growth per Segment (RGP) YTD Sept 2014 vs. YTD Sept 2013

Revenue Generating PAX (Excl. Private Flights)

935,763 986,694 1,029,738

1,102,747

873,633

2010 2011 2012 2013 YTD Sept 2014

AAA Traffic Results YTD Sept 2014

+ 7.1%

+ 7.1%

57%

3% 6%

26%

9%

USA Canada Europe LatAm Dutch Carib.

5% -5% 1%

26%

-14%

Passengers per Segment YTD Sept 2014

Growth per Segment (YTD Sept 2014 vs. YTD Sept 2013)

Traffic Figures – Departing Passengers

Traffic Movements YTD Aug 2014

1,984,173 2,087,170

2,120,578 2,296,571

1,602,524

Total Processed Passengers

2010 2011 2012 2013 YTD AUG 2014

+ 6.0%

38,404 38,888 41,530

43,927

27,922

Aircraft Movements

2010 2011 2012 2013 YTD AUG 2014

-0.9%

Traffic Comparison 2014 – Total Processed Pax YTD July Aruba +5.3%

Load factors (outbound) per region year 2011- YTD Sept 2014

83% 83% 84% 85% 84% 84%

89% 93%

63% 62%

72% 70% 73%

82% 90%

94%

72% 73% 78% 79%

2011 2012 2013 YTD Sept 2014

USA

CANADA

LATAM

EU

ALL

Source: AAA,2014

Percentage per carrier (PAX)

8%

12%

8%

10% 10%

2%

11%

6%

3% 4% 3%

1%

0%

2%

4%

6%

8%

10%

12%

14%

AA B6 US UA DL Tiara Insel WN KL AV CM VNE

(PAX) % changes 2014 vs. 2013

3%

-1% -2%

10% 13%

-72%

57%

1% 10%

3%

26%

-54%

MARKET SHARE AIRLINE PARTNERS YTD Sept 2014

Network overview

Connecting the World to Aruba -US market Miami, Atlanta, Charlotte -Europe Amsterdam -South America Bogota, Caracas ,Panama City and Miami -Central America Panama City, Miami -Caribbean Miami

CONSTANT IMPROVEMENTS

Rehabilitation of the runway

New terminal remote hold room gate B

Replace runway edge lights with LED system

Expansion project South Side (General Aviation)

Revamp NON US Departures Plaza

Rehabilitation aircraft stand 1 & 2

SECURITY

US-Preclearance Facility

US Customs and Border Protection

GE Process (Global online enrollment System)

APC kiosk process

Investment over the next 10 years $300 million

East Apron Extension Project

Airport Enhancement Tensile Sail Structure- Surfing the waves

TOURISM

Stay-Over Visitors YTD Sept 2014

0

200,000

400,000

600,000

800,000

1,000,000

2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014

728,157

732,514 694,372

771,304

826,774

812,666 824,330

871,316

906,099 979,256

772,380

Stay-over passengers

Cruise PassengersSource: ATA, 2014

Stay-Over Visitors by Carrier YTD Sept 2014

Source: ATA, 2014

Carrier 2008 2009 2010 2011 2012 2013 SEPT 2014

Jetblue 90,232 106,664 116,635 126,165 133,119 137,786 102,092

United 38,956 22,955 23,770 22,116 94,819 103,482 89,630

US Airways 110,516 114,605 102,549 94,414 91,574 88,469 67,623

Delta 60,743 82,877 76,336 70,452 67,119 101,110 81,972

American Airlines 160,755 123,852 120,106 105,345 86,530 75,909 58,533

AirTran/ Southwest - - 9,993 28,318 51,569 59,774 42,992

Tiara 22,984 21,232 25,841 32,507 38,769 54,980 12,698

Insel 11,527 11,657 20,123 35,573 38,877 44,689 49,707

Avianca 26,859 21,417 23,105 27,319 26,535 30,816 20,831

Copa Airlines 277 10,833 10,665 14,158 22,756 28,891 25,140

KLM 29,522 5,097 6,531 11,940 26,218 23,792 19,639

Aserca 29,067 15,728 14,436 16,981 24,174 35,074 28,883

Venezolana - 44,051 31,814 36,092 23,525 18,496 6,609

Arke 12,131 14,946 13,962 16,338 16,188 14,884 9,920

Air Canada - - 5,224 7,009 7,235 7,258 6,030

Spirit - 5,159 4,743 6,031 4,925 5,902 4,994

SLM 2,730 4,682 5,241 5,934 5,303 6,043 4,589

Sunwing - - - - 13,040 15,197 10,874

Others 230,475 206,911 213,256 214,624 130,826 126,704 129,624

Total Visitors 826,774 812,666 824,330 871,316 903,934 979,256 772,380

Age Groups of Visitors

Source: ATA, 2014

Age Groups 2011 2012 2013 YTD SEPT

2014

< 20 years 14.8 14.96 14.99 15.53

20-29 years 13.6 13.48 13.53 13.43

30-39 years 17.1 17.21 17.77 17.58

40-49 years 18.5 18.20 17.64 17.69

50-59 years 18.6 18.53 18.27 18.26

60-69 years 12.6 12.69 12.67 12.41

>70 years 4.7 4.91 5.09 5.06

Unknown 0.0 0.02 0.03 0.03

Total 100% 100% 100% 100%

Destination Capacity Forecast 2011-2015

Source: ATA, 2014

0

2000

4000

6000

8000

10000

12000

14000

2011 2012 2013 2014 2015

Hotel

Timeshare

Condos

Total Rooms

RITZ CARLTON •Project opened end of 2013 HARD ROCK HOTEL •310- room Hotel and Casino

Hotel Occupancy Rates 2014

Source: AHATA, 2014

0

10

20

30

40

50

60

70

80

90

100

Jan Feb Mar Apr May June July Aug Sep Oct Nov Dec

2009 2010 2011 2012 2013 2014

Average rates 2009 72.0% 2010 74.4% 2011 75.7% 2012 77.8% 2013 75.7% YTD Sept 2014 79.8%

Destination Stay-Over Visitors YTD Sept 2014

Source: ATA, 2014

56% 29%

8% 4% 3% USA

LATIN AMERICA

EUROPE

CANADA

CARIBBEAN 2%

28%

6%

-6% -8%

USA

LATINAMERICA

EUROPE

CANADA

CARIBBEAN

DMA* United States YTD Sept 2014

Source: ATA, 2014 * DMA: Designated Market Area

53%

10%

15%

13%

8% North East

Mid Atlantic

South East

Mid West

West-1%

1%

9%

4%

7%

North East

Mid Atlantic

South East

Mid West

West

Destination Background: Stay-Over Visitors Latin America

Source: ATA, 2014

Latin

America

Argentina Chile Ecuador Brazil Colombia Peru Venezuela

2009 148,825

(-2%)

5,486 1,345 1,186 10,594 15,685 1,092 104,706

2010 146,113

(-2%)

6,365 1,842 2,537 20,237 15,037 1,375 90,363

2011 185,054

(+27%)

10,326 2,432 3,579 22,428 17,022 1,405 117,838

2012 212,353

(+14%)

12,877 3,163 1,699 21,070 18,373 1,020 143,201

2013 266,990

(+26%)

15,574 5,505

1,272

23,293

19,485

1,213

188,020

YTD

SEPT

2014

223,616

(+28.17%)

10,115

(-18.23%)

6,562

(+47.9%)

1,065

(+22.98%)

18,098

(+8.78%)

16,885

(+28.84%)

899

(-4.97%)

157,458

(+34.75%)

Top 10 L-A Feeders

Source: AAA/DIIO, 2014

PAX (One way) Agency / Direct Booking % Distribution thru major hubs

1 EZE: 4,696 45% / 55% BOG 50% 2,336

Buenos Aires, AR PTY 32% 1,499

MIA 9% 431

2 SCL: 3,787 45% / 55% BOG 58% 2,192

Santiago, CL PTY 41% 1,556

MIA 1% 23

3 MDE 2,035 25% / 75% BOG 49% 1,000

Medellin, CO PTY 35% 703

CUR 16% 318

4 BRM 1,486 25% / 75% CUR 83% 1,227

Barquisimeto, VE CCS 17% 259

5 CLO 1,485 31% / 69% BOG 73% 1,086

Cali, CO PTY 24% 359

6 GIG 1,448 49% / 51% PTY 48% 701

Rio De Janeiro, BR BOG 46% 670

MIA 2% 31

LIM 1,213 50% / 50% PTY 55% 670

7 Lima, PE BOG 40% 482

MIA 1% 18

BSB 1,073 49% / 51% PTY 97% 1,041

8 Brasilia, BR

COR 996 26% / 74% PTY 100% 994

9 Cordoba, AR

MAO 922 27% / 73% PTY 100% 922

10 Manaus, BR

TOP 10 LATAM Feeders (JAN - AUG 2014)

Top 10 US Feeders

Source: AAA/DIIO, 2014

PAX (One way) Distribution thru major hubs PAX (One way) Distribution thru major hubs

1 PIT: 8,248 CLT 33% 2,697 6 DFW: 3,425 MIA 52% 1,774

Pittsburgh ATL 25% 2,073 Dallas - Ft. Worth CLT 29% 978

IAD 9% 727 ATL 12% 397

Agency Pax 47% Agency Pax 49%

Booking % 53% Booking % 51%

2 DTW: 6,785 ATL 43% 2,901 7 STL: 3,393 ATL 39% 1,336

Detroit CLT 27% 1,826 St. Louis, MO MIA 29% 991

MIA 13% 876 CLT 19% 646

Agency Pax 48% Agency Pax 44%

Booking % 52% Booking % 56%

3 LAX: 6,459 MIA 37% 2,408 8 BUF: 3,316 JFK 33% 1,088

Los Angeles PTY 15% 952 Buffalo, NY CLT 25% 841

ATL 13% 813 ATL 11% 380

Agency Pax 46% Agency Pax 48%

Booking % 54% Booking % 52%

4 BDL: 5,568 CLT 35% 1,959 9 IND: 3,179 ATL 42% 1,326

Hartford, CT MIA 18% 1,017 Indianapolis, IN CLT 17% 553

BWI 18% 979 IAD 8% 263

Agency Pax 50% Agency Pax 46%

Booking % 50% Booking % 54%

5 MSP 3,470 ATL 50% 1,738 10 ALB: 2,969 CLT 38% 1,114

Minneapolis/St.Paul CLT 36% 1,241 Albany, NY PHL 24% 706

ORD 3% 102 BWI 17% 507

Agency Pax 48% Agency Pax 44%

Booking % 52% Booking % 56%

TOP 10 FEEDER CITIES JAN-AUG2014

Generic Air Service Incentive Package