MAY 4TH, 2016

GOL announces its air traffic results for the first quarter of 2016

SAO PAULO, May 4, 2016 /PRNewswire/ - GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CCC, Fitch: CCC e Moody’s: Caa1), the largest low-cost and best-fare airline in Latin America hereby announces preliminary air traffic figures for March 2016 and for 2016. Comparisons refer to the same period of 2015.

GOL’s highlights

The total volume of departures in the system decreased by 16.6% and 8.2% in March and in 1Q16, respectively. The total number of seats available to the market fell by 16.5% in the month and 8.2% in the quarter.
Domestic supply fell by 9.4% in March and 4.0% in 1Q16 compared to the same period in 2015.
Domestic demand reduced by 11.5% in March, leading to a load factor of 72.5%. In the quarter, domestic demand fell by 5.9% with load factor of 77.3%, representing a decrease of 1.5 p.p.
In the international market, capacity and demand decreased by 19.1% and 9.5% in the month, respectively, leading to a load factor of 77.8% – which represents an increase of 8.3 p.p. In the quarter, capacity and demand in the same market fell by 18.5% and 12.0%, respectively, registering a load factor of 78.4% – an increase of 5.8 p.p.