São Paulo, June 21, 2016 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CC, Fitch: C and Moody’s: Caa3) the largest low-cost and best-fare airline in Latin America, hereby announces its preliminary air traffic figures for the month of May 2016 and the year to date. All comparisons refer to the same periods in 2015.

GOL Highlights

The total volume of departures in the system decreased by 21.3% in May and the total number of seats available to the market fell by 21.2% in the month. In the year to date, both indicators fell by 13.4%.

In the domestic market, GOL reduced its supply by 6.3% in May and 6.6% in the first five months over the same periods the year before.

The domestic demand decreased by 7.7% in May and 8.8% in the year to date, with respective load factors of 75.8% and 76.8%.

GOL’s international market supply and demand fell by 8.8% and 8.4% year-on-year, respectively, while the load factor increased by 0.3 p.p. to 67.6%. In the first five months, supply declined by 16.5% and demand decreased by 11.4%, giving a load factor of 75.6%, 4.4 p.p. higher than in the same period in 2015.