São Paulo, November 15, 2016 – GOL Linhas Aéreas Inteligentes S.A. (“GLAI”), (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: CCC, Fitch: CC and Moody’s: Caa3), Brazil’s largest air transportation and travel services group, announces today preliminary air traffic figures for the month of October 2016 and the year-to-date. Comparisons refer to the same period of 2015.

GOL’s Highlights
| The volume of departures in the total system reduced 20.3%, while the number of seats recorded a 19.1% reduction in October. In the first ten months, these indicators reduced by 16.8% and 16.5% respectively.

In the domestic market, GOL reduced its supply by 3.2% in October and 5.4% year to date over the same periods the year before.

GOL’s October 2016 load factor was 75.9%, flat versus October 2015. Through October, load factor was 77.7%.

In October, GOL’s international market supply was reduced by 18.3%, with load factor of 76.8%, an increase of 6.0 p.p. in relation to the same period of 2015. Year to date supply was reduced by 17.7%, and load factor was 74.5%, up by 2.7 p.p.