São Paulo, December 13, 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 November 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 fell 19.4%, while the number of seats recorded a 19.0% decline in November. In the first eleven months, these indicators fell by 17.0% and 16.7% respectively.
| In the domestic market, GOL reduced its supply by 4.9% in November and 5.4% year to date over the same periods the year before.
| Domestic demand increased 0.7% in November, reaching a load factor of 78.0%, 4.4 p.p. up on November 2015. Until the month of November, domestic demand reduced by 5.7%, accompanied by a load factor of 77.8%.
| In November, GOL’s international market supply and demand fell by 17.0% and 9.9%, respectively, with load factor of 75.9%, an increase of 6.0 p.p. in relation to the same period of 2015. Year to date, supply declined by 17.6% while demand decreased by 14.2%, reaching a load factor of 74.6%, up by 3.0 p.p.