GOL: PRASK Grows 11% and Fuel PMP Remains Flat Over May 2012

São Paulo, June 17, 2013 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody’s: B3), the largest low-cost and low-fare airline in Latin America, hereby announces its preliminary air traffic figures for May 2013.

PRASK, Yield and Fuel Prices
Net PRASK in May and year-to-date grew by 11% and around 11%, respectively, over the same periods in 2012, up since April 2012, reflecting the Company’s strategy of recovering profitability.

Net yield in May increased by 11% year over year to between 20.0 and 20.5 cents (R$).

The fuel price* dipped by 0.1% in the same period. This is the biggest difference in PRASK and Fuel Price in GOL’s history.

Domestic Market
In May, GOL continued its strategy of optimizing domestic supply, which fell by 6.1% year over year, due to the discontinuation of Webjet’s operations. The lower reduction was due to the fact that the adjustment in supply began in April 2012. The combination of this decline and the accompanying upturn in PRASK underlines the attractiveness of our services for passengers willing to pay for higher yields.

The domestic load factor moved up by 0.3 p.p. over the same month last year, reaching 67.2%. Given the above-mentioned reduction in operations and the period price recovery, demand fell by 5.6% year over year.

International Market
International supply moved up by 39.3% over May 2012, chiefly due to the daily flights to Santo Domingo, Miami and Orlando that began at the end of last year. The demand during the same period grew by 40.1% for the same reason.

The international load factor moved up by 0.3 percentage points in May, primarily due to the maturation of the new routes mentioned above.