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.

For further information visit www.voegol.com.br/ir

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SOURCE GOL Linhas Aereas Inteligentes S.A.

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