GOL increases RASK by 10.5% in 4Q12 and Reaffirms its Supply Rationalization Strategy in 2013

 GOL increases RASK by 10.5% in 4Q12 and Reaffirms its Supply Rationalization
                               Strategy in 2013

PR Newswire

SAO PAULO, March 26, 2013

SAO PAULO, March 26, 2013 /PRNewswire/ --GOL Linhas Aereas Inteligentes S.A.
(BM&FBOVESPA: GOLL4 e NYSE: GOL), (S&P: B, Fitch: B+, Moody's: B3), the
largest low-cost and low-fare airline in Latin America, announces its results
for the fourth quarter of 2012 (4Q12).

4Q12 HIGHLIGHTS

Revenue per available seat-kilometer (RASK) grew by 10.5% over 4Q11, owing to
the strategy of rationalizing supply adopted in March 2012.

In 4Q12, GOL incurred additional costs of R$197mm due to the winding up of
Webjet's operations and impairment of assets (for more details see the
Operating Result section of this report).Excluding these items, GOL recorded
an adjusted operating loss of R$160.1mn, with a negative margin of 7.6%. In
2012 as a whole, the adjusted operating loss came to R$708.9mn, with a
negative margin of 8.7%. For the book result, see the table below.

GOL created Smiles S.A., a new subsidiary responsible for conducting the
Company's loyalty program. In February, 2013, the Board of Directors approved
the initiation of the necessary procedures in preparation for an IPO.

GOL was the most punctual airline in the country in 2012. Owing to its focus
on improving operating efficiency, the Company achieved a punctuality ratio of
94% and increased the share of remote check-in use by approximately 12.0
percentage points.

To access the document FULL VERSION, visit our website at
www.voegol.com.br/ir.

Conference Calls – Tuesday - March 26, 2013

English
12h30 (Brazil)
11h30 (US ET)
Tel.: +55 (11) 4688-6361 (Brazil) or +1 (786) 924-6977 (EUA)
Code: GOL

Portuguese
11h00 (Brazil)
10h00 (US ET)
Tel.: +55 (11) 4688-6361
Code: GOL

CONTACTS

INVESTOR RELATIONS
Edmar Lopes - CFO
Andre Carvalho - Planning and IR Manager
Gustavo Mendes - Investor Relations
Jenifer Nicolini - Investor Relations
Phone: (11) 2128-4700

E-mail: ri@golnaweb.com.br
Website: www.voegol.com.br/ri
Twitter: @GOLinvest

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the
largest low-cost and low-fare airline in Latin America, offers around 970
daily flights to 65 destinations in 10 countries in South America, Caribbean
and the United States.

SOURCE GOL Linhas Aereas Inteligentes S.A.

Website: http://www.voegol.com.br/ri
 
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