GOL Announces New Supply Reduction Level for 2013

              GOL Announces New Supply Reduction Level for 2013

PR Newswire

SAO PAULO, June 24, 2013

SAO PAULO, June 24, 2013 /PRNewswire/ -- GOL Linhas Aereas 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 a
reduction of around 9% in domestic supply for 2013 over 2012, reflecting its
dynamic approach to adjusting its operations in line with different economic
scenarios. With the new reduction in domestic supply, GOL reiterates its
operating margin of between 1% and 3% for 2013.

Financial Guidance - 2013              Previous   New
                                       Min.  Max.  Min.  Max.
Brazilian GDP Growth                   2.5%  3.0%  2.0%  2.5%
Annual Change in RASK                  = or > 10% = or > 10%
Annual Change in Domestic Supply (ASK) Around -7%  Around -9%
CASK ex-fuel (R$ cents)                9.7   10.3  9.7   10.3
Average Exchange Rate (R$/US$)         1.95  2.05  2.08  2.18
Jet Fuel Price (QAV)*                  2.30        2.30  2.40
Operating margin (EBIT)                1%    3%    1%    3%



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

CONTACTS

INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@golnaweb.com.br
Website: www.voegol.com.br/ri
Twitter: @GOLinvest

CORPORATE COMMUNICATIONS
Phone: +55 (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 under the GOL and VARIG brands, using a young, modern
fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most
efficient and most economical of their type. The SMILES loyalty program allows
members to accumulate miles and redeem tickets to more than 560 locations
around the world via flights with foreign partner airlines. The Company also
operates Gollog, a logistics service which retrieves and delivers cargo and
packages to and from more than 3,500 cities in Brazil and eight abroad. With
its portfolio of innovative products and services, GOL Linhas Aéreas
Inteligentes offers the best cost-benefit ratio in the market.

SOURCE GOL Linhas Aereas Inteligentes S.A.
 
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