GOL Reviews Projections for 2013 and Reaffirms Operating Margin

       GOL Reviews Projections for 2013 and Reaffirms Operating Margin

PR Newswire

SAO PAULO, Aug. 12, 2013

SAO PAULO, Aug. 12, 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
review of its financial projections for the year of 2013.

All metrics were revisited, and three indicators have been changed:

  i. The operating cost per available seat kilometer excluding fuel was
  changed to between R$9.5 and R$10.0 cents;

  ii. The average exchange rate (R$/US$) for 2013 was changed to between
  R$2.10 and R$2.20;

  iii. The fuel price* was changed to between R$2.38 and R$2.48.

The Company maintains its guidance for operating margin between 1% and 3%
announced earlier this year.



                                   Previous
2013 Guidance                                           New
                                   (06/24/2013)
                                   From         To           From      To
Brazilian GDP Growth               2.0%         2.5%         2.0%      2.5%
Annual Change in RASK              = or > 10%                = or > 10%
Annual Change in Domestic Supply   Around -9%                Around -9%
(ASK)
CASK ex-fuel (R$ cents)            10.3         9.7          10.0      9.5
Average Exchange Rate (R$/US$)     2.18         2.08         2.20      2.10
Jet Fuel Price (QAV)*              2.40         2.30         2.48      2.38
Operating margin (EBIT)            1%           3%           1%        3%
(*)The per-liter fuel price considers total fuel and lubricant expenses
divided by period consumption.

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/ir
Twitter: www.twitter.com/GOLinvest

CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@golnaweb.com.br
Twitter: www.twitter.com/VoeGOLoficial
Blog: http://blog.voegol.com.br

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.
GOL Linhas Aereas Inteligentes S.A. (BM&FBovespa: 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.

SOURCE GOL Linhas Aereas Inteligentes S.A.

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