GOL Reports 6th Consecutive Quarterly EBIT Evolution, with Operating Margin of 1.6%, 3.4p.p. up over 2Q13

GOL Reports 6th Consecutive Quarterly EBIT Evolution, with Operating Margin of                           1.6%, 3.4p.p. up over 2Q13  PR Newswire  SAO PAULO, Aug. 13, 2014  SAO PAULO, Aug. 13, 2014 /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, announces today its results for the second quarter of 2014.  Highlights    oGOL registered a positive operating margin of 1.6% in 2Q14, 3.4 percentage     points up year over year. As a result, operating income (EBIT) recorded     its sixth consecutive quarterly improvement, reaching R$38 million, R$73     million more than in 2Q13. In the last twelve months (LTM), EBIT totaled     R$382 million with an operating margin of 3.9%.   oNet revenue reached R$2.4 billion, the Company's highest ever     second-quarter figure, 24% up over 2Q13. LTM net revenue stood at R$9.8     billion, R$1.7 billion higher than in the 2Q13 LTM.   oEBITDAR totaled R$375 million, 60% more than in 2Q13. LTM EBITDAR came to     R$1.8 billion. As this indicator has a direct impact on financial     leverage, the adjusted net debt/LTM EBITDAR ratio fell to 4.6x from 11.3x     in 2Q13.   oTotal load factor came to 75.2% in the second quarter and 75.7% year to     date, respective increases of 7.5 and 8.2 percentage points. Demand for     seats increased by 10.5% year to date, while capacity fell by 1.5% in the     same period. Since 2012, GOL has reduced its domestic market supply by     15%, reinforcing its flexible capacity management strategy.   Conference Calls Thursday, August 14, 2014  Portuguese 9:30 a.m. (US ET) 10:30 a.m. (Brazil) Tel.: +55 (11) 2188-0155 Password: GOL  English 11:00 a.m. (US ET) 12:00 p.m. (Brazil) +1 (412) 317-6776 Password: GOL  For further information visit www.voegol.com.br/ir  CONTACTS INVESTOR RELATIONS Phone: +55 (11) 2128-4700 E-mail: ri@golnaweb.com.br  CORPORATE COMMUNICATIONS Phone: +55 (11) 2128-4183 E-mail: comcorp@golnaweb.com.br  ABOUT GOL  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 910 daily flights.  SOURCE GOL Linhas Aéreas Inteligentes S.A.  Website: http://www.voegol.com.br/ir  
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