GOL: PRASK Grows 18% in July Reaching Growth Record of the Last Two Years

São Paulo, August 19, 2013 – GOL Linhas Aéreas 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 its preliminary air traffic figures for July 2013.

PRASK, Yield and Fuel Prices
Net PRASK presented an 18% growth over July/12, even with a supply reduction of 4.8% in the domestic market in the period. This is the highest PRASK increase of the last two years, and demonstrates the Company’s efforts in optimizing its supply and maximizing the profitability of its routes.

Net yield in July posted a 28% increase year-over-year, to between R$24.5 and R$25.0 cents, in line with GOL’s strategy of upgrading its services and attracting business and leisure passengers during the winter holidays high season.

Fuel prices* moved up by 4% in the month when compared to July/12, driven by the depreciation of the Real against the Dollar in the last months comprising the jet fuel price formation period, which carries a time lag. With the recent Dollar hike, we expect record fuel prices for the next months.

Domestic Market
In July, GOL maintained its strategy of optimizing domestic supply, leading to a 4.8% reduction in the domestic market when compared to July/12. The load factor in the domestic market reached 71.2%, a 6.3 p.p. decrease over the same period in 2012. The Company highlights its PRASK growth strategy: maintaining the same supply reduction level as the past months, GOL increased PRASK growth, as demonstrated below.

International Market
In July, supply moved up by 26.4%, when compared to the same month in 2012, mainly due to the flights to Santo Domingo, Miami and Orlando launched in December/12. This contributed to an increase of 18.2% in demand in the same period. Load factor decreased by 4.7 percentage points in the international market. The greater representativeness of our flights to Santo Domingo, where we provide around 85% of seats available for sale in our 737-800 NG aircraft creates pressure on our load factor indicator. As per ANAC’s methodology, the load factor is calculated considering the aircraft’s total capacity.