GOL Projects Positive Operating Margin, Between 3% and 6% for 2014

São Paulo, March 25, 2014 – 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, announces its financial projections for the year of 2014.

GOL projects a reduction in domestic capacity of between -1% and -3% for 2014, and an increase of up to 8% in the international supply. The projection reiterates the strategy of rationalization of the Company’s domestic supply and expansion of international routes.

The Company estimates a positive operating result for the year of 2014, with an operating margin of between 3% and 6%. This projection assumes the following assumptions informed.

Due to the impact of an adverse macroeconomic scenario, the financial projections of the Company may be reviewed quarterly to incorporate the evolution of its operating performance, financial trends and possible changes in interest rate, foreign exchange, GDP and oil (WTI and Brent).