DECEMBER 1ST, 2014

GOL reviews 2014 operating margin guidance interval and discloses domestic supply estimate for 2015

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 best-fare airline in Latin America, hereby announces a change in its 2014 operating margin guidance and discloses its domestic supply projection for 2015:

The projected positive operating margin interval for 2014 has been altered from between 3% and 6% to between 4% and 6%. The other estimates disclosed in the Material Fact of March 25, 2014, remain unchanged.

GOL estimates that domestic supply will remain flat in 2015, underlining the Company’s strategy of rationalizing domestic supply and expanding its international routes.


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