PRASK Grows by 19% in March and 18% in 1Q14, Fueled by a 9 p.p. Increase in Load Factor

São Paulo, April 28, 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 preliminary air traffic figures for March 2014 and consolidated results for the first quarter of 2014.

PRASK, Yield, Fuel Prices and Load Factor
In March 2014 net PRASK moved up by 19% over the same month last year, due to the 9.0 p.p. increase in the system load factor to 73.7%, along with a 4% increase in yield over March 2013. In the quarter, PRASK grew by 18% year over year, and yield increased by 4%. The Company’s new level of load factor of 76.1% in the first quarter enabled this growth.

In March, the average jet fuel price* moved up by around 10% year over year, leading to an increase of around 10% in the quarter, over the same period last year.

• The per-liter fuel price considers total gross fuel and lubricant expenses divided by period consumption.

Domestic Market
In March, GOL’s domestic market supply decreased 5.7% over March 2013, while demand grew by 7.4%, resulting in a 74.4% load factor, 9.1 p.p. up over prior year. In 1Q14, supply increased by 1.6%, while demand grew by 14.7% and load factor reached 76.8%, up 8.7 p.p. versus prior year.

International Market
International supply increased by 2.7% over March 2013, while demand was up by 17.5%, leading to an 8.6 p.p. improvement in the load factor. For the quarter, supply increased 1.5%, while demand increased by 18.4%, with a total load factor of 71.4%, up 10.2p.p. over prior year.