GOL: PRASK Grows by 9% in January, Fueled by the 5.2 p.p. Increase in the Load Factor and the Maintenance of Yield Levels

São Paulo, February 21, 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, hereby announces its preliminary figures for January 2014.

• January 2014 – preliminary figures; January 2013 and December 2013 – National Civil Aviation Agency (ANAC) figures

PRASK, Yield, Load Factor and Fuel Prices
Net PRASK moved up by 9% year-over-year in January/14, fueled by the 5.2 percentage point increase in the load factor, which reached 77.8%. This is the highest January load factor in the last ten years. At the same time, yield sustained current levels, growing by 2% over January/13.

January’s average jet fuel price moved up by around 9% in relation to the same period in 2013, the biggest increase in the last 9 months, due to the continuous devaluation of the Real against the Dollar in November and December, reflected in the price formation period.

(*)The per-liter fuel price considers total gross fuel and lubricant expenses divided by estimated period consumption.

Domestic Market
For 2014, GOL reaffirms the upper limit of its domestic market capacity increase at 0%. In January, the Company recorded a load factor of 78.2%, 4.7 percentage points higher than in the same month last year due to the 17.3% upturn in domestic demand.

Traffic Report
Supply increased by 10.2% in the period, due to the higher number of extra flights and charter flights in January/14, a pattern that was also observed in the previous month.

International Market
Demand in the international market moved up by 13.6%, pushed by the 8.7% percentage point increase in the load factor. International supply remained flat over January/13.