GOL: PRASK INCREASES BY 7% YEAR-ON-YEAR IN JUNE

SAO PAULO, JULY 16, 2012 – 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 that total supply in June fell by 6.4% year-on-year, accompanied by a total load factor of 70.5%, the highest June figure for the last five years.
This month, we will disclose the approximate Fuel Price* of the second quarter in this release.

SUPPLY
GOL’s domestic supply fell by 6.7% over the same month last year, chiefly due to the flight rationalization strategy that began in March 2012, leading to the discontinuation of approximately 100 daily flights. Flight profitability was the main factor for determining the cuts, with longer routes and night flights being most affected.

At the end of june 2012, GOL’s route network comprised approximately 810 daily flights, versus 940 in June 2011, in line with the Company’s target of reducing domestic supply by 2% over last year.

Supply on GOL’s international route network fell by 3.7% year-on-year, mainly due to: (i) charter flights to Bariloche and Orlando in June 2011; and (ii) the replacement of 187-seat 737-800s on flights to Montevideo with 144-seat 737-700s.

DEMAND
GOL’s domestic demand increased by 1.4% over June 2011, due to dynamic tariff management in a high seasonality month.

International demand posted a year-on-year decline of 6.4%, chiefly due to the replacement of 187-seat 737-800s on flights to Montevideo with 144-seat 737-700s.

LOAD FACTOR, YIELD AND FUEL
GOL’s total load factor came to 70.5% in June, 5 percentage points higher than in the same month last year.
Net yields remained virtually flat over June 2011*, at between 18.0 and 18.5 cents (R$), as did the quarterly yields, at between 18.2 and 18.7 cents (R$).

Net PRASK increased by approximately 7.0% year-on-year in June and climbed 4.5% in the second quarter.
Fuel price** in the quarter reached between R$2.28-R$2.36, up by 12% year-on-year.

WEBJET
Webjet continued with its business proposal and its supply grew by 10.7% over June 2011 due to the addition of five Boeing 737- 800 aircraft in 2012 (sub-leased from GOL). This increase was partially offset by the initial withdrawal of four Boeing 737-300s from the operational fleet due to the pre-devolution maintenance period. The table below shows Webjet’s traffic figures and consolidates these with GOL’s for the periods in question.