GOL: PRASK MOVES UP BY 4.0% IN RELATION TO OCTOBER 2011 PRASK

SÃO PAULO, NOVEMBER 13, 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 load factor in October 2012 stood at 69.1%, up 3.3 p.p. year on year.

The traffic data are being presented pro forma and in a consolidated manner, considering the figures of GOL and Webjet. The use of pro-forma data aims to provide a better comparison of the Company’s consolidated route network between the periods.

DOMESTIC MARKET
Domestic supply in October remained in line with GOL’s strategy, 9.1% down on the same period last year. The strategy aims to adjust supply to the new cost levels of the Brazilian industry.

Domestic load factor climbed 3.3 p.p. year on year, while demand declined by 4.0% in relation to October 2011, chiefly due to the lower supply in the Company’s route network and the modest growth of the Brazilian economy in the period.

INTERNATIONAL MARKET
In October, supply in GOL’s international route network fell by 1.9% year on year, mainly due to an adjustment to the international route network, which was made in September, with the reduction in the Company’s international frequency, as informed in the traffic release of September 2012. Demand declined by 4.6% mainly as a result of the above-mentioned factors.

In the international market, load factor dropped 1.8 p.p. year on year.

LOAD FACTOR, YIELD AND FUEL
GOL’s total load factor came to 69.1% in October, up 3.3 p.p. on the same month last year.

Consolidated net yield dropped by approximately 1% over October 2011* to between R$19.4 and R$19.9 cents (R$).

For the eighth consecutive month, the Company posted an increase in its net passenger revenue per available seat- kilometer (PRASK), due to the rationalization of supply in the domestic market as from March 2012. Net PRASK increased by approximately 4% over October 2011.

Fuel prices** increased by approximately 23% over October 2011.