SÃO PAULO, SEPTEMBER 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 total supply in August fell by 7.7% year over year, accompanied by a load factor of 71.0%, the highest load factor for the period since 2006.

Starting this month, the Company will present the consolidated traffic data, considering GOL and Webjet. The traffic data below refer to the consolidated pro-forma route network, including Webjet’s traffic data for August 2011 in the table. The use of pro-forma data aims to provide a better comparison of the Company’s consolidated route network between the periods.

SUPPLY

Domestic supply fell by 8.5% year over year, due to the flight rationalization strategy launched in March 2012. This reduction is in line with the Company’s goal of reducing domestic supply by between 2% and 4.5% in the year, in response to the more challenging macroeconomic scenario.

Supply in GOL’s international route network moved up by 2.0% year over year, mainly due to the growth of non-regular international operations (charter flights) to Orlando and Miami in the United States. The flight to MIA was exclusively for Smiles clients, representing yet another initiative by the Company to strengthen the program. 

(*) August 2012 – preliminary figures; August 2011 – adjusted management figures; July 2012 – National Civil Aviation Agency (ANAC) figures.

DEMAND

Domestic demand decreased by 6.4% year over year, chiefly due to the lower growth of the Brazilian economy in August, which directly affects demand for flights in the country, in addition to the reduced supply in the period as a result of the Company’s flight rationalization strategy . The highlight is a decrease in demand (6.4%) lower than the decrease in supply (8.5%), in line with GOL's strategy to increase load factor.

International demand posted a year-on-year increase of 4.6%, due to charter flights to Miami and Orlando in the U.S.

LOAD FACTOR, YIELD AND FUEL

GOL’s total load factor came to 71.0% in August, up 1.5 p.p. over the same month last year.

Consolidated net yield climbed by approximately 1.0% over August 2011* to between 18.1 and 18.6 cents (R$).

Net PRASK increased by approximately 4% in relation to August 2011.

Fuel prices** increased by approximately 12% over August 2011. Compared to the previous month, fuel prices* moved up slightly by around 3%.

(*) 2011 RPK adjusted in accordance with the operating data recalculated based on the current ANAC Manual.
(**) The per-liter fuel price considers total fuel and lubricant expenses divided by estimated consumption in the period.

ABOUT GOL LINHAS AÉREAS INTELIGENTES S.A.

u GOL Linhas Aéreas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 810 daily flights to 63 destinations in Brazil and 13 in South America and the Caribbean under the GOL and VARIG brands, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft, the safest, most efficient and most economical of their type. It also offers its clients a further 12 Brazilian destinations through agreements with local regional airlines. In addition, the SMILES loyalty program, the biggest in Brazil, allows members to accumulate miles and redeem tickets to more than 560 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service which retrieves and delivers cargo and packages to and from more than 1800 cities in Brazil and eight abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.

ABOUT WEBJET LINHAS AÉREAS S.A.

u Webjet Linhas Aéreas S.A., controlled by VRG Linhas Aéreas S.A., offers around 140 daily flights to 18 Brazilian destinations, using a fleet of Boeing 737-300 and 737-800 Next Generation aircraft. In July 2011, GOL announced the acquisition of Webjet. The two companies continue to operate separately and are awaiting the transaction’s approval by the Administrative Council for Economic Defense (CADE), Brazil’s antitrust authority.

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