GOL Announces Investor Update

SAO PAULO, April 4, 2017 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A., (NYSE: GOL and BM&FBOVESPA: GOLL4), Brazil's #1 airline, provides its Investor Update.  The information below for the March quarter 2017 is preliminary and unaudited.

Overall Commentary  

• GOL expects a March quarter operating margin of 12.0-12.5%, an increase of approximately 400 b.p. over the March 2016 quarter operating margin of 8.3%, excluding non-recurring results.
• Passenger unit revenue (PRASK) for the March quarter was down 3.0-3.5% year over year,  offset by demand trends and higher load factors as GOL's rational pricing, capacity discipline and revenue management strategies continue to benefit results.  For the March quarter, GOL expects unit revenue (RASK) to decrease 1.0-1.5%.
• Non-fuel unit costs (CASK ex-fuel), excluding non-recurring expenses, are expected to be down approximately 6% for the March quarter versus same quarter of the prior year.
• GOL reduced total debt, including finance and operating leases, by R$1.0 billion in the quarter for a total of more than R$4.7 billion debt reduction in the last 15 months (including yesterday's repayment of its 7.5% Senior notes due 2017).

For further information visit www.voegol.com.br/ir

CONTACTS

INVESTOR RELATIONS
Phone: +55 (11) 2128-4700
E-mail: ri@voegol.com.br

CORPORATE COMMUNICATIONS
Phone: +55 (11) 2128-4183
E-mail: comcorp@voegol.com.br

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SOURCE GOL Linhas Aereas Inteligentes S.A.