GOL Reinforces Strategy of Adjusting Domestic Capacity in Third Quarter

GOL Linhas Aereas Inteligentes S.A., the largest low-cost and low-fare airline in Latin America, announces today its results for the third quarter of 2012 (3Q12).

Passenger revenue per available seat kilometer (PRASK) increased by 3.4 percent year over year, reflecting the strategy of reducing capacity and maximizing the aircraft load factor, which increased by 2.4 p.p. over 3Q11.

GOL continued to implement its strategy of adjusting domestic supply, posting a reduction of 8.4 percent in the third quarter, considering the traffic data of both GOL and Webjet (pro-forma).

Salaries, Wages and Benefits per ASK per ASK fell by 2.4 percent year over year, as a result of the Company's efforts.

In July, GOL announced changes in its international route network, introducing new direct flights from Sao Paulo/Guarulhos to Montevideo (Uruguay), Asuncion (Paraguay) and Santa Cruz de La Sierra (Bolivia).