See more news releases in Airlines & Aviation | Transportation, Trucking & Railroad | Banking & Financial Services | Travel Industry | Earnings

GOL Reinforces its Strategy of Adjusting Domestic Capacity in 3Q12

Total Cash came to R$1.9 billion, equivalent to 22.9% of LTM Net Revenue

Translations:

English

SAO PAULO, Nov. 13, 2012 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A.,"GLAI", (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, announces today its results for the third quarter of 2012 (3Q12).

Passenger revenue per available seat kilometer (PRASK) increased by 3.4% 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% 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% 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 Montevideu (Uruguay), Asuncion (Paraguay) and Santa Cruz de La Sierra (Bolivia).

To access the document full version, visit our website at www.voegol.com.br/ir.

CONTACTS

INVESTOR RELATIONS
Edmar Lopes - CFO
André Brandi - Planning and IR Manager
Gustavo Mendes - Investor Relations
Phone: (11) 2128-4700

E-mail: ri@golnaweb.com.br
Website: www.voegol.com.br/ri
Twitter: @GOLinvest

CORPORATE COMMUNICATIONS
Phone: (11) 2128-4413
E-mail: comcorp@golnaweb.com.br
Twitter: @GOLcomunicacao

MEDIA RELATIONS
Edelman (USA and Europe): Meaghan Smith and Robby Corrado
Phone: +1 (212) 704-8196 / 704-4484
E-mail: meaghan.smith@edelman.com or robert.corrado@edelman.com

ABOUT GOL LINHAS AEREAS INTELIGENTES S.A.

GOL Linhas Aereas 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 62 destinations in 9 countries 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.

SOURCE GOL Linhas Aereas Inteligentes S.A.

RELATED LINKS
http://www.voegol.com.br/ir