GOL increases RASK by 10.5% in 4Q12 and Reaffirms its Supply Rationalization Strategy in 2013

Mar 26, 2013, 00:41 ET from GOL Linhas Aereas Inteligentes S.A.

SAO PAULO, March 26, 2013 /PRNewswire/ -- GOL Linhas Aereas Inteligentes S.A. (BM&FBOVESPA: GOLL4 e NYSE: GOL), (S&P: B, Fitch: B+, Moody's: B3), the largest low-cost and low-fare airline in Latin America, announces its results for the fourth quarter of 2012 (4Q12).


Revenue per available seat-kilometer (RASK) grew by 10.5% over 4Q11, owing to the strategy of rationalizing supply adopted in March 2012.

In 4Q12, GOL incurred additional costs of R$197mm due to the winding up of Webjet's operations and impairment of assets (for more details see the Operating Result section of this report).Excluding these items, GOL recorded an adjusted operating loss of R$160.1mn, with a negative margin of 7.6%. In 2012 as a whole, the adjusted operating loss came to R$708.9mn, with a negative margin of 8.7%. For the book result, see the table below.

GOL created Smiles S.A., a new subsidiary responsible for conducting the Company's loyalty program. In February, 2013, the Board of Directors approved the initiation of the necessary procedures in preparation for an IPO.

GOL was the most punctual airline in the country in 2012. Owing to its focus on improving operating efficiency, the Company achieved a punctuality ratio of 94% and increased the share of remote check-in use by approximately 12.0 percentage points.

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

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English  12h30 (Brazil)  11h30 (US ET)  Tel.: +55 (11) 4688-6361 (Brazil) or +1 (786) 924-6977 (EUA)  Code: GOL

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INVESTOR RELATIONS  Edmar Lopes - CFO  Andre Carvalho - Planning and IR Manager  Gustavo Mendes - Investor Relations  Jenifer Nicolini - Investor Relations  Phone: (11) 2128-4700

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

CORPORATE COMMUNICATIONS  Phone: (11) 2128-4183  E-mail: comcorp@golnaweb.com.br   Twitter: @GOLcomunicacao


GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low-cost and low-fare airline in Latin America, offers around 970 daily flights to 65 destinations in 10 countries in South America, Caribbean and the United States.

SOURCE GOL Linhas Aereas Inteligentes S.A.