GOL Announces that Load Factor on its Total Route Network Reached 71.1% in April/2012

Fitch: B+, Moody`s: B3), the largest low-cost and low-fare airline in Latin America, hereby announces that total supply in 
April only edged up by only 0.1% over April 2011, accompanied by a load factor of 71.1%. 
SUPPLY 
GOL’s domestic supply increased by only 0.8% over the same month last year, chiefly due to the period upturn in the 
Company’s operational fleet (from 116 aircraft, in April 2011, to 119 in April 2012). The increase in supply was partially 
offset by: (i) the decline in fleet productivity (12.0 block-hours per day, versus 12.8 block-hours per day in April 2011) 
during this month’s reorganization of the route network; and (ii) the reduction in GOL’s domestic operations, especially in 
April. The Company closed the month with an average of 850 daily flights, compared to 940 daily flights in April of last 
year. This reduction was in line with the Company’s target of reducing domestic supply by 2% over 2011. 
Supply on GOL’s international route network fell by 6.8% year-on-year, mainly due to the discontinuation of flights to 
Bogotá in Colombia in the second half of 2011. 

DEMAND 
GOL’s domestic demand moved up by 1.1% over April 2011, primarily due to the Company’s dynamic fare 
management, which is designed to encourage passenger traffic through the country’s main airports during off-peak hours. 
Demand’s performance was partially offset by GOL’s prudent capacity addition and a national economic slowdown. 
International demand recorded a year-on-year decline of 1.6%, also due to the discontinuation of flights to Bogotá in 
Colombia in the second half of 2011. 

LOAD FACTOR AND YIELD 
GOL’s total load factor came to 71.1% in April, 0.5 percentage points higher than in the same month last year. 
Net yields increased by around 1.5% over April 2011* to between 17.8 and 18.3 cents (R$), while net PRASK moved up 
by approximately 2.0% year-on-year. 
*2011 RPK adjusted in accordance with the operating data recalculated based on the current DCA Manual. 
WEBJET 
Webjet continued with its business proposal and its supply grew by 7.8% over April 2011 due to the addition of five Boeing 
737-800 aircraft in 2012 (sub-leased from GOL). This increase was partially offset by the initial withdrawal of four Boeing 
737-300s from the operational fleet due to the pre-devolution maintenance period. The table below shows Webjet’s traffic 
figures and consolidates these with GOL’s in the periods in question.