GOL Linhas (GOL) Reports 79% Dec. Load Factor

GOL Linhas Aéreas Inteligentes S.A. ("GLAI"), (NYSE: GOL) Brazil's largest air transportation and travel services group, announces today preliminary air traffic figures for the month of December and full year of 2016. Comparisons refer to the same period of 2015.

GOL's Highlights

• The volume of departures in the total system decreased by 19.0%, while the number of seats recorded an 18.8% decline in December, resulting in a 5.7% reduction in the total supply. In 2016, these indicators were reduced by 17.2% and 16.9% respectively, leading to capacity in ASK terms to be 6.9% lower than 2015.
• In the domestic market, GOL reduced its supply by 5.4% in December and 5.4% in 2016 over the same periods a year before.
• Domestic demand reduced 3.5% in December, reaching a load factor of 79.5%, 1.5 p.p. up on December 2015. From January to December, domestic demand was 5.5% lower, accompanied by a stable load factor of 78.0%.
• In December, GOL's international market supply and demand fell by 8.9% and 5.8%, respectively, with load factor of 74.1%, which represents an increase of 2.4 p.p. in comparison to the same period of 2015. In 2016, supply declined by 17.0% while demand decreased by 13.6%, reaching a load factor of 74.6%, up by 2.9 p.p.

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