SAO PAULO, July 5, 2017 /PRNewswire/ — GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil’s #1 airline, provides its Investor Update. The information below for the quarter ended in June 2017 is preliminary and unaudited.

Overall Commentary

• GOL expects an operating margin for the quarter ended in June of 1.5-2.0%, an increase of approximately 1000 b.p. over the quarter ended in June 2016 of ?8.2%, excluding non-recurring expenses.

• Passenger unit revenue (PRASK) for the second quarter was up 7.5-8.0% year over year, as GOL’s capacity discipline and revenue management strategies continue to benefit results. For the quarter ended in June, GOL expects unit revenue (RASK) to increase 8.5-9.0%.

• Non-fuel unit costs (CASK ex-fuel), excluding non-recurring expenses, are expected to be reduced approximately 4% for the second quarter 2017 versus same quarter of the prior year.

• GOL reduced its total debt, including financial and operating leasing, by approximately R$100 million in the quarter, totaling more than R$4.8 billion debt reduction in the last 18 months.

Investor Relationsri@voegol.com.brwww.voegol.com.br/ri+55(11) 2128-4700

For more information, visit: www.voegol.com.br/ir

CONTACTS

INVESTOR RELATIONSPhone: +55 (11) 2128-4700E-mail: ri@voegol.com.br

CORPORATE COMMUNICATIONSPhone: +55 (11) 2128-4183E-mail: comcorp@voegol.com.br

About GOL Linhas Aereas Inteligentes S.A.

Brazil’s largest airline group with three main businesses: passenger transportation, cargo transportation and coalition loyalty program. GOL is Brazil’s largest airline, carrying 33 million passengers annually on more than 700 daily flights to 63 destinations, 52 in Brazil and 11 in South America and the Caribbean, on a fleet of 120 Boeing 737 aircraft, with a further 120 Boeing 737s on order. GOLLOG is a leading cargo transportation and logistics business serving more than 2,200 Brazilian municipalities and, through partners, 205 international destinations in 95 countries. SMILES is one of the largest coalition loyalty programs in Latin America, with over 12 million registered participants, allowing clients to accumulate miles and redeem tickets for more than 700 locations worldwide. GOL has a team of more than 15,000 highly skilled aviation professionals delivering Brazil’s top on-time performance, and an industry leading 16 year safety record. GOL’s shares are traded on the NYSE (GOL) and the B3 (GOLL4).

SOURCE GOL Linhas Aereas Inteligentes S.A.