GOL discloses its preliminary traffic figures for October 2017

São Paulo, November 9th, 2017 - GOL Linhas Aéreas Inteligentes S.A. ("GLAI"), (NYSE: GOL and B3: GOLL4), Brazil's #1 airline, announces today preliminary air traffic figures for the month of October, 2017. Comparisons refer to the same period of 2016.

GOL's Highlights

| The total volume of GOL departures increased by 0.5% and the number of seats was up 0.3% in October, resulting in an increase in supply of 1.9%. GOL's load factor was 80.6% in October 2017, 4.6 p.p. up over the same period of 2016, due to a growth in demand of 8.1% in the period.

| In the domestic market, volume of departures and the number of seats increased by 0.5% and 0.4%, respectively over October 2016. In addition, GOL increased its supply by 1.7% in October over the same period the year before, while demand grew by 9.1%. GOL's Load factor was up

5.5 p.p. in comparison to the same month of the previous year, achieving 81.4%.

| In October, GOL's international market supply and demand rose by 3.9% and 0.3, respectively, reducing load factor by 2.7 p.p. in relation to the same period of 2016.

GOL discloses its preliminary traffic figures for October 2017

Operational data *

Oct/17

Oct /16 % Var.

10M17

10M16 % Var.

Oct/17 LTM

Oct/16

LTM % Var.

Total GOL

206,637

218,445

-5.4%

249,706

271,747

-8.1%

Departures

20,893

20,791

0.5%

Seats (thousand)

3,503

3,491

0.3%

34,583

36,434

-5.1%

41,790

45,319

-7.8%

ASK (million)

3,869

3,796

1.9%

38,349

38,325

0.1%

46,354

46,842

-1.0%

RPK (million)

3,119

2,885

8.1%

30,453

29,652

2.7%

36,729

36,073

1.8%

Load Factor

80.6%

76.0%

4.6 p.p

79.4%

77.4%

2.0 p.p

79.2%

77.0%

2.2 p.p

Paxon board (thousand)

2,794

2,581

8.3%

26,598

26,830

-0.9%

32,123

33,286

-3.5%

Domestic GOL

194,960

206,156

-5.4%

235,727

256,801

-8.2%

Departures

19,729

19,626

0.5%

Seats (thousand)

3,297

3,285

0.4%

32,518

34,270

-5.1%

39,318

42,690

-7.9%

ASK (million)

3,438

3,381

1.7%

34,033

33,917

0.3%

41,220

41,495

-0.7%

RPK (million)

2,800

2,567

9.1%

27,167

26,368

3.0%

32,830

32,124

2.2%

Load Factor

81.4%

75.9%

5.5 p.p

79.8%

77.7%

2.1 p.p

79.6%

77.4%

2.2 p.p

Paxon board (thousand)

2,642

2,426

8.9%

25,038

25,249

-0.8%

30,263

31,376

-3.5%

International GOL

11,677

12,289

-5.0%

13,979

14,946

-6.5%

Departures

1,164

1,165

-0.1%

Seats (thousand)

206

206

-0.2%

2,065

2,164

-4.6%

2,472

2,629

-6.0%

ASK (million)

431

414

3.9%

4,316

4,408

-2.1%

5,134

5,348

-4.0%

RPK (million)

319

318

0.3%

3,286

3,284

0.1%

3,899

3,949

-1.3%

Load Factor

74.1%

76.8%

-2.7 p.p

76.1%

74.5%

1.6 p.p

76.0%

73.8%

2.2 p.p

Paxon board (thousand)

151

154

-1.9%

1,560

1,582

-1.4%

1,860

1,909

-2.6%

On-time Departures

94.1%

94.7%

-0.6 p.p

95.3%

95.0%

0.3 p.p

95.0%

94.9%

0.1 p.p

Flight Completion

98.6%

97.8%

0.8 p.p

98.4%

93.7%

4.7 p.p

98.4%

93.2%

5.2 p.p

Cargo Ton

8.36

8.42

-0.8%

82.5

76.6

7.7%

101.9

95.0

7.3%

Monthly Traffic Figures (¹) Accumulated YTD Traffic Figures (¹) Accumulated LTM Traffic Figures (¹)

* Source: Agência Nacional de Aviação Civil (ANAC) and the Company for the current month.

(1) Preliminary Figures

Investor Relations ri@voegol.com.br www.voegol.com.br/ir

+55(11)2128-4700

About GOL Linhas Aéreas Inteligentes S.A.

Brazil's largest airline group. 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 737 MAX 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).

GOL Linhas Aéreas Inteligentes SA published this content on 09 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 10 November 2017 01:48:05 UTC.

Original documenthttp://ri.voegol.com.br/download_arquivos.asp?id_arquivo=6D6DF881-897F-46FA-91D8-9FB5F186965E

Public permalinkhttp://www.publicnow.com/view/7A39B29E7C2D018457C9F1A2C39ACFD47E34A619