GOL Gol Linhas Aereas Inteligentes SA

São Paulo, July 27, 2015 - GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), (S&P: B, Fitch: B-, Moody’s: B3), the largest low-cost and best-fare airline in Latin America, hereby announces its preliminary air traffic figures for June 2015, 2Q15 and 6M15. Comparisons refer to the same period in 2014.

GOL highlights

      Domestic supply grew by 3.5% in June, 2.0% in 2Q15 and 2.1% in 2015. The year-over-year increase in 2Q15 reflects the lower supply in 2Q14, when the Company reduced the capacity for the Brazil 2014 Fifa World Cup.

      In June, domestic demand increased by 5.6%, leading to a load factor of 77.2%, representing growth of 1.5 p.p. compared to June 2014.

      The international market increased capacity by 1.3% in this month compared to 2014. Demand, meanwhile, fell by 2.8%, recording a load factor of 66.9%. The Company is adjusting its international network by changing the frequency in currently operating destinations and opening other international bases in order to capture market opportunities in the region.

      In 2Q15, net PRASK fell by 15.4% while yield fell by 17.2% compared to 2Q14, reflecting the slowdown in economic activity in the country and lower volume of corporate passengers.

      On 2Q15, jet fuel (QAV) prices were between R$2.20 and R$2.25 per liter, representing a decrease of approximately 10% compared to 2014. Jet fuel in Reais partially benefited from the decline in international prices of 38.9% in the quarter, but were impacted by the Real's average depreciation of 37.8% in the same period.

Investor Relations

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About GOL Linhas Aéreas Inteligentes S.A.

GOL Linhas Aéreas Inteligentes, the largest low-cost and best-fare airline in Latin America, offers around 900 daily flights to 73 destinations, 17 of which international in South America, the Caribbean and the United States, using a young, modern fleet of Boeing 737-700 and 737-800 Next Generation aircraft - the safest, most efficient and most economical of their type. The SMILES loyalty program allows members to accumulate air miles and redeem tickets to more than 700 locations around the world via flights with foreign partner airlines. The Company also operates Gollog, a logistics service that retrieves and delivers cargo and packages to and from more than 3,500 cities in Brazil and eight abroad. With its portfolio of innovative products and services, GOL Linhas Aéreas Inteligentes offers the best cost-benefit ratio in the market.

This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.