GOL Announces May 2009 Traffic Figures

SAO PAULO, June 5 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the largest low cost airline in Latin America, announces its preliminary traffic figures for May, 2009.

Management Comments

GOL recorded its third successive monthly upturn in demand in its consolidated route network in May, when domestic passenger traffic (measured in RPK -- revenue passenger kilometers) moved up by 5.3% over April 2009, due to the following factors: (i) the Company's leading position in terms of landings and departures in Brazil's main airports; (ii) the introduction of new fare packages and the revitalization of SMILES (Latin America's biggest mileage program, with more than 6 million clients), which has been reflecting the Company's increased penetration in the business passenger segment; (iii) pro-active yield management and route profitability.

In the same period, the Company expanded its supply of seats (measured in ASK -- available seat kilometers) by 6.6% over the previous month, giving a total load factor of 58% - 60% on the domestic market and 47% on the international market. In comparison with May 2008, RPK fell by 19.3% due to the elimination of long-haul routes.

GOL maintained its disciplined strategy in regard to market seat supply and revenue management, given that the second quarter is traditionally characterized by low demand. In addition, this year (exceptionally) there was a high concentration of holidays in April and therefore most of the low season fall-off was concentrated in May. As a result, GOL's net yield in May remained above the 19.43 cents (R$) recorded in 2Q08, but well below the 23.27 cents (R$) registered in FY2008. In the first two months of 2Q09, yield was slightly below, but very close to, the 21.93 cents (R$) recorded in 1Q08.

On the international market, given the closure of intercontinental operations in 2008, GOL reduced its ASK by 51.2% over May 2008 and by 4.1% over April 2009.

In year-over-year terms, the load factor also experienced a decline, falling to 47.1% in May, chiefly due to the previously mentioned repositioning of the international network. In comparison with the previous month, the load factor fell by 3.6 percentage points, reflecting May's lack of extended holidays, given the more tourism-oriented profile of GOL's international network.

    CONTACT:
    Investor Relations
    Leonardo Pereira - CFO and IRO
    Rodrigo Alves - IR Manager
    Tel.: (55 11) 2128-4700
    E-mail: ri@golnaweb.com.br
    Website: www.voegol.com.br/ir