GOL Announces September 2009 Traffic Figures

* Reuters is not responsible for the content in this press release.

Mon Oct 5, 2009 9:38am EDT

SAO PAULO, Oct. 5 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes
S.A. (Bovespa: GOLL4 and NYSE: GOL), Latin America's largest low-cost and low-
fare airline, announces its preliminary traffic figures for September 2009.
    Management Comments
    In September 2009, GOL recorded a 26.6% year-on-year growth in air traffic
demand due to the following factors: (i) the increased supply and improved
distribution of seats due to the merger of GOL and VRG's operations in 4Q08;
(ii) the continued revitalization of the SMILES program (Latin America's
largest mileage program with more than 6.4 million members); and (iii) fiercer
competition in the domestic market, with successive fare reductions that drove
up demand sharply in September.
    In this scenario, domestic market demand moved up by 36.4% over September
2008 and by 6.5% over August 2009. However, the factors behind this demand
increase were partially offset by the fewer number of days in September
compared to August. International demand dropped by 22.4% year-on-year due to
the reduction in the supply of seats on less profitable international routes.
    In comparison with August 2009, international demand rose by 21.1% due to
the same factors that drove domestic demand and the recovery of traffic to
Chile and Argentina, since the end of winter has led to a substantial
reduction in H1N1 flu cases.
    On the capacity front, seating capacity per kilometer flown climbed by
8.7% over September 2008, mainly due to the expansion of the operating fleet
and a 4.2% decline in consolidated capacity in comparison with August 2009,
due to the reduction in the supply of seats in the international market.

    Operating Data    September   September   % Chg.    August     % Chg.
                        2009 *      2008 *    (YoY)     2009 *      (MoM)

    Total System
     ASK (mm) (1)      3,289.7     3,027.4     8.7%     3,432.6     -4.2%
     RPK (mm) (2)      2,184.6     1,725.3    26.6%     2,025.9      7.8%
     Load Factor (3)    66.4%        57.0%   9.4 pp       59.0%    7.4 pp

    Domestic Market
     ASK (mm) (1)      2,922.1     2,547.5    14.7%     3,019.0     -3.2%
     RPK (mm) (2)      1,962.6     1,439.3    36.4%     1,842.6      6.5%
     Load Factor (3)     67.2%       56.5%  10.7 pp       61.0%    6.2 pp

    International
     Market
     ASK (mm) (1)        367.5       479.9   -23.4%       413.5    -11.1%
     RPK (mm) (2)        222.0       286.0   -22.4%       183.3     21.1%
     Load Factor (3)     60.4%       59.6%   0.8 pp       44.3%   16.1 pp

     (*) September 2009 preliminary figures; September 2008 and August 2009
ANAC figures.
    In line with its focus on optimizing operating profitability, the
utilization ratio of GOL's operational fleet (measured in block hours)
remained above 12 hours/day.
    As a result of the highly competitive price scenario in the domestic
market, at unsustainable levels, average net yield in September was around
R$17.00 cents, taking the quarterly yield slightly to approximately R$19.00
cents.
    Despite the decrease in average net yield, the Company has maintained its
operating cash generation in line with the two previous quarters.

    Operating Data             3Q09       3Q08      % Chg.     2Q09    % Chg.
    Total System - Quarter
     ASK (mm) (1)            10,212.7   9,909.3      3.1%    9,635.2     6.0%
     RPK (mm) (2)             6,705.8   5,942.5     12.8%    5,794.7    15.7%
     Load Factor (3)            65.7%     60.0%    5.7 pp      60.1%   5.5 pp


    (1) Available seat kilometers, or ASK, represents the aircraft seating
capacity multiplied by the number of kilometers the seats are flown.
    (2) Revenue passenger kilometers, or RPK, represents the number of
kilometers flown by revenue passengers.
    (3) Load factor represents the percentage of aircraft seating capacity
that is actually utilized (calculated by dividing RPK by ASK).
    About GOL Linhas Aereas Inteligentes S.A.
    GOL Linhas Aereas Inteligentes S.A. (Bovespa: GOLL4 and NYSE: GOL), the
largest low-cost airline in Latin America, offers around 800 daily flights to
49 destinations that connect all the most important cities in Brazil and ten
major destinations in South America. The Company operates a young, modern
fleet of Boeing 737 Next Generation aircraft, the safest and most comfortable
of its class, with high aircraft utilization and efficiency levels. The
Company's service is recognized as the best value proposition in the market.
    This release contains forward-looking statements relating to the prospects
of the business, estimates for operating and financial results, and those
related to growth prospects of GOL. These are merely projections and, as such,
are based exclusively on the expectations of GOL's management concerning the
future of the business and its continued access to capital to fund the
Company's business plan. Such forward-looking statements depend,
substantially, on changes in market conditions, government regulations,
competitive pressures, the performance of the Brazilian economy and the
industry, among other factors and risks disclosed in GOL's filed disclosure
documents and are, therefore, subject to change without prior notice.
    Contact:

    Investor Relations

    Leonardo Pereira - CFO and IRO
    Rodrigo Alves - Head of IR
    Phone: (5511) 2128-4700
    E-mail: ri@golnaweb.com.br
    Website: www.voegol.com.br/ri
    Twitter: www.twitter.com/GOLInvest

    Corporate Communications:
    Phone: (5511) 2128-4413
    comcorp@golnaweb.com.br

    Media Relations
    Edelman (U.S. and Europe):
    M. Smith and N. Dean
    Phone: 1 (212) 704-8196 / 704-4484
    meaghan.smith@edelman.com or
    noelle.dean@edelman.com

SOURCE  GOL Linhas Aereas Inteligentes S.A.

Investors: Leonardo Pereira, CFO and IRO, or Rodrigo Alves, Head of IR,
+011-5511-2128-4700, ri@golnaweb.com.br; or Corporate Communications,
+011-5511-2128-4413, comcorp@golnaweb.com.br, or Media, M. Smith,
+1-212-704-8196, meaghan.smith@edelman.com, and N. Dean, +1-212-704-4484,
noelle.dean@edelman.com, both of Edelman (U.S. and Europe) for GOL
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