Indicate by check mark whether the registrant by furnishing the
information contained in this Form is also thereby furnishing the
information to the Commission pursuant to Rule 12g3-2(b) under
the Securities Exchange Act of 1934.

Yes ______ No ___X___

GOL Reports Net Revenues of R$1.0bn and EPS of R$0.59 for 1Q07
Brazil’s Low-cost, Low-fare Airline Reports Quarterly Net Income of R$117mm

São Paulo, April 19, 2007 – GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and Bovespa: GOLL4), Brazil’s low-cost, low-fare airline, today announced financial results for the first quarter of 2007 (1Q07). The following financial and operating information, unless otherwise indicated, is presented pursuant to US GAAP and in Brazilian Reais (R$), and comparisons refer to the first quarter of 2006 (1Q06). Additionally, financial statements in BR GAAP are made available at the end of this release.

IR Contact Email: ri@golnaweb.com.br Tel: +55 (11) 3169-6800 IR Website: www.voegol.com.br/ir 1Q07 Earnings Results Webcast Date: Tuesday, April 20, 2006 > In English 09:00 a.m. US EST 10:00 a.m. Brasília Time Phone: +1 (973) 935-8751 Replay: +1 (973) 341-3080 Code: 8340918 > In Portuguese 10:30 a.m. US EST 11:30 p.m. Brasília Time Phone: +55 (11) 2101-4848 Replay: +55 (11) 2101-4848 Code: GOL	OPERATING & FINANCIAL HIGHLIGHTS
		Net income for the quarter was R$116.6mm (US$56.9mm), representing a 11.2% net margin. Earnings per share (EPS) were R$0.59 and earnings per ADS were US$0.29, exceeding analyst estimates.
		Operating income in 1Q07 was R$125.1mm, representing an EBIT margin of 12.0%. Cash, cash equivalents and short-term investments totaled R$2.0bn, an increase of R$256.0mm over 4Q06.
		Operating cost per ASK (CASK) decreased 11.3% from 14.73 cents (R$) in 1Q06 to 13.06 cents (R$) in 1Q07. Non-fuel CASK decreased 10.8% to 7.91 cents (R$) mainly due to lower selling expenses per ASK, fuel expenses per ASK and aircraft rent per ASK.
		RPKs increased 59.6% from 3,066mm in 1Q06 to 4,894mm in 1Q07. ASKs increased 61.5% from 4,340mm in 1Q06 to 7,010mm in 1Q07. Average load factor decreased 0.8 percentage points to 69.8% and average passenger yields decreased 26.4% to 19.93 cents (R$), resulting in a RASK of 14.85 cents (R$), a 25.3% decrease vs. 1Q06. Average fares decreased 21.8% from R$233.4 to R$182.6. Net revenues reached R$1.0bn, representing growth of 20.7%.
		GOL’s average market share of domestic and international regular air transportation in 1Q07 was 38.5% and 17.9%, respectively, up from 28.8% and 4.2% in 1Q06.
		On-time arrivals and flight completion averaged, respectively, 99% and 95% (internal data) during 1Q07. Passenger complaints and lost baggage per 1,000 passengers averaged 2.19 and 0.52, respectively. Sales through the GOL website represented 82.7% of total sales.
		In 1Q07, GOL added 22 new daily flight frequencies and launched one new international destination: Lima, Peru. In February GOL commenced direct flights from Santiago, Chile to Lima, Peru.. In April, GOL launched its 57th destination: Marabá, in Brazil’s Northern region.
		Two Boeing 737 NG aircraft were added to the fleet during 1Q07, increasing the total fleet to 67 aircraft. Another 737 NG will join the GOL fleet during 2Q07.

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	In April through its wholly-owned subsidiary GTI S.A., GOL acquired 100% of VRG Linhas Aereas S.A. (”VRG”), having obtained approval from the ANAC on April 4, 2007 to effect the transfer. On April 9, 2007, VRG became an operating subsidiary alongside GOL Transportes Aereos S.A (”GTA”). GTA will continue to invest in its unique low-cost operating model serving Brazil and South America. VRG will operate domestic and international air transportation services under the VARIG brand, offering differentiated services with a low-cost business model. The VRG fleet will consist of 14 737-300s and two 767-300s at the end of 2Q07
	A net quarterly interest on shareholders’ equity and dividend payment of R$73,7 mm (R$ 0,35 net per share and US$0,17 net per ADS) was approved at the March 16, 2007 Board Meeting to be paid on May 4, 2007 as interest on shareholders’ equity and dividends (to shareholders of record as of March 20, 2007).
	GOL’s shares presented average daily trading volumes of US$47.3 mm (R$97.4mm) during 1Q07, making GOL one of the most liquid stocks among airlines globally and among Brazilian public companies. GOL ADRs had an average daily trading volume of US$29.8mm during 1Q07, as compared to US$26.9mm in 1Q06. GOL’s PN shares had an average daily trading volume of R$36.0mm in 1Q07, compared to R$7.3mm in 1Q06.
	In February, GOL received five awards at the Ninth Annual IR Global Rankings (IRGR), which ranks and recognizes companies with the best investor relations practices. In total, 145 companies from 33 countries were considered in the ranking. GOL ranked number one in the category of “Disclosure Procedures” for the second consecutive year. In the IR Website category, the Company’s website was awarded the top prize in the industry and was Top 5 among Latin American websites. GOL’s Online Annual Report was also considered the best in Latin America and throughout the industry.
	GOL was ranked in Forbes Magazine’s annual list of the largest 2000 global companies. The magazine also named GOL one of five “Global High Performers” in the transportation industry. “Global High Performers” are an elite list of fast-growing large companies that set the pace for their respective industries.

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In the first quarter of 2007, GOL relied on its “virtuous cycle” to continue to popularize air travel in South America. During the quarter, GOL expanded its transportation capacity, launched international flights to the Peruvian market and substantially reduced its costs. GOL celebrated its sixth anniversary of operations in the best shape of its life, poised to embark on a new phase of accelerated growth. GOL’s acquisition of VRG provides unique opportunities to implement its proven low-cost strategies in a company with important route rights and a well-established brand. “Since we began operations in 2001, we have demonstrated market leadership and become a world reference in our industry. We will bring our revolutionary spirit to the long-haul market, changing the way intercontinental passengers fly, the same way we have been changing how Brazilians and South Americans fly over the last six years,“ commented Constantino de Oliveira Junior, GOL’s President and CEO.

Results in the first quarter of 2007 were impacted given the continued challenges caused by the external difficulties that affected the airline sector in Brazil. A high level of well-publicized flight cancellations, contributed to suppressed demand, producing lower than expected yields and load factors. Even in this challenging environment, in 1Q07 GOL reached record aircraft utilization rates while further reducing costs and maintaining market cost leadership. Passengers transported in 1Q07 increased 45.6% over 1Q06. GOL’s load factor decreased 0.8 percentage points to 69.8% . Aircraft utilization was at 15.0 block hours per day (increasing 4.2% over 1Q06). Operating costs per ASK, excluding fuel, decreased approximately 10.8% to 7.91 cents (R$). Fuel costs per available seat kilometer (ASK) decreased 12.1% year-over-year and helped to decrease total operating cost per seat kilometer (CASK) by 11.3% to 13.06 cents (R$). Cost reductions per ASK were driven by lower selling expenses, lower fuel expenses and lower aircraft rent expenses. “Our demonstrated ability to grow while continuing to reduce costs is a key success factor as we aggressively implement best practices into VRG’s operations, modernizing and standardizing the fleet, rejuvenating a 78-year old brand, and reducing operating and administrative costs”, added Richard Lark, GOL’s Executive Vice President and CFO.

In terms of future perspectives, besides maintaining high levels of productivity and profitability, short-term growth will be driven by the addition of new aircraft, new destinations and new frequencies. The addition of one Boeing 737 NG aircraft to the GTA fleet plus the addition of the VRG fleet in the second quarter of 2007 will increase 2Q07 ASKs by approximately 80%, as compared to GOL’s capacity in the same quarter of 2006.

GOL remains committed to its strategy of profitable expansion based on a low-cost structure and high quality customer service. “We are very proud that 60 million passengers have chosen to fly GOL, and we continue to make every effort to offer our customers the best in air travel: new, modern aircraft, frequent flights in major markets, an ever-expanding integrated route system and lower prices; all of which is made possible by our dedicated team of employees who are the key to our success," stated CEO Oliveira. “By remaining focused on our low-cost business model, while continuing to grow, innovate and provide the lowest fares through GOL and through VRG, we will continue to create value for our customers, employees and shareholders.”

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Net operating revenues, principally revenues from passenger transportation, increased 20.7% to R$1.0bn, primarily due to higher revenue passenger kilometers (RPK), offset by lower yields and load factors. In 1Q07, RPK growth was driven by a 38.6% increase in departures and 20.4% increase in stage length, offset by a 0.8 percentage point decrease in load factor to 69.8% . RPKs grew 59.6% to 4,894mm, and revenue passengers grew 45.6% to 5.3mm.

Average fares decreased 21.8% from R$233.37 to R$182.62 and yields decreased 26.4% to 19.93 cents (R$) per passenger kilometer, mainly due to a 20.4% increase in stage length.

Operating revenues per ASK (“RASK”) decreased 25.3% to R$14.85 cents in 1Q07 (compared to R$19.88 cents in 1Q06).

The 61.5% year-over-year capacity expansion, represented by ASKs, facilitated the addition of 22 new daily flight frequencies (including six night flights) and one new international destination in 1Q07. The addition of 22.8 average operating aircraft compared to 1Q06 (from 43.0 to 65.8 aircraft) drove the ASK increase.

The growth in RPKs resulted in a higher domestic market share for GOL, which averaged 38% during 1Q07, compared to 29% in 1Q06. Through its regular international flights to Buenos Aires, Cordoba and Rosario (Argentina), Santa Cruz de la Sierra (Bolivia), Montevideo (Uruguay), Asuncion (Paraguay), Santiago (Chile) and Lima (Peru), GOL achieved a sharp increase in year-over-year international market share to 18% (share of Brazilian airlines flying to international destinations) in the same period. Approximately 14.1% of GOL’s total RPKs were related to international passenger traffic.

Complementing net operating revenues, cargo transportation activities primarily contributed to the expansion of other operating revenues, increasing from R$33.2mm to R$65.9mm.

Total CASK decreased 11.3% to 13.07 cents (R$), due to lower selling expenses, a reduction in fuel prices and lower aircraft rent expenses per ASK. Operating expenses per ASK excluding fuel decreased by 10.8% to 7.91 cents (R$). Total operating expenses increased 43.3%, reaching R$916.2mm, due to higher fuel expenses, increased air traffic servicing expenses, higher maintenance expenses and the expansion of our operations (fleet and employee expansion and a higher volume of landing fees). The R$107.0mm increase in fuel expenses was due to an increase in fuel consumption and partially offset by lower fuel prices per liter. Breakeven load factor increased 9.1 percentage points to 61.4% vs. 52.3% in 1Q06.

Results from GOL’s operating expense (jet fuel price and USD exchange rate) hedging programs are accounted for in accordance with SFAS 133 (Statement of Financial Accounting Standards No 133), “Accounting for Derivatives and Hedging Activities.”

The breakdown of our costs and operational expenses for 1Q07, 1Q06 and 4Q06 is as follows:

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Aircraft fuel expenses per ASK decreased 12.1% over 1Q06 to 5.15 cents (R$), mainly due to lower fuel price per liter and a proportionally more fuel efficient fleet (additional larger, winglet-equipped 737-800 SFP aircraft in the fleet). The decrease in average fuel price per liter over 1Q06 was primarily due to a decrease of 8.4% on international crude oil (WTI) prices and a 4.2% decrease in Gulf Coast jet fuel prices, in addition to the 4.1% Brazilian Real appreciation against the U.S. Dollar (factors influencing the determination of Brazilian jet fuel prices). The Company has hedged approximately 60%, 25%, 25%, 10% and 10% of its fuel requirements for 2Q07, 3Q07, 4Q07, 1Q08 and 2Q08, respectively.

Salaries, wages and benefits expenses per available seat kilometer (ASK) remained flat at 1.88 cents (R$), as a 5% cost of living increase on salaries in December 2006 and a 60.2% increase in the number of full-time equivalent employees, to 9,595, related to planned 1Q07 and 2Q07 capacity expansion, was offset by productivity gains.

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Aircraft rent per ASK decreased 11.1% to 1.36 cents (R$) in 1Q07, primarily due to a high aircraft utilization rate (15.0 block hours per day and 6.0% more ASKs per aircraft), a 4.1% appreciation of the Brazilian Real against the U.S Dollar vs. 1Q06, and amortized gains on sale-leaseback transactions on eight 737-800 aircraft during 1Q07 (amortized over the term of the leases).

Sales and marketing expenses per ASK decreased 52.4% to 1.09 cents (R$) due primarily to a reduction in sales commissions effected during the quarter, and a higher aircraft utilization rate (6.0% more ASKs per aircraft). During the quarter, GOL booked a majority of its ticket sales through a combination of its website (82.7%) and its call center (11.1%) .

Landing fees per ASK increased 11.4% to 0.78 cents (R$), due to a 21% increase in landing tariffs and an increase in landings at international airports (with higher tariffs), partially offset by a 20.4% increase in average stage length and a higher aircraft utilization rate (6.0% more ASKs per aircraft).

Aircraft and traffic servicing expenses per ASK increased 13.7% to 0.83 cents (R$), mainly due to higher ground handling services expenses (landings increased 38.6%) and increases in consulting and technology services, partially offset by an increased average stage length and a higher aircraft utilization rate (15.0 block hours per day and 6.0% more ASKs per aircraft).

Maintenance, materials and repairs per ASK increased 10.0% to 0.66 cents (R$), primarily due to a higher number of scheduled maintenance services during 1Q07, partially offset by a 4.1% appreciation of the Brazilian Real against the U.S. Dollar. Main expenses during the quarter were related to the scheduled maintenance of seven engines in the amount of R$12.8mm; the use of spare parts inventory, in the amount of R$10.4mm and the repair of rotable materials in the amount of R$9.7mm.

Depreciation per ASK increased 41.4% to 0.41 cents (R$), due to a higher amount of fixed assets (mainly spare parts inventory) and an increase of R$3.3mm related to depreciation of four new 737-800 NG aircraft which entered the fleet in 4Q06 and 1Q07, and two 737-700 aircraft classified as capital leases.

Other operating expenses per ASK were 0.90 cents (R$), a 5.9% increase when compared to the same period of the previous year, due to an increase in travel expenses and lodging for flight crews due to cancelled flights and bad debt expenses. Insurance expenses, at 0.15 cents (R$) per ASK (R$10.4mm total) remained flat over 1Q06.

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The impact of a 5.03 cent (R$) RASK decrease partially offset by a CASK decrease of 1.67 cents (R$), resulted in a decrease of EBITDA per available seat kilometer to 2.20 cents (R$) in 1Q07. Compared to 4Q06, EBITDA per ASK decreased 2.2% . 1Q07 EBITDA totaled R$153.6 mm in the period compared to R$236.4mm in 1Q06 (a 35.0% decrease) and R$136.4mm in 4Q06 (a 12.8% increase).

Aircraft rent represents a significant operating expense for GOL. As GOL today leases most of its aircraft, we believe that EBITDAR, equivalent to EBITDA before aircraft rent expenses (which are USD-denominated) is a useful measure of relative operating performance for our investors and users of our financial statements. On a per available seat kilometer basis, EBITDAR was 3.56 cents (R$) in 1Q07,

______________________________
¹EBITDA (earnings before interest, taxes, depreciation and amortization) and EBITDAR (earnings before interest, taxes, depreciation, amortization and rent) are non-USGAAP measures and are presented as supplemental information because we believe they are useful indicators of our operating performance for our investors. We usually present EBITDAR, in addition to EBITDA, because aircraft leasing represents a significant operating expense of our business, and we believe the impact of this expense should be considered in addition to the impact of depreciation and amortization. However, neither figure should be considered in isolation, as a substitute for net income prepared in accordance with US GAAP, BR GAAP or as a measure of a company’s profitability. In addition, our calculations may not be comparable to other similarly titled measures of other companies.

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compared to 6.97 cents (R$) in 1Q06. EBITDAR amounted to R$248.9mm in 1Q07, compared to R$302.8mm in the same period last year and R$221.5mm in 4Q06.

Net financial income increased R$9.8mm. Interest expense increased R$23.8mm primarily due to an increase in long-term debt and a higher amount of short-term working capital debt related to increased operations. Interest income increased R$54.6mm primarily due to a higher volume of cash and short-term investments, and was partially offset by a 4.3 percentage point reduction in average Brazilian interest rates (as measured by the CDI rate).

Reported net income in 1Q07 was R$116.6mm, representing an 11.2% net income margin, vs. R$179.8mm of net income in 1Q06.

Reported net earnings per share, basic, were R$0.59 in 1Q07 compared to R$0.92 in 1Q06. Basic weighted average shares outstanding were 196,211,363 in 1Q07 and 195,959,922 in 1Q06. Reported net earnings per share, diluted, were R$0.59 in 1Q07 compared to R$0.92 in 1Q06. Fully-diluted weighted average shares outstanding were 196,271,519 in 1Q07 and 196,160,293 in 1Q06.

Reported net earnings per ADS, basic, were US$0.29 in 1Q07 compared to US$0.42 in 1Q06. Basic weighted average ADS outstanding were 196,211,363 in 1Q07 and 195,959,922 in 1Q06. Reported net earnings per ADS, diluted, were US$0.29 in 1Q07 compared to US$0.42 in 1Q06. Fully-diluted weighted average ADS outstanding were 196,271,519 in 1Q07 and 196,160,293 in 1Q06.

Based on GOL’s quarterly dividend policy for fiscal 2007, Management recommended payment to common and preferred shareholders of R$0.35 per share. The total payout approved for 1Q07 was R$73.7mm (R$68.7mm net of withholding tax – consisting of R$28.6mm paid as interest on shareholders’ equity and R$40.1mm paid in dividends, both to shareholders of record on March 20, 2007) equivalent to, approximately, R$0.3500 per share and US$0.1699 per ADS.

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Cash, cash equivalents and short-term investments increased R$256.0mm during 1Q07. Cash used in operating activities was R$25.8mm, mainly due to a reduction in air traffic liability (R$91.4mm), an increase in inventories (R$48.1mm), an increase in deposits with lessors (R$33.7mm) and a decrease in other liabilities (R$16.8mm), partially offset by income from operations (R$116.6mm) .

Net cash used in investing activities was R$188.5mm, consisting primarily of pre-delivery deposits (R$113.3mm) and acquisition of property and equipment (R$82.1mm), including aircraft of R$59.0mm.

Net cash provided by financing activities during 1Q07 was R$470.3mm, mainly due to a R$ 526.2mm increase in long-term borrowings related to the issuance of 7.5% Senior Notes maturing in 2017, partially offset by R$73.7mm in dividends paid.

1. Excluding R$81.6mm in 1Q07, R$(13.1)mm in 1Q06 and R$89.6mm in 4Q06 of cash invested in highly-liquid short-term investments with maturities above 90 days, as defined by SFAS 115.

The net cash position on March 31, 2007, was R$1,962.3mm, an increase of R$256.0 mm over 4Q06. The Company’s total liquidity was R$2,607.7mm (cash, short-term investments and accounts receivable) at the end of 1Q07. On March 31, 2007, the Company had 11 revolving lines of credit outstanding and the amount under these lines of credit was R$176.1mm.

GOL currently leases most of its aircraft, as well as airport terminal space, other airport facilities, office space and other equipment. On March 31, 2007, the Company leased 61 aircraft under operating leases with initial lease term expiration dates ranging from 2007 to 2018, and six aircraft under capitalized leases. Future minimum lease payments under leases are denominated in U.S. Dollars.

As of March 31, 2007, the Company had 75 firm orders (net of 12 already delivered) and 34 options to purchase new Boeing 737-800 Next Generation aircraft. The firm orders had an approximate value of US$5.3bn (based on aircraft list price) and are scheduled for delivery between 2007 and 2012. As of March 31, 2007, GOL has made deposits in the amount of US$269.4mm related to these orders.

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The following table provides a summary of our principal payments under long-term obligations, operating lease commitments, aircraft purchase commitments and other obligations as of March 31, 2007:

Expected fleet growth from 2007 to 2012 is as follows:

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GOL’s return indicators for the twelve-month period ended in each quarter:

GOL continues to invest in its successful low-cost, low-fare business model. We continue to evaluate opportunities to expand our operations by adding new flights in Brazil, as well as expanding into other high-traffic centers. We expect to benefit from economies of scale as we continue to add new aircraft to our already well-established and highly efficient operating network. We expect to reduce our non-fuel cost per available seat-kilometer (CASK) as we continue to reduce the age of our fleet, operate an even more fuel efficient fleet, benefit from the cost savings associated with our Aircraft Maintenance Facility, and improve upon our cost-efficient distribution channels. The acquisition of VRG presents opportunities to improve revenues through better customer segmentation and the addition of new income streams from domestic and international routes and ancillary revenues. Through the VARIG brand, VRG will provide an attractive service offering to business travelers in the domestic market and offer new services to high-traffic destinations in South America, Europe and North America.

The air passenger transportation market in Brazil remains largely under-penetrated, and increasing available seats at low fares is important for the continued development of the sector. Recent bottlenecks in the Brazilian air transport system are being resolved through investments at Brazil’s major airports and a recently-announced 20% increase in air traffic controllers this year. The scheduled addition of one aircraft to the GTA fleet in the second quarter of 2007 plus the VRG fleet, which will consist of 14 737-300s and two 767-300s at the end of 2Q07, will permit an 80% increase in available seat capacity over GOL’s capacity in 2Q06. For the second quarter of 2007, we expect load factors in the range of 71%, with passenger yields in the range of R$20 cents. For the second quarter, we expect non-fuel CASK to be in the range of R$8.2 cents. We expect that the incorporation of larger, more fuel-

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efficient aircraft and reductions in jet fuel prices will reduce our fuel costs per ASK by over 15% in 2Q07, in the y-o-y comparison. We expect a stable foreign exchange rate environment for the near term, supported by good economic fundamentals in the Brazilian economy.

In the full year 2007, we plan to increase revenues by over 60% while reducing unit costs by over 12%. We expect to stimulate air travel demand in the middle and lower income segments through our innovative payment mechanisms. We are confident that 2007 will be a record year as we continue to popularize passenger air transportation and expand our international operations.

Financial guidance for 2007 is based on planned capacity expansion and the expected high demand for our passenger transportation services, driven by strong Brazilian economic fundamentals and demand-stimulating low fares, and includes the acquisition of VRG. We plan to finish the year with 102 aircraft in the GTA and VRG fleets. Our planned ASK increase of approximately 80% will allow us to adequately serve expected passenger demand and add new routes and markets in Brazil, South America, Europe and North America. Average load factors for the year are expected to be in the 72% range; the reduction versus previous guidance primarily due to the incorporation of VRG’s flights. Passenger yields are expected to decrease approximately 8% in the full year 2007, primarily due to an increased stage length, and RASK in the full year comparison is expected to decrease approximately 12%. Our projections are for a 2007 full-year EPS in the range of R$4.20 to R$4.70, reflecting the impact of lower loads and yields. Full-year non-fuel CASK is expected to be in the R$8.1 cent range, representing a 12% reduction over 2006. Fuel costs per ASK are expected to decrease over 12% in the year, due to larger more fuel-efficient aircraft and lower fuel prices. Full-year operating margins are expected to be in the 20% range. We plan to continue to popularize air travel through expansion, technological innovation, improved operating efficiency, strict cost management, the lowest fares and high quality passenger service.

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Revenue passengers represents the total number of paying passengers flown on all flight segments.

Revenue passenger kilometers (RPK) represents the numbers of kilometers flown by revenue passengers.

Available seat kilometers (ASK) represents the aircraft seating capacity multiplied by the number of kilometers the seats are flown.

Load factor represents the percentage of aircraft seating capacity that is actually utilized (calculated by dividing RPK by ASK).

Breakeven load factor is the passenger load factor that will result in passenger revenues being equal to operating expenses.

Aircraft utilization represents the average number of block hours operated per day per aircraft for the total aircraft fleet.

Block hours refers to the elapsed time between an aircraft leaving an airport gate and arriving at an airport gate.

Yield per passenger kilometer represents the average amount one passenger pays to fly one kilometer.

Passenger revenue per available seat kilometer represents passenger revenue divided by available seat kilometers.

Operating revenue per available seat kilometer (RASK) represents operating revenues divided by available seat kilometers.

Average stage length represents the average number of kilometers flown per flight.

Operating expense per available seat kilometer (CASK) represents operating expenses divided by available seat kilometers.

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About GOL Linhas Aéreas Inteligentes

GOL Linhas Aéreas Inteligentes is one of the most profitable and fastest growing low-cost, low-fare airlines in the industry worldwide. GOL provides frequent service on routes connecting all of Brazil’s major cities as well as primary destinations in Argentina, Bolivia, Chile, Paraguay, Peru and Uruguay through its more than 630 daily flights to 57 major airports. GOL offers daily flights to more destinations in Brazil than any other domestic airline while providing customers with the most convenient flight schedules in the country. GOL operates a young, modern fleet of Boeing 737s, the safest and most comfortable aircraft of its class, with low maintenance, fuel and training costs, and high aircraft utilization and efficiency ratios. In addition to safe and reliable service, which stimulates GOL’s brand recognition and customer satisfaction, the Company’s single class of service is recognized as the best value proposition in the market. GOL’s growth plans include increasing frequencies in existing markets and adding service to additional markets in both Brazil and other high-traffic South American travel destinations. GOL shares are listed on the NYSE and the Bovespa. GOL: here everyone can fly!

For more information, flight times and fares, please access our site at www.voegol.com.br or call: 0300-789-2121 in Brazil, 0810-266-3131 in Argentina, 800-1001-21 in Bolivia, 0004 055 127 in Uruguay, 009 800 55 1 0007 in Paraguay, 1 888 0042 0090 or 1230 020 9104 in Chile, 0800 52 900 in Peru and 55 11 2125-3200 in other countries.

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.

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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.