GOL Projects Positive Operating Margin, Between 3% and 6% for 2014

The projection reiterates the strategy of rationalization of the Company's domestic supply and expansion of international routes.

The Company estimates a positive operating result for the year of 2014, with an operating margin of between 3% and 6%.

Due to the impact of an adverse macroeconomic scenario, the financial projections of the Company may be reviewed quarterly to incorporate the evolution of its operating performance, financial trends and possible changes in interest rate, foreign exchange, GDP and oil (WTI and Brent).

Website: www.voegol.com.br/ir