GOL Reports Net Revenues of R$1.1bn and EPS of R$0.97 for 3Q06

SAO PAULO, Brazil, Oct. 30 /PRNewswire-FirstCall/ -- GOL Linhas Aereas Inteligentes S.A. (NYSE: GOL; Bovespa: GOLL4), Brazil's low-cost, low-fare airline, today announced financial results for the third quarter of 2006 (3Q06). 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 third quarter of 2005 (3Q05).

    OPERATIONAL & FINANCIAL HIGHLIGHTS

    -- Net income for the quarter was R$190.0mm (US$87.6mm), representing a
       17.5% net margin.  Earnings per share (EPS) was R$0.97 and earnings per
       ADS increased 41% to US$0.45.
    -- Operating income increased 27.2% to R$233.1mm, representing an EBIT
       margin of 21.5%.  Net cash from operations increased by 75% to R$
       316.1mm. Cash, cash equivalents and short-term investments totaled
       R$1,606.2mm.
    -- Operating cost per ASK (CASK) increased 13.2% from 14.41 cents (R$) in
       3Q05 to 16.31 cents (R$) in 3Q06.  Non-fuel CASK increased 10.3% to
       9.44 cents (R$).
    -- RPKs increased 56.3% from 2,627mm in 3Q05 to 4,107mm in 3Q06.  ASKs
       increased 46.1% from 3,565mm in 3Q05 to 5,210mm in 3Q06.  Average load
       factor increased 5.1 percentage points to 78.8%.  Average fares
       increased 11.7% from R$195 to R$217.  Net revenues totaled R$1.1bn,
       representing growth of 55.5%.  GOL's domestic and international regular
       air transportation market-shares at the end of 3Q06 were 36% and 13%.
    -- A net quarterly dividend payment of R$60.8mm (R$ 0.2939 net per share
       and US$0.1355 net per ADS) was approved at the September 15, 2006, and
       October 27, 2006, Board Meetings to be paid on November 14, 2006, as
       interest on shareholders' equity and on December 26, 2006, as
       complementary dividends.
    -- On-time arrivals and flight completion averaged 98% and 92% (ANAC)
       respectively, during 3Q06.

    3Q06 Earnings Results Webcast

     Tuesday, October 31, 2006

     In English
     09:00 a.m. US EST
     11:00 a.m. Brasilia Time
     Phone: +1 (973) 935-8751
     Replay: +1 (973) 341-3080
     Code: 7990827

     In Portuguese
     10:30 a.m. US EST
     12:30 p.m. Brasilia Time
     Phone: +55 (11) 2101-4848
     Replay: +55 (11) 2101-4848
     Code: GOL

For further information please visit our website http://www.voegol.com.br/ir