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GOL Announces December 2009 Traffic Figures

São Paulo, January 8, 2010 – GOL Linhas Aéreas Inteligentes S.A. (BM&FBOVESPA: GOLL4 and NYSE: GOL), Latin America’s -cost and low-farelargest airline, announceslow its preliminary traffic figures for December 2009.

Management Comments

In December, air traffic demand grew by 34.8% GOL’s in relation to the same period last year, reflecting both the company’s better positioning in its markets in 2009 (higher frequency and regularity between Brazil’s airports,main strong cost advantages, the revitalization of SMILES, Latin America’s largest mileage program, and other factors), and increased demand, which was driven primarily by Brazil’s economy recovery signs.

Consequently, domestic market demand grew by 36.2% in relation to December 2008, and by 14.7% in relation to November 2009, reflecting the seasonal increase in demand, given the fact that the summer high season begins in December and the higher number of days in the month (30 days in November, versus 31 in December). Average daily demand was 11.0% higher in relation to the same period.

International demand was up 23.9% in relation to December 2008, mainly reflecting the adjustments to the Company’s international network, which sought to improve this segment’s profitability new routes between Brazil and the Caribbean with flights to Aruba and Curaçao, and the adjustments to the frequency of flights to Argentina, Colombia, Chile, Bolivia and Venezuela. In addition, international traffic benefited from the decline in the U.S. dollar exchange rate and the economy recovery in Brazil and South America. International traffic also recorded nominal growth of 17.5% in relation to November, impacted by seasonality and the higher number of days in the month (average daily traffic rose 13.7%) .

As a result, in December of 2009, GOL registered a total load factor of 76.3% . The load factor was 77.1% in the domestic market and 70.3% in the international market. The load factor in the international market was 21.4 percentage points higher than the 48.9% posted in December 2008, and 5.7 p.p. higher than the 64.6% in November 2009.

GOL has been maintaining its disciplined strategy of expanding capacity in order to maximize its operating income. In December, the company expanded its domestic capacity by 19.3%, while demand

increased by 36.2% . This strategy was clearly more effective in the international market, where GOL contracted its capacity by 13.9%, while demand increased by 23.9% .

As a result of the gradual recovery in yields following the scenario of increased price competition, net yield showed recovery once again in December, reaching slightly more than R$19.00 cents. This brought the net yield to approximately R$18.00 cents in the fourth quarter of 2009 and to just above R$20.00 cents in the whole of 2009.

(1) Available seat kilometers (ASK) is the sum of the products obtained by multiplying the number of seats available on each flight stage by the distance of the average flight stage.
(2) Revenue passenger kilometers (RPK) is the sum of the products obtained by multiplying the number of revenue passengers carried on each flight stage by the average stage distance.
(3) Load factor is the percentage of aircraft seating capacity effectively used, which is calculated by dividing the number of passenger-kilometers flown by the number of seat-kilometers available.

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.