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GOL announces Investor Update Share this article SÃO PAULO, April 29, 2021 /PRNewswire/   GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), ( GOL or Company ), Brazil s largest domestic airline, provides an Investor Update. All information is presented in Brazilian Reais (R$). The information below is preliminary and unaudited. Historically, the 2nd quarter of the year is a transition period to low season demand and due to the worsening of the pandemic and the increase in restrictions of circulation imposed by states, GOL s current capacity planning scenario assumes a 40% reduction in 2Q21 compared to 1Q21. To adapt operating costs to current levels of sales and demand, GOL will operate 63 aircraft in its network, which will represent 70% of the average fleet operated at the end of 4Q20 and 377% or 3.8x higher compared to the same quarter of 2020. Revenue for the quarter ended June 2021 is expected to decrease approximately 35% compared to the quarter end

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