GOL announces Investor Update

São Paulo, January 8, 2020 - GOL Linhas Aéreas Inteligentes S.A. (NYSE: GOL and B3: GOLL4), Brazil's premier domestic airline, provides its Investor Update. The information below for the quarter ended in December 2019 is preliminary and unaudited. For comparison purposes, fourth quarter 2018 results were adjusted in accordance with IFRS 16.

1. Excluding gains and losses on currency and Exchangeable Senior Notes.