SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN ISSUER 
PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

For the month of April 2023

(Commission File No. 001-32221)

GOL LINHAS AÉREAS INTELIGENTES S.A.

(Exact name of registrant as specified in its charter)

GOL INTELLIGENT AIRLINES INC.

(Translation of registrant’s name into English)

Praça Comandante Linneu Gomes, Portaria 3, Prédio 24
Jd. Aeroporto 
04630-000 São Paulo, São Paulo
Federative Republic of Brazil

(Address of registrant’s principal executive offices)

Indicate by check mark whether the registrant files or will file 
annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F ______

Indicate by check mark whether the registrant by furnishing the 
information contained in this Form is also thereby furnishing the 
information to the Commission pursuant to Rule 12g3-2(b) under 
the Securities Exchange Act of 1934. 

Yes ______ No ___X___

Conference Call Connection Details

1Q23 Conference Call Wednesday, April 26, 2023

Live Webcast Access at www.voegol.com.br/ir

	Earnings Report First Quarter 2023

GOL records recurring EBITDA of R$1.2 billion and margin of 25.2% in 1Q23

Recurring operating income of R$842 million and margin of 17.1%

1Q23 Highlights:

São Paulo, April 26, 2023 - GOL Linhas Aéreas Inteligentes S.A. (“GOL” or “Company”) (NYSE: GOL and B3: GOLL4), the largest domestic airline in Brazil, today announced its consolidated results for the first quarter of 2023 (1Q23). During the quarter, the Company concluded its tenth capital raise in the last three years, which led to a reduction of its short-term liabilities. The quarter also showed ongoing improvement in operating results which advanced GOL’s recovery process, and positioned the Company to make even further gains as growth in air travel continues.

Celso Ferrer, Chief Executive Officer, commented: “2023 is off to a strong start thanks to the excellent work and dedication of our Team of Eagles. During the quarter we delivered another sequential increase in our operating performance. We continue to add supply and with our disciplined approach to costs further drive higher levels of productivity. In January, we reached operating fleet utilization levels above 12 hours a day, a level last seen in 2019. As the market recovery continues, our objective is to increase annual average utilization and strengthen our low-cost operating model with our standardized fleet. We also successfully completed a transformative financial transaction that strengthens our capital structure, significantly reduces maturities over the next three years, and provides an additional source of liquidity to help drive our growth. I am extremely proud of the work of the Team of Eagles and how, together, we achieved another successful quarter, demonstrating extraordinary commitment to safety and to serving our Customers.”

All information in this release is presented in Reais (R$), in accordance with international accounting standards (IFRS) and with adjusted metrics, made available to enable comparison of this quarter with the same period of the previous year (1Q22). Adjusted (recurring) indicators exclude non-recurring expenses related to the quarter's results and are detailed in the respective tables.

Summary of the First Quarter 2023 Results (vs. 1Q22)

	Earnings Report First Quarter 2023

Management Comments

The initiatives that began last year to lower costs and deliver higher efficiency and productivity continue to deliver results. This is directly reflected in EBITDA margins consistently around 25%. We grew supply by 11% compared to 1Q22, a result of our efficient management and the ongoing initiatives to diversify revenues.

GOL is committed to maintaining its lower level of unit costs compared to the industry. The utilization of GOL’s operational fleet remained at a high level of performance reaching approximately 12 hours per day, an increase of 6.4% compared to 1Q22, while fuel consumption per hour of operation decreased by 2% in the same period. As capacity grows and the entire fleet resumes operations, the Company expects that with its low cost discipline and the commitment of its Team of Eagles to deliver best customer satisfaction, GOL can will further strengthen its competitive advantage in the market.

After concluding the placement of Senior Secured Notes due 2028, GOL has shifted its focus to the resumption of its operational fleet and optimization of cash flow that will promote a continuous cycle of financial deleveraging.

New Level of Revenues and Sales

The record level of revenue reflects the strength of underlying demand and continued momentum in sales from ancillary sources in addition to the loyalty of its Customers. The Company strengthened its main operational hubs, maintained its high margins and increased revenues in its SMILES and GOLLOG business units by 31% and 79% respectively versus the prior period of 1Q22.

The Company’s sales were R$5.4 billion, stable compared to 4Q22 and around 33% higher than in 1Q22. This was achieved even with the seasonal reduction in sales during the Carnival week, which was not observed in the previous year.

Revenue growth continues to be driven by strong demand from Customers. Advance bookings in the 1Q23 period were higher than in 1Q19, while Net Revenue per Available Seat Kilometer (RASK) increased 78% versus 1Q19 and was 38% higher versus 1Q22.

Improvement in business travel was led by demand from small and medium-sized businesses, whose bookings increased in 1Q23 and recovered compared to levels in 1Q19. The recovery in domestic corporate sales in the first quarter this year reached approximately 70% relative to 1Q19. International sales accelerated sequentially by 24%, and recovered to 1Q19 levels.

“We reached a new record yield per passenger this quarter, demonstrating the efficiency of our dynamic tariff management, which we achieved even with the relatively slow return of the large corporate segment. We are focused on continuously improving the Customer experience through incremental gains in operational efficiency and UX investments in our digital channels,” said Eduardo Bernardes, Chief Revenue Officer.

Cost Performance and Capacity Management

During 1Q23, GOL maintained stability in the availability of supply (ASKs) compared to 4Q22. Unit cost excluding fuel and freighter operations was 20.2 cents (R$), or 3.9 cents (US$), 7.4% higher compared to 4Q22. Unit cost was approximately 11% higher than in 1Q22 and 14.5% over 1Q19, mainly influenced by the adjustment of contracts indexed to inflation and network adjustments with higher point to point routes that resulted in a greater number of departures per ASK, contributing to the increase in variable costs.

During the quarter, the Company did not receive any new Boeing 737-MAX aircraft. GOL did, though, register a 2% marginal decrease in fuel consumption per hour operated. This resulted from a greater level of ASKs by the new technologies of the 737-MAX aircraft. GOL projects that for the coming quarters – subject to seasonal adjustments – it will achieve consecutive improvements in its productivity rates, driven by the entry of new aircraft in operation and the Company’s ongoing initiatives to reduce unit costs.

Ancillary Revenues in Accelerated Pace of Growth

During the first quarter of 2023, ancillary revenue was generated by the loyalty and cargo businesses and increased 84% versus 1Q22. This represented around 8% of GOL’s total net revenue.

	Earnings Report First Quarter 2023

SMILES, the largest loyalty program in the region, expanded its Customer base by more than 8% compared to 1Q22, with revenue growth of 21% to R$1.2 billion. SMILES has nearly 6 million Customers more than its closest competitor in Brazil.

In April 2023, the Company announced the launch of Smiles Viagens, a new travel agency which will enable Customers to customize tourism packages easily and effectively on a single platform. The new service enables Customers to create travel and leisure activity experiences and provides the opportunity to purchase complete packages (airfare, hotel, tours, etc.) with the added benefit of using GOL’s network which provide use of all the main airports in Brazil. The Company’s expectation is that Smiles Viagens will be one of the top 5 best and largest online travel agencies in Brazil within 5 years.

GOLLOG’s revenue grew by 80% compared to 1Q22, mainly due to Mercado Livre operations and the arrival of the third cargo aircraft for the operation. The exclusive agreement with MELI brings into service two additional aircraft by May 2023 bringing the total fleet to six cargo aircraft by year end. There is also the option to expand to a total fleet of 12 cargo aircraft, thereby providing the opportunity to boost revenue and the value of this business unit.

“Since the incorporation of SMILES, business synergies continue to evolve at an accelerated pace. In less than two years, SMILES has almost doubled its billing versus the pre-pandemic level, while the number of Customers has grown continuously. With the inauguration of Smiles Viagens, we intend to expand the already diversified source of ancillary revenue that the Company has achieved,” said Carla Fonseca, Director of Customer Experience and President of SMILES.

Liability Management Initiatives

In March 2023, GOL concluded the private placement of Senior Secured Notes maturing in 2028 (“SSN 2028") in the amount of up to US$1.4 billion to Abra Group, GOL’s controlling shareholder. In addition to the repurchase of bonds, the Company had deployed aproximately US$100 million by the end of 1Q23, out of the US$451 million in cash resources available from the issuance of the Notes.

As a result of the reduction in the principal amount of GOL’s Senior Notes maturing in 2024, 2025 and 2026 and Perpetual Bonds, by approximately US$1.1 billion (face value), the Company expects to decrease its interest payments by approximately US$30 million per year. GOL also increased the average maturity of its bonds by two years to around 4.4 years.

In March and April 2023, GOL completed an additional issuance of US$26 million, bringing the total issuance to US$222 million, in its Secured Amortizing Notes (“SANs”). The SANs were issued in exchange for full compliance, at 100% of face value, with certain aircraft lease payment obligations that are under deferral agreements, among other obligations, that participating aircraft lessors have elected to exchange for SANs.

With the conclusion of the issuance of the SSN 2028, GOL retired R$5.6 billion in debt, decreased net leverage boosted by the recovery of EBITDA. Including 7x leases, leverage decreased 1.6x compared to 4Q22 to 7.9x. Excluding the GOL SSN 2028, the Company’s financial leverage under IFRS-16 would be 4.6x.

Focus on Domestic Market and New Partnerships

The Company continues to act in a disciplined manner in managing supply and demand, as can be seen by higher load factors compared to pre-pandemic levels, even with capacity growth versus the 1Q22. In the Carnival holiday, GOL made available around 70,000 additional seats, mainly allocated to cities such as Salvador (SSA), Rio de Janeiro (GIG), Recife (REC) and Fortaleza (FOR). At the holiday peak, GOL’s network reached 789 daily take-offs, approximately 10% higher than during 1Q19.

In the domestic market, the Company increased routes and frequencies. At Congonhas Airport (CGH), one of Brazil’s most important, a GOL aircraft lands or takes off every four minutes, offering the best product and the most advantageous frequencies for its Customers, especially the corporate traveler. In the regional market, the Company began offering Boeing 737 flight in Juiz de Fora, which was previously operated by partners with smaller aircraft.

In the international market, GOL continues to resume its capacity by increasing supply in Argentina and the United States, and through new partnerships. The newest codeshare agreement is with TAAG Linhas Aéreas de Angola, the largest airline in Angola, which currently has five weekly flights to São Paulo and flies to 13 international destinations.

“We have achieved important results with disciplined capacity management, leveraged by the flexibility of our standardized fleet business model. This quarter we adjusted our Congonhas, Brasília and Rio de Janeiro network, in addition to expanding operations with our Boeing 737 aircraft in certain regional markets, seeking not only to offer a better product to our Customers, but also to boost our operational efficiency,” concluded Celso Ferrer.

Fleet Plan Updates

During 1Q23, the Company did not receive new Boeing 737-MAX 8 aircraft. GOL returned three Boeing 737-NG aircraft, as part of its fleet transformation plan which promotes its decarbonization objectives. On 03/31/2023, GOL had a fleet of 144 aircraft, which includes 38 737-MAX, 103 737-NG, and three Boeing 737-800BCF cargo.

	Earnings Report First Quarter 2023

ESG Developments

In 1Q23, GOL received the IEnvA Stage 2 certification and recorded an improvement in its CDP index, now with a B-rating.

In an important, innovative step in voluntary carbon neutralization by Customers, GOL now offers carbon offsetting when tickets are purchased on the Company's website. Since the launch of the partnership with MOSS in 2Q21, just over 13 thousand tons of carbon have been offset.

Developing greater literacy in Diversity, Equity and Inclusion (DEI) for the entire Team of Eagles has been achieved by embracing topics directly related to transgender people, autism spectrum disorder, the role of women in organizations, ethics and compliance.

Instituto GOL has 51 institutions in its portfolio, 19 of which are based on an educational pillar, which reinforces the current motto of the Company, which will launch a public notice in 2023 for institutions to submit their social projects.

	Earnings Report First Quarter 2023

Operational and Financial Indicators

(1) Source: Central Bank of Brazil; (2) Source: Bloomberg; (3) Fuel expenses excluding hedge results and PIS and COFINS/liters credits consumed; (4) Medium fleet excluding sub-leased aircraft and MRO aircraft. Some figures may differ from quarterly information - ITR due to rounding. (5) Excludes non-recurring expenses of approximately R$45 millions and costs related to the cargo aircraft of approximately R$40 millions

Domestic Market

Demand in the domestic market reached 8,424 million RPK, an increase of 6.2% compared to 1Q22.

Supply in the domestic market in turn reached 10,031 million ASK, representing an increase of 2.7% compared to 1Q22.

Load factor was 84.0% and the Company transported approximately 7.6 million Customers in 1Q23, an increase of 15.8% compared to the same quarter of the previous year.

International Market

The supply in the international market, measured in ASK, was 1,190 million and the demand (in RPK) was 926 million.

During this period GOL transported approximately 353,000 passengers in this market.

Volume of Departures and Total Seats

In 1Q23 the Company’s total volume of takeoffs was 57,015, representing an increase of 17% compared to 1Q22. The total number of seats available on the market was 9.8 million, representing an increase of 13.3% compared to the same period in 2022.

	Earnings Report First Quarter 2023

PRASK, RASK and Yield

Net PRASK in 1Q23 was 35.7% higher compared to 1Q22, reaching 40.43 cents (R$). The Company's net RASK was 43.85 cents (R$), representing an increase of 37.7% also compared to the same period of the previous year. Net yield recorded in 1Q23 was 48.52 cents (R$), resulting in an increase of 32% compared to 1Q22.

All profitability indicators for the quarter, described above, also showed significant evolution compared to the same period in 2019, demonstrating the Company's continued and efficient capacity management and pricing.

Income Statement

(1) Excludes unrealized gains and losses from esn/capped calls mark-to-market and gains and losses from exchange variation on debt. (2) Excludes net exchange and monetary variations. (3) Excludes effects of options and warrants related to ESNs. (4) Includes options effects and warrants related to ESNs. (5) Not applicable. there is no forecast of dilution of injury in international accounting standards (IFRS).

	Earnings Report First Quarter 2023

Net Revenue

Net operating revenue in the first quarter was a record R$4.9 billion, 52.8% higher than 1Q22 revenue and 53.2% higher than in 1Q19. Ancillary revenues totaled R$ 384 million, up 83.8% compared to1Q22 and about 7.8% of total net revenue in the first quarter of 2023, an increase of 1.3 p.p. versus 1Q22.

Operational Expenses

Recurring CASK in 1Q23 was 36.35 cents (R$), representing an increase of 20.9% when compared to 4Q21, mainly influenced by the high cost of fuel. The unit cost excluding fuel and cargo aircraft operations grew by 12%. Fuel unit cost grew by 32.0%, mainly due to the 25% increase in the price of jet fuel and a higher number of departures per ASK.

The cost indicators per ASK is described in this section and on a comparative basis. Explanations of the variations are based on the recurring reported figures.

(1) Excludes non-recurring expenses of approx. R$45 millions. Costs related to the operation of cargo aircraft of approx. R$40 millions.

Personnel expenses per ASK: lower by 9.6% due to the 11% higher ASKs and lower labor expenses, partially impacted by higher expenses related to variable crew remuneration due to increased supply and use.

Aviation fuel expenditures per ASK: higher by 32% due to a 25% increase in the price of aviation kerosene (QAV), higher takeoffs per ASK and alternate flights due to weather condition impacts, partially offset by higher ASKs being produced by Boeing 737-MAX aircraft and a consequent 2% reduction in fuel consumption per operated hour.

Landing and take-off fees per ASK: higher by 28%, due to the 17% increase in the number of takeoffs and resumption of international supply, as during 1Q22 the number of international flights was significantly smaller, partially offset by the 11% increase in ASKs.

	Earnings Report First Quarter 2023

Passenger expenses per ASK: higher by 31.4% mainly due to higher expenses with ramp services, handling and the purchase of capacity related to regional operations, partially offset by the 11% increase in ASKs in the period.

Provision of services per ASK: higher by 16.3% due to higher expenses with consulting and legal services and an increase in expenses with IT services, resulting from the 17.7% increase in the number of passengers transported in the period.

Commercial and advertising per ASK: higher by 23.3% due to higher expenses with commissions as a result of to the higher sales volume in the period and the investment in marketing actions, partially offset by the 12% ASKs in the period.

Maintenance and repair material per ASK: higher by 29.3%, as a result of higher investments in the maintenance of rotating parts to support the increase in operations and maintenance services during the beginning of the year to support the demand.

Depreciation and amortization per ASK: lower by 9.9% mainly due to the 11% increase in ASKs in the period.

Other revenues and expenses per ASK: higher by 83.6%, due to higher expenses with contingencies, partially offset by the 11% higher ASKs in the period.

Operating Results

Recurring EBIT recorded in 1Q23 was R$841 million, representing a recurring operating margin of 17.1%. On a per available seat kilometer basis, recurring EBIT reached 7.5 cents (R$).

Recurring EBITDA recorded in 1Q23 was R$1.238 million, representing a recurring margin of 25.2%. Recurring EBITDA on an available seat-kilometer basis in the period was 11.0 cents (R$).

(1) Excludes non-recurring results. *According to CVM Instruction No. 527. the Company presents the reconciliation of EBIT and EBITDA. according to which: EBIT = net income (loss) (+) taxes on income and social contributions (+) net financial result; and EBITDA = net income (loss) (+) taxes on income and social contributions (+) net financial result (+) depreciation and amortization. Some figures in the report may differ from quarterly information - ITR due to rounding.

Results of Hedge Operations

The Company uses hedge accounting for the purposes of accounting for some of its derivative instruments. In 1Q23, GOL recognized a loss of R$12.9 million in its hedging operations in the Company's financial results.

Fuel: GOL recognized net losses of R$11.5 million in its hedging operations to mitigate the Company's exposure to changes in the price of aviation fuel on the Company's financial results.

Interest: Transactions to protect the cash flow of future leasing contracts, whose installments are exposed to floating rate volatility, resulted in losses of R$1.4 million in financial results in 1Q23.

Income Tax

In 1Q23, the expense of Income Tax and Contributions was R$17.7 million, a decrease compared to 1Q22 due to the decrease in taxable income in the period.

	Earnings Report First Quarter 2023

Net Income and Earnings per Share

In 1Q23, the Company recorded net income of R$0.6 billion (and net gain of R$136.4 million excluding gains from net exchange variation of R$516.8 million, non-recurring net expenses of R$45.0 million, and variation of R$11.3 million related to the results of Exchangeable Notes and Capped Calls). This result represents earnings per share of R$1.48 and earnings per ADS of US$0.57.

(1) The difference between the amount presented and the amount disclosed in the income statement of the quarterly information – ITR for the period ended December 31. 2021. is allocated to the results of ESN and capped calls. (2) Considers the ratio of 35 common shares per preferred share. The number of diluted shares used for the calculation was 456.2 million in 4Q22. including the additional effects of converting ESNs into shares. (3) Considers the ratio of 2 preferred shares per ADS. (4) Earnings per share excludes the results of (i) net exchange variation; (ii) Exchangeable and capped calls; and (iii) non-recurring related. (5) Not applicable. there is no forecast of dilution of injury in international accounting standards (IFRS).

Cash Flow

Operating activities generated approximately R$0.3 billion in 1Q23 due to working capital initiatives and the higher cash flow from operations volume during the quarter.

Investment activities consumed approximately R$0.2 billion net in the quarter, mainly due to investments in parts inventory and engine maintenance to increase the operating fleet and supply.

Financing activities in 1Q23 consumed R$0.04 billion, mainly impacted by R$0.1 billion in loan payments and R$0.6 billion in lease payments.

	Earnings Report First Quarter 2023

Liquidity and Indebtedness

In 1Q23, the Company's total liquidity (cash and cash equivalents, financial investments, deposits and accounts receivables) was R$4.4 billion, an increase of approximately 36% compared to the same period a year earlier.

On March 31, 2023, GOL recorded a total of R$12.4 billion in Loans and financings, of which R$1.3 billion is current liabilities. The total lease liabilities recorded was R$10.5 billion (R$17.3 billion assuming 7x leases).

The gross debt recorded in 1Q23 was R$22.9 billion (R$29.6 billion assuming 7x leases), representing an increase of 10.5% and a decrease of 1.3% over 1Q22 and 4Q22, respectively. The adjusted net debt to recurring LTM EBITDA was 7.9x (including 7x leases) as of March 31, 2023. The average maturity of the Company's debt, excluding aircraft leases and perpetual bonds was 4.4 years. The average interest rate was 18.8% on Real-denominated debt and 12.6% on debt denominated in U.S. Dollars, excluding aircraft rental and perpetual bonus.

With the conclusion of the issuance of the SSN 2028. GOL extinguished R$5.6 billion in debt and net leverage decreased, driven by the recovery of EBITDA. Including 7x leases, leverage decreased 1.6x to 7.9x compared to 4Q22. Considering lease debt under IFRS16, the Company’s financial leverage was 6.0x and by excluding the SSN 2028, under IFRS-16 was 4.6x.

(1) Excluding perpetual notes and considering aircraft leases x 7 times. (2) Excluding non-recurring expenses and costs related to the operation of cargo aircraft

	Earnings Report First Quarter 2023

Financial Debt Amortization Schedule (in billions) ¹

Fleet

At the end of 1Q23, GOL’s total fleet was 144 Boeing 737 aircraft, of which 103 were NGs, 38 were MAXs and 3 were Cargo NGs. The Company’s fleet is 100% composed of medium-sized aircraft (narrowbodies), with 97% financed via operating leases and 3% financed via finance leases.

As of March 31, 2023, GOL had 103 firm orders for the acquisition of Boeing 737-MAX aircraft, of which 66 were for the 737-MAX 8 model and 37 for the 737-MAX 10 model. The Company's fleet plan provides for the return of four NGs by the end of 2023, with the flexibility to accelerate or reduce the volume of returns if necessary.

	Earnings Report First Quarter 2023

Outlook

GOL maintains its financial forecasts to reflect revisions in the level of supply expected for the 2023 in view of expectations of recovery in corporate demand and impacts on aircraft deliveries. To help investors and analysts understand how GOL addresses its near-term planning, the Company shares the following indicators:

(1) Cargo. loyalty. buy-on-board and other ancillary revenues; (2) Recurring operating results. excluding cargo aircraft; (3) Excluding currency gains and losses and Unrealized losses on Exchangeable Senior Notes; (4) Capex. net is calculated as gross capex (capitalized aircraft maintenance) less financed capex (credit facilities to finance assets and capitalized maintenance costs) ; (5) Including 7x annual aircraft lease payments and excluding perpetual bonds; and (6) Includes stock option exercises that may be issued from the stock option program and related to Exchangeable Senior Notes.

	Earnings Report First Quarter 2023

ESG Review

The managers dedicated to GOL’s ESG and Diversity, Equity & Inclusion (DEI) initiatives and programs provide reports and indicators directly to GOL's Senior Management. Its mission is to bring clarity and action to those initiatives, developing a clear and comprehensive plan to achieve objectives and monitoring initiatives already in progress.

In governance, 171 hours were devoted to fulfilling the matters that make up the Company's Corporate Governance, including forum meetings, committees and councils.

Focusing on environmental and social pillars, new footwear with an ecological footprint was developed for crews, composed of leather made from 100% recycled PET bottles and graphene soles, which provide greater resistance. The sneakers will bring lightness and comfort for employees in their day-to-day activities and 11 thousand pairs will be distributed to the teams that wear the GOL uniform.

	Earnings Report First Quarter 2023

Consolidated Income Statement

	Earnings Report First Quarter 2023

Consolidated Balance Sheets

	Earnings Report First Quarter 2023

Consolidated Cash Flow

	Earnings Report First Quarter 2023

Glossary of Industry Terms

	Earnings Report First Quarter 2023

Contact

Email: ir@voegol.com.br

Phone: +55 (11) 2128-4700

Website: www.voegol.com.br/ir

About GOL Linhas Aéreas Inteligentes S.A.

GOL is the largest airline in Brazil. leader in the corporate and leisure segments. Since it was founded in 2001. the Company has the lowest unit cost in Latin America. democratizing air transportation. The Company has alliances with American Airlines and Air France-KLM and makes available several codeshares and interline agreements available to Customers. bringing more convenience and simple connections to any place served by these partnerships. With the purpose of “Being the First for All”. GOL offers the best travel experience to its passengers. including: the largest number of seats and more space between seats; the greatest platform with internet. movies and live TV; and the best frequent-flyer program. SMILES. In cargo transportation. GOLLOG delivers orders to different regions in Brazil and abroad. The Company has a team of 13.7 thousand highly qualified aviation professionals focused on Safety. GOL’s #1 value. and operates a standardized fleet of 144 Boeing 737 aircraft. The Company's shares are traded on the NYSE (GOL) and the B3 (GOLL4). For further information. go to www.voegol.com.br/ir.

Disclaimer

This release contains forward-looking statements relating to the prospects of the business. estimates for operating and financial income (expenses). and those related to growth prospects of GOL. which are. by nature. subject to significant risks and uncertainties. The estimates and forecasts in this document involve known and unknown risks. uncertainties. contingencies and other factors. many of which are beyond GOL’s control. and which may lead the results. performances or events to be substantially different from those expressed or implied in these statements. The forward-looking statements in this document are based on several assumptions related to GOL’s current and future business strategies and GOL’s future operating environment and are not a guarantee of future performance. GOL does not issue any statement or provide any guarantee that the results anticipated by the estimates in this document will be equivalent to those achieved by GOL. Although GOL believes that the estimates here are reasonable. they may prove to be incorrect. and the results may be different. These are merely estimates and projections and. as such. are based exclusively on management's expectations for GOL. Such forward-looking statements depend. substantially. on external factors and risks presented in the disclosure documents filed by GOL. apply exclusively to the date they were issued and are. therefore. subject to change without prior notice.

Non-Accounting Measures

To be consistent with industry practice. GOL discloses so-called non-GAAP financial measures. which are not recognized under IFRS or U.S. GAAP. including “Net Debt”. “total liquidity” and "EBITDA". GOL’s Management believes that disclosure of non-GAAP measures provides useful information to investors. financial analysts and the public in their review of its operating performance and their comparison of its operating performance to the operating performance of other companies in the same industry and other industries. However. these non-GAAP items do not have standardized meanings and may not be directly comparable to similarly titled items adopted by other companies. Potential investors should not rely on information not recognized under IFRS as a substitute for the GAAP measures of earnings or liquidity in making an investment decision.

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: April 26, 2023