GOL Linhas Aereas Inteligentes S.A. reported preliminary operating results for the month and year to date ended December 2016. For the month, the company reported volume of departures in the total system decreased by 19.0%, while the number of seats recorded an 18.8% decline in the month, resulting in a 5.7% reduction in the total supply. Domestic demand reduced 3.5% in the month, reaching a load factor of 79.5%, 1.5 p.p. up on December 2015. International  market  supply  and  demand  fell  by  8.9%  and  5.8%, respectively,  with  load factor of 74.1%, which represents an increase of 2.4 p.p. in comparison to the same period of 2015. For the year to date, the company reported volume of departures in the total system reduced by 17.2% and 16.9% respectively, leading to capacity in ASK terms to be 6.9% lower than 2015. Domestic demand was 5.5% lower, accompanied by a stable load factor of 78.0%. Supply declined by 17.0% while demand decreased by 13.6%, reaching a load factor of 74.6%, up by 2.9 p.p.