AMERICAN AIRLS GROUP INC

Ticker: AAL CUSIP: 02376R102 Class: COM

Carmignac Gestion's Holding History (CIK: 0001569758)

Note: Option positions (PUT/CALL) are excluded.

Q2 2017

Shares 4,223,251 Value ($000) $212,514 Avg Close $45.08 Range $39.53 - $50.42

Q1 2017

Shares 4,209,551 Value ($000) $178,064 Avg Close $43.78 Range $37.97 - $48.32

Q4 2016

Shares 3,180,765 Value ($000) $148,510 Avg Close $42.05 Range $35.02 - $48.94

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2017	4,223,251	$212,514	$45.08	$39.53 - $50.42
Q1 2017	4,209,551	$178,064	$43.78	$37.97 - $48.32
Q4 2016	3,180,765	$148,510	$42.05	$35.02 - $48.94