SOUTHWEST AIRLS CO

Ticker: LUV CUSIP: 844741108 Class: COM

COBALT CAPITAL MANAGEMENT, INC.'s Holding History (CIK: 0001086762)

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

Q1 2016

Shares 222,349 Value ($000) $9,961 Avg Close $36.21 Range $30.19 - $40.43

Q4 2015

Shares 235,000 Value ($000) $10,119 Avg Close $39.33 Range $32.85 - $45.58

Q3 2015

Shares 929,400 Value ($000) $35,354 Avg Close $32.73 Range $27.79 - $36.28

Q2 2015

Shares 720,000 Value ($000) $23,825 Avg Close $34.60 Range $29.26 - $39.08

Q1 2015

Shares 437,500 Value ($000) $19,381 Avg Close $38.60 Range $33.79 - $41.66

Q4 2014

Shares 611,200 Value ($000) $25,866 Avg Close $32.93 Range $25.04 - $38.14

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2016	222,349	$9,961	$36.21	$30.19 - $40.43
Q4 2015	235,000	$10,119	$39.33	$32.85 - $45.58
Q3 2015	929,400	$35,354	$32.73	$27.79 - $36.28
Q2 2015	720,000	$23,825	$34.60	$29.26 - $39.08
Q1 2015	437,500	$19,381	$38.60	$33.79 - $41.66
Q4 2014	611,200	$25,866	$32.93	$25.04 - $38.14