Notice To Holders Of American Airlines Group Series A Convertible Preferred Stock Regarding Second Mandatory Conversion Date

FORT WORTH, Texas, Feb. 7, 2014 /PRNewswire/ — American Airlines Group Inc. (the “Company”) today provided the following notice to holders of its Series A Convertible Preferred Stock (NASDAQ: AALCP) (the “Convertible Preferred Stock”) pursuant to Section 5.1 of the Certificate of Designations governing the terms of the Convertible Preferred Stock. Capitalized terms not otherwise defined in this notice have the meaning set forth in the Certificate of Designations.

41,963,700 shares of Convertible Preferred Stock will be converted into shares of Common Stock (NASDAQ: AAL) as of the close of business on February 7, 2014. By operation of the mandatory conversion mechanism contained in the Certificate of Designations, each holder will have approximately 39.73 percent of its shares of Convertible Preferred Stock mandatorily converted.

The Conversion Price used for determining the number of shares of Common Stock issuable upon conversion of the Convertible Preferred Stock is $32.7136. For each $1,000 in Stated Value of Convertible Preferred Stock mandatorily converted, Holders will receive 30.56 shares of Common Stock. Stated a different way, each share of Convertible Preferred Stock mandatorily converted will be converted into 0.7722 shares of Common Stock, subject to rounding.

The Depository Trust & Clearing Corporation (DTCC) will be processing the conversion on their systems on the morning of February 10, 2014.

The next Mandatory Conversion Date will occur on March 9, 2014. An additional 41,963,700 shares of Convertible Preferred will convert to Common Stock on that Mandatory Conversion Date. The conversion ratio will be determined based on the volume weighted average price of AAL for the five trading days prior to March 9, 2014.

The second Optional Conversion Period will commence on February 13, 2014.

Additional Common Stock Distributions

Pursuant to Section 4.5 of the Company’s Fourth Amended Joint Plan of Reorganization (the “Plan”), holders of AMR common stock (formerly traded under the symbol: “AAMRQ”) who received an initial distribution of shares of AAL in connection with the effective date of the Plan will receive, for each share of AMR common stock previously owned, a distribution of approximately 0.1750 shares of AAL on or about February 10, 2014. AAMRQ holders may in the future receive additional distributions based on the trading price of AAL common stock during the 120 day period after the effective date and the total amount of allowed claims, in each case, in accordance with the terms of the Plan.

Pursuant to Section 5.15 of the Plan, holders of convertible notes who elected to be treated as if they had converted their notes to AMR common stock prior to the effective date will also receive a distribution of shares of AAL. Individuals who held AMR’s 6.25% Convertible Senior Notes due 2014 and elected to be treated as if they held AMR common stock will receive 17.1795 shares of AAL for each $1,000 of principal amount thereof, and individuals who held AMR’s 4.5% Convertible Senior Notes due 2024 and elected to be treated as if they held AMR common stock will receive 8.000 shares of AAL for each $1,000 of principal amount thereof, in each case on or about February 10, 2014.

Also pursuant to the Plan, 1.2756 million shares are being distributed as part of the Labor Common Stock Allocation (as defined in the Plan).

Additional Information and Where to Find It

For questions about distributions under the Plan, please visit www.amrcaseinfo.com.

For information about American Airlines Group Inc., including financial information, corporate governance and its SEC filings, please visit www.aa.com/investorrelations.