New York, NY, October 7, 2015 – American Airlines Group Inc. (NASD:AAL) will replace Con-way Inc. (NYSE:CNW) in the Dow Jones Transportation Average after the close of trading on Wednesday, October 14. The change will be effective with the opening of trading on Thursday, October 15. The index change was prompted by the pending acquisition of Con-way by XPO Logistics Inc. (NYSE:XPO). This change will increase the weighting of airlines in the index, reflecting the larger total market capitalization of companies in that sub industry group relative to the trucking sub-industry group.
American Airlines Group, headquartered in Fort Worth, TX, is the holding company for American Airlines and US Airways.
The change won’t cause any disruption in the level of the Indices. The divisor used to calculate the Indices from their components’ prices on their respective home exchanges will be changed prior to the opening on October 15. This procedure prevents any distortion in the indices’ reflection of the portion of the U.S. stock market they are designed to measure.
For more information, please visit http://www.djaverages.com. The Dow Jones Industrial Average, Dow Jones Utility Average and Dow Jones Composite Average also are members of the Dow Jones Averages family.
Following is a summary of the change:
|DOW JONES TRANSPORTATION AVERAGE – October 14, 2015|
|COMPANY||GICS ECONOMIC SECTOR||GICS INDUSTRY GROUP|
|ADDED||American Airlines Group||Industrials||Transportation|
Additions to and deletions from S&P Dow Jones Indices do not in any way reflect an opinion on the investment merits of the companies involved.