NEW YORK, Oct. 7, 2015 /PRNewswire/ -- 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
|
|
DELETED
|
Con-way
|
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.
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SOURCE S&P Dow Jones Indices