American Airlines Removed from Dow Jones Transportation Average June 1
AAL•American Airlines Group will be removed from the Dow Jones Transportation Average on June 1, 2026, replaced by spin-off FedEx Freight Holding Company. American Airlines holds under 0.5% weight in the price-weighted index, prompting a divisor adjustment to prevent distortion.
1. Index Composition Change
On June 1, 2026, American Airlines Group will be deleted from the Dow Jones Transportation Average and replaced by FedEx Freight Holding Company following the completion of the spin-off transaction.
2. American Airlines' Index Weight and Impact
American Airlines currently represents less than 0.5% of the DJTA due to its low share price, giving it minimal influence on the price-weighted index yet affecting passive fund allocations upon removal.
3. Divisor Adjustment to Maintain Index Integrity
Prior to trading on June 1, the index divisor will be recalculated to offset the component swap and ensure the DJTA continues to accurately reflect the performance of its underlying transportation stocks.
4. FedEx Spin-Off Background
FedEx Corp. is set to complete the spin-off of FedEx Freight Holding Company on the same date, with the new entity joining its parent in the DJTA under the Cargo Ground Transportation industry classification.




