S&P Dow Jones Indices to Swap FedEx Freight for American Airlines on June 1
SPGI•S&P Dow Jones Indices will replace American Airlines Group with FedEx Freight Holding Company in the Dow Jones Transportation Average effective June 1, 2026. The DJTA’s price-weighted divisor will be adjusted before market open to prevent any distortion in index levels.
1. Index Component Update
Effective June 1, 2026, S&P Dow Jones Indices will remove American Airlines Group and add FedEx Freight Holding Company to the Dow Jones Transportation Average following FedEx Corp’s spin-off of its freight unit.
2. Divisor Recalculation Procedure
To maintain accurate price-weighted index levels, the DJTA divisor will be revised prior to market open on June 1, with the new divisor published in end-of-day index files starting May 29.
3. Implications for S&P Dow Jones Indices
Routine component adjustments support the integrity of over 200 global indices managed by the provider and underpin licensing revenues earned from index-based products used by asset managers worldwide.
