Headlines
- American Airlines (NASDAQ:AAL) will be removed from the S&P 500 on September 23 and will join the S&P MidCap 400 index.
- The move reflects a significant decline in AAL’s market capitalization, which has dropped from approximately $37 billion in December 2014 to $7.1 billion as of September 16, 2024.
- Following this change, Delta Air Lines, United Airlines, and Southwest Airlines will be the only airline stocks remaining in the S&P 500.
American Airlines (AAL) will no longer be part of the S&P 500 index starting September 23. Instead, the airline will transition to the S&P MidCap 400 indexThis adjustment is part of the S&P 500 index’s regular quarterly review and highlights AAL’s reduction in market capitalization over timeAs of September 16, 2024, AAL's market capitalization stands at $7.1 billion, a sharp decline from around $37 billion in December 2014.
After September 23, the S&P 500 will feature only three airline stocks: Delta Air Lines, United Airlines, and Southwest AirlinesThe decrease in AAL’s market cap and its removal from the S&P 500 are not unexpected, considering the recent performance of its stockOver the past year, AAL shares have experienced a significant decline and have lagged behind both its industry peers and the remaining airline stocks in the index.