NEW YORK, Nov. 29, 2011 (GLOBE NEWSWIRE) -- Alaska Air Group Inc. will be added to the Dow Jones Transportation Average, Dow Jones Indexes, a leading global index provider, announced today.
Alaska Air Group (NYSE:ALK) will replace AMR Corp. (NYSE:AMR), which today filed for Chapter 11 bankruptcy protection and will be removed from the 20-component Dow Jones Transportation Average. AMR, the parent company of American Airlines Inc., had been a member of the Dow Jones Transportation Average since 1982; American Airlines was added to the Dow Jones Transportation Average in 1970.
Through its Alaska Airlines and Horizon Air subsidiaries, Alaska Air Group serves 90 cities through an expansive network in Alaska, the lower 48 U.S. states, Hawaii, Canada and Mexico.
All changes in the Dow Jones Transportation Average will be effective before the open of trading on Friday, December 2, 2011.
The Dow Jones Transportation Average is the oldest U.S. stock index, tracing its roots to 1894, two years before the Dow Jones Industrial Average was founded. In addition to the aforementioned averages, other members of the Dow Jones Averages family include The Europe Dow, The Asia Dow, The Dow Jones Utility Average, The Dow Jones Composite Average and The Global Dow.
Company additions to, and deletions from, the Dow Jones Transportation Average do not in any way reflect an opinion on the investment merits of the companies.
Journalists may e-mail questions regarding this press release or contact Dow Jones Indexes press office.
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name for CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (www.newscorp.com).
"Dow Jones®", "Dow Jones Indexes", "Dow Jones Averages" and all other index names listed above are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and have been licensed for use by CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones Transportation Average are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a company in the Dow Jones Transportation Average does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such company. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
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