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American Airlines will be removed from the S&P 500 index before market open on Monday, September 23rd. The airline will be reassigned to the S&P MidCap 400.
This change reflects the market's valuation of the company rather than an assessment by S&P. American Airlines currently has a market capitalization of approximately $7 billion.
In comparison, United Airlines, which faced similar bankruptcy risks during the pandemic and has made significant new aircraft commitments, holds a market cap of $15 billion. Delta Air Lines stands at $27 billion, while Alaska Airlines is valued at nearly $5 billion.
