Northwest Airlines Corporation Celebrates Listing on NYSE and Emergence from Bankruptcy
May 31st, 2007 Leave a comment Visited 30 times, 1 so far today
Northwest Airlines Corporation Celebrates Listing on NYSE and Emergence from Bankruptcy
16th airline sector listing on the NYSE
Total market cap of all NYSE-listed airline companies surpasses $66 billion
Today, Northwest Airlines Corporation rang The Opening BellSM at the New York Stock Exchange, a subsidiary of NYSE Euronext (NYSE: NYX), to celebrate the company’s listing on the NYSE and emergence from bankruptcy.
“We extend a warm welcome to Northwest Airlines Corporation as it joins our family of NYSE-listed companies,” said NYSE Euronext CEO and Director John A. Thain. “We look forward to a strong and lasting partnership with the company and to providing them with the superior market quality and unsurpassed brand visibility of the New York Stock Exchange.”
Northwest Airlines, one of the world’s largest airlines with a market cap of $7.1 billion, began regular-way trading today on the NYSE under the ticker symbol “NWA.”
Northwest Airlines joins other NYSE-listed companies in the airline sector including Delta Air Lines (NYSE: DAL) which celebrated its re-listing on May 3 after successfully emerging from bankruptcy. Other NYSE-listed airline companies include Southwest Airlines Co. (NYSE: LUV) with a market cap of $12 billion and Air France KLM (NYSE: AKH) with a market cap of $11.5 billion. This brings the total number of airlines companies listed on the NYSE to 16 with a total market cap of over $66 billion. For more information on NYSE-listed please visit http://www.nyse.com/airlines.
“Northwest Airlines is pleased to be trading once again on the NYSE,” said Doug Steenland, Northwest Airlines President and Chief Executive Officer. “It is appropriate that we trade in the market under the ticker symbol “NWA” which is the well-known symbol for Northwest Airlines which our customers see on our aircraft, at the airport, on our web site, and now investors will recognize it as it crosses the ticker tape at the New York Stock Exchange.”
About Northwest Airlines Corporation
Northwest Airlines is one of the world’s largest airlines with hubs at Detroit, Minneapolis/St. Paul, Memphis, Tokyo and Amsterdam, and approximately 1,400 daily departures. Northwest is a member of SkyTeam, an airline alliance that offers customers one of the world’s most extensive global networks. Northwest and its travel partners serve more than 900 cities in excess of 160 countries on six continents.
About NYSE Euronext
NYSE Euronext, a holding company created by the combination of NYSE Group, Inc. and Euronext N.V., commenced trading on April 4, 2007. NYSE Euronext (NYSE Euronext: NYX) operates the world’s largest and most liquid exchange group and offers the most diverse array of financial products and services. NYSE Euronext, which brings together six cash equities exchanges in five countries and six derivatives exchanges in six countries, is a world leader for listings, trading in cash equities, equity and interest rate derivatives, bonds and the distribution of market data. Representing a combined $28.5 trillion/€21.5 trillion total market capitalization of listed companies and average daily trading value of approximately $123.4 billion/€92.4 billion (as of March 31, 2007), NYSE Euronext seeks to provide the highest standards of market quality and integrity, innovative products and services to investors, issuers, and all users of its markets.
Cautionary Note Regarding Forward-Looking Statements
This press release may contain forward-looking statements, including forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning NYSE Euronext’s plans, objectives, expectations and intentions and other statements that are not historical or current facts. Forward-looking statements are based on NYSE Euronext’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause NYSE Euronext’s results to differ materially from current expectations include, but are not limited to: NYSE Euronext’s ability to implement its strategic initiatives, economic, political and market conditions and fluctuations, government and industry regulation, interest rate risk and U.S. and global competition, and other factors detailed in NYSE Euronext Registration Statement (document de base) filed with the French Autorité des Marchés Financiers (Registered on November 30, 2006 under No. 06-0184), 2006 Annual Report on Form 10-K, as amended, and other periodic reports filed with the U.S. Securities and Exchange Commission or the French Autorité des Marchés Financiers. In addition, these statements are based on a number of assumptions that are subject to change. Accordingly, actual results may be materially higher or lower than those projected. The inclusion of such projections herein should not be regarded as a representation by NYSE Euronext that the projections will prove to be correct. This press release speaks only as of this date. NYSE Euronext disclaims any duty to update the information herein.
Contacts
NYSE Euronext
Allison Circle, 212-656-5717
acircle {at} nyse(.)com
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