Observatory · observe first

Follow the allocation change

Matched S&P 500 members → sector → industry → sub-industry → company. Each step uses the same percentage points.

Historical time machine

Historical observation

20182026

Universe›Industrials›Passenger Airlines›Passenger Airlines

1 · Sector

Weight and 12M allocation change

Information Technology17.9%+7.76 pp Health Care16.6%+6.64 pp Financials15.9%+6.02 pp Industrials13.4%+5.24 pp Consumer Staples9.3%+4.44 pp Communication Services5.4%+3.44 pp Real Estate4.0%+2.04 pp Utilities3.9%+2.00 pp Materials2.9%+1.73 pp Energy3.6%+0.89 pp Consumer Discretionary7.2%-40.20 pp

2 · Industry

Inside Industrials

Aerospace & Defense5.20%+1.75 pp Industrial Conglomerates1.41%+0.71 pp Industrial Machinery & Supplies & Components0.95%+0.39 pp Rail Transportation0.97%+0.38 pp Human Resource & Employment Services0.56%+0.27 pp Environmental & Facilities Services0.47%+0.27 pp Construction Machinery & Heavy Transportation Equipment0.65%+0.25 pp Air Freight & Logistics0.77%+0.23 pp Building Products0.44%+0.19 pp Electrical Components & Equipment0.59%+0.19 pp Passenger Airlines0.48%+0.15 pp Research & Consulting Services0.24%+0.12 pp Agricultural & Farm Machinery0.27%+0.12 pp Diversified Support Services0.13%+0.10 pp Trading Companies & Distributors0.09%+0.04 pp Construction & Engineering0.08%+0.04 pp Data Processing & Outsourced Services0.08%+0.03 pp Cargo Ground Transportation0.06%+0.02 pp Heavy Electrical Equipment0.00%+0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.48%+0.155 pp

Concentrated

Most of this industry's gains came from a few companies.

View all contributions →

Passenger Airlines · weight

0.48%

Industry change · 12M

+0.15 pp

Passenger Airlines · contribution

+0.155 pp

Company participation

33%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 2019 · sorted by absolute contribution to 12-month change

Company	Country	Market cap	Universe weight	3M contribution	12M contribution	12M price return	Above 6M weight average
Delta Air Lines → DAL	United States	$37.6bn	0.205%	+0.008 pp	+0.074 pp	+1.5%	Yes
United Airlines Holdings → UAL	United States	$21.7bn	0.118%	-0.001 pp	+0.041 pp	-3.6%	No
Southwest Airlines → LUV	United States	$28.1bn	0.153%	+0.002 pp	+0.040 pp	-13.5%	No

Company contributions use weights among matched S&P 500 members and add through each level without rescaling. Companies without matched shares and prices are omitted. These observations do not establish official index weights or actual fund flows.