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

Consumer Discretionary53.6%+53.57 pp Information Technology13.3%+13.32 pp Health Care7.9%+7.89 pp Financials7.2%+7.19 pp Industrials6.2%+6.17 pp Consumer Staples3.6%+3.57 pp Communication Services2.4%+2.43 pp Materials1.6%+1.59 pp Real Estate1.5%+1.47 pp Energy1.2%+1.18 pp Utilities1.5%-98.38 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.14%+2.13 pp Industrial Machinery & Supplies & Components0.57%+0.57 pp Industrial Conglomerates0.54%+0.54 pp Rail Transportation0.45%+0.45 pp Air Freight & Logistics0.39%+0.39 pp Construction Machinery & Heavy Transportation Equipment0.38%+0.38 pp Electrical Components & Equipment0.32%+0.32 pp Building Products0.27%+0.27 pp Agricultural & Farm Machinery0.22%+0.22 pp Human Resource & Employment Services0.21%+0.21 pp Environmental & Facilities Services0.18%+0.18 pp Passenger Airlines0.16%+0.16 pp Research & Consulting Services0.09%+0.09 pp Trading Companies & Distributors0.07%+0.07 pp Diversified Support Services0.05%+0.05 pp Cargo Ground Transportation0.05%+0.05 pp Construction & Engineering0.05%+0.05 pp Data Processing & Outsourced Services0.03%+0.03 pp Heavy Electrical Equipment0.00%+0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.16%+0.160 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.16%

Industry change · 12M

+0.16 pp

Passenger Airlines · contribution

+0.160 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2021 · 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
Southwest Airlines → LUV	United States	$34.3bn	0.069%	-0.048 pp	+0.069 pp	+26.3%	No
Delta Air Lines → DAL	United States	$30.6bn	0.061%	-0.048 pp	+0.061 pp	+3.9%	No
United Airlines Holdings → UAL	United States	$15.3bn	0.031%	-0.025 pp	+0.031 pp	-14.5%	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.