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 Technology27.5%+27.47 pp Health Care16.1%+16.09 pp Industrials11.8%+11.83 pp Consumer Discretionary7.3%+7.33 pp Consumer Staples7.0%+6.99 pp Communication Services4.3%+4.28 pp Materials3.2%+3.15 pp Real Estate3.1%+3.13 pp Utilities3.0%+2.99 pp Energy2.3%+2.34 pp Financials14.3%-85.61 pp

2 · Industry

Inside Industrials

Aerospace & Defense4.02%+4.02 pp Industrial Machinery & Supplies & Components1.09%+1.08 pp Industrial Conglomerates0.96%+0.96 pp Rail Transportation0.89%+0.89 pp Air Freight & Logistics0.73%+0.73 pp Electrical Components & Equipment0.63%+0.63 pp Construction Machinery & Heavy Transportation Equipment0.60%+0.60 pp Building Products0.58%+0.58 pp Human Resource & Employment Services0.44%+0.44 pp Environmental & Facilities Services0.42%+0.42 pp Agricultural & Farm Machinery0.36%+0.36 pp Passenger Airlines0.26%+0.26 pp Research & Consulting Services0.22%+0.22 pp Trading Companies & Distributors0.14%+0.14 pp Cargo Ground Transportation0.12%+0.12 pp Diversified Support Services0.11%+0.11 pp Construction & Engineering0.11%+0.11 pp Heavy Electrical Equipment0.09%+0.09 pp Data Processing & Outsourced Services0.07%+0.07 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.26%+0.256 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.26%

Industry change · 12M

+0.26 pp

Passenger Airlines · contribution

+0.256 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$30.4bn	0.107%	-0.004 pp	+0.107 pp	+37.1%	No
Delta Air Lines → DAL	United States	$27.3bn	0.096%	-0.002 pp	+0.096 pp	+39.3%	No
United Airlines Holdings → UAL	United States	$15.4bn	0.054%	-0.006 pp	+0.054 pp	+36.9%	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.