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 Discretionary11.6%+3.82 pp Energy4.1%+1.64 pp Health Care17.5%+1.01 pp Consumer Staples7.7%+0.70 pp Utilities3.4%+0.36 pp Real Estate3.1%-0.10 pp Materials2.9%-0.29 pp Industrials9.8%-0.41 pp Communication Services3.3%-0.64 pp Financials12.1%-2.06 pp Information Technology24.5%-4.05 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.40%+0.23 pp Rail Transportation0.83%-0.19 pp Air Freight & Logistics0.64%-0.15 pp Industrial Conglomerates0.82%-0.12 pp Building Products0.48%-0.10 pp Heavy Electrical Equipment0.03%-0.08 pp Agricultural & Farm Machinery0.42%+0.07 pp Construction Machinery & Heavy Transportation Equipment0.67%+0.05 pp Research & Consulting Services0.18%-0.05 pp Industrial Machinery & Supplies & Components1.05%-0.04 pp Human Resource & Employment Services0.51%+0.04 pp Electrical Components & Equipment0.60%-0.04 pp Environmental & Facilities Services0.45%+0.03 pp Passenger Airlines0.20%-0.02 pp Trading Companies & Distributors0.13%-0.02 pp Cargo Ground Transportation0.12%-0.02 pp Construction & Engineering0.12%+0.01 pp Data Processing & Outsourced Services0.06%-0.01 pp Diversified Support Services0.11%-0.00 pp Passenger Ground Transportation0.00%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.20%-0.023 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.20%

Industry change · 12M

-0.02 pp

Passenger Airlines · contribution

-0.023 pp

Company participation

67%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Oct 2022 · 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	$21.6bn	0.077%	-0.001 pp	-0.017 pp	-23.1%	No
Delta Air Lines → DAL	United States	$21.8bn	0.077%	+0.007 pp	-0.006 pp	-13.3%	Yes
United Airlines Holdings → UAL	United States	$14.1bn	0.050%	+0.009 pp	+0.000 pp	-6.6%	Yes

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.