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 Technology29.3%+4.19 pp Consumer Discretionary12.5%+1.15 pp Industrials10.5%+0.21 pp Real Estate2.8%-0.41 pp Materials2.8%-0.42 pp Communication Services2.8%-0.51 pp Utilities2.6%-0.62 pp Energy3.1%-0.63 pp Consumer Staples6.6%-0.85 pp Financials11.6%-1.05 pp Health Care15.5%-1.06 pp

2 · Industry

Inside Industrials

Passenger Ground Transportation0.47%+0.47 pp Aerospace & Defense2.33%-0.18 pp Air Freight & Logistics0.52%-0.18 pp Industrial Conglomerates0.59%-0.17 pp Agricultural & Farm Machinery0.29%-0.15 pp Environmental & Facilities Services0.52%+0.11 pp Industrial Machinery & Supplies & Components1.26%+0.10 pp Diversified Support Services0.24%+0.10 pp Electrical Components & Equipment0.72%+0.07 pp Construction Machinery & Heavy Transportation Equipment0.83%+0.07 pp Human Resource & Employment Services0.42%-0.04 pp Passenger Airlines0.18%-0.04 pp Trading Companies & Distributors0.19%+0.03 pp Rail Transportation0.82%-0.03 pp Construction & Engineering0.14%+0.02 pp Research & Consulting Services0.20%+0.02 pp Building Products0.54%+0.01 pp Data Processing & Outsourced Services0.07%+0.01 pp Heavy Electrical Equipment0.02%-0.01 pp Cargo Ground Transportation0.13%-0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.18%-0.037 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.18%

Industry change · 12M

-0.04 pp

Passenger Airlines · contribution

-0.037 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Feb 2024 · 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
United Airlines Holdings → UAL	United States	$14.9bn	0.043%	+0.002 pp	-0.017 pp	-12.5%	Yes
Southwest Airlines → LUV	United States	$20.4bn	0.059%	+0.011 pp	-0.012 pp	+4.4%	Yes
Delta Air Lines → DAL	United States	$27.2bn	0.078%	+0.004 pp	-0.009 pp	+11.1%	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.