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

Industrials10.8%+1.00 pp Consumer Discretionary12.0%+1.00 pp Financials11.9%+0.68 pp Information Technology27.8%+0.62 pp Consumer Staples7.8%+0.06 pp Materials2.9%-0.19 pp Energy3.3%-0.23 pp Real Estate2.6%-0.43 pp Communication Services2.7%-0.45 pp Utilities2.9%-0.48 pp Health Care15.3%-1.58 pp

2 · Industry

Inside Industrials

Passenger Ground Transportation0.40%+0.40 pp Air Freight & Logistics0.53%-0.16 pp Construction Machinery & Heavy Transportation Equipment0.84%+0.16 pp Electrical Components & Equipment0.75%+0.15 pp Industrial Machinery & Supplies & Components1.25%+0.14 pp Heavy Electrical Equipment0.15%+0.12 pp Industrial Conglomerates0.62%-0.12 pp Diversified Support Services0.25%+0.11 pp Building Products0.59%+0.10 pp Environmental & Facilities Services0.55%+0.09 pp Aerospace & Defense2.51%+0.07 pp Agricultural & Farm Machinery0.32%-0.06 pp Trading Companies & Distributors0.19%+0.05 pp Human Resource & Employment Services0.41%-0.03 pp Construction & Engineering0.15%+0.03 pp Research & Consulting Services0.17%-0.02 pp Cargo Ground Transportation0.11%-0.02 pp Rail Transportation0.76%-0.01 pp Data Processing & Outsourced Services0.07%+0.01 pp Passenger Airlines0.19%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.19%+0.004 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.19%

Industry change · 12M

+0.00 pp

Passenger Airlines · contribution

+0.004 pp

Company participation

67%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Apr 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
Delta Air Lines → DAL	United States	$32.3bn	0.094%	+0.019 pp	+0.019 pp	+47.0%	Yes
Southwest Airlines → LUV	United States	$15.5bn	0.045%	-0.008 pp	-0.016 pp	-12.4%	No
United Airlines Holdings → UAL	United States	$16.9bn	0.049%	+0.009 pp	+0.000 pp	+17.5%	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.