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

Materials32.5%+2.94 pp Financials8.1%+0.31 pp Consumer Staples5.2%+0.08 pp Industrials7.1%-0.13 pp Information Technology20.9%-0.23 pp Utilities1.9%-0.23 pp Energy2.1%-0.24 pp Communication Services1.8%-0.26 pp Real Estate1.8%-0.29 pp Consumer Discretionary8.2%-0.72 pp Health Care10.3%-1.24 pp

2 · Industry

Inside Industrials

Passenger Ground Transportation0.28%+0.28 pp Air Freight & Logistics0.35%-0.13 pp Aerospace & Defense1.63%-0.11 pp Rail Transportation0.47%-0.10 pp Agricultural & Farm Machinery0.19%-0.08 pp Heavy Electrical Equipment0.10%+0.08 pp Industrial Conglomerates0.44%-0.07 pp Diversified Support Services0.17%+0.06 pp Industrial Machinery & Supplies & Components0.79%-0.05 pp Passenger Airlines0.12%-0.04 pp Human Resource & Employment Services0.26%-0.04 pp Environmental & Facilities Services0.36%+0.04 pp Building Products0.39%+0.02 pp Research & Consulting Services0.13%-0.01 pp Cargo Ground Transportation0.10%+0.01 pp Construction Machinery & Heavy Transportation Equipment0.53%+0.01 pp Electrical Components & Equipment0.48%+0.01 pp Trading Companies & Distributors0.11%+0.00 pp Construction & Engineering0.10%+0.00 pp Data Processing & Outsourced Services0.04%-0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.12%-0.043 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.12%

Industry change · 12M

-0.04 pp

Passenger Airlines · contribution

-0.043 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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
Southwest Airlines → LUV	United States	$17.1bn	0.032%	-0.016 pp	-0.018 pp	-19.1%	No
Delta Air Lines → DAL	United States	$30.6bn	0.057%	-0.028 pp	-0.013 pp	+0.7%	No
United Airlines Holdings → UAL	United States	$16.0bn	0.030%	-0.014 pp	-0.012 pp	-11.3%	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.