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 Technology33.3%+4.48 pp Financials11.4%+0.74 pp Consumer Staples7.3%+0.20 pp Utilities2.8%-0.07 pp Industrials9.8%-0.20 pp Real Estate2.7%-0.24 pp Materials2.6%-0.32 pp Communication Services2.4%-0.40 pp Energy2.6%-0.86 pp Consumer Discretionary10.9%-1.64 pp Health Care14.2%-1.69 pp

2 · Industry

Inside Industrials

Passenger Ground Transportation0.37%+0.37 pp Air Freight & Logistics0.44%-0.21 pp Heavy Electrical Equipment0.16%+0.13 pp Agricultural & Farm Machinery0.26%-0.12 pp Rail Transportation0.68%-0.09 pp Electrical Components & Equipment0.61%-0.09 pp Human Resource & Employment Services0.39%-0.09 pp Industrial Conglomerates0.61%-0.08 pp Environmental & Facilities Services0.49%+0.08 pp Industrial Machinery & Supplies & Components1.09%-0.07 pp Diversified Support Services0.22%+0.07 pp Passenger Airlines0.14%-0.06 pp Construction Machinery & Heavy Transportation Equipment0.71%-0.05 pp Building Products0.56%+0.04 pp Aerospace & Defense2.35%-0.02 pp Data Processing & Outsourced Services0.06%-0.01 pp Trading Companies & Distributors0.17%+0.01 pp Research & Consulting Services0.19%-0.01 pp Construction & Engineering0.14%-0.01 pp Cargo Ground Transportation0.14%+0.01 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.14%-0.057 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.14%

Industry change · 12M

-0.06 pp

Passenger Airlines · contribution

-0.057 pp

Company participation

33%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Aug 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	$27.4bn	0.066%	+0.003 pp	-0.022 pp	+0.1%	No
Southwest Airlines → LUV	United States	$17.3bn	0.042%	+0.011 pp	-0.018 pp	-6.3%	Yes
United Airlines Holdings → UAL	United States	$14.5bn	0.035%	+0.002 pp	-0.017 pp	-11.6%	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.