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 Technology34.6%+6.31 pp Utilities2.9%+0.04 pp Consumer Staples7.1%+0.00 pp Real Estate2.6%-0.16 pp Industrials9.7%-0.18 pp Financials11.0%-0.18 pp Materials2.6%-0.35 pp Communication Services2.5%-0.43 pp Consumer Discretionary11.3%-1.04 pp Energy2.5%-1.29 pp Health Care13.5%-2.72 pp

2 · Industry

Inside Industrials

Passenger Ground Transportation0.37%+0.37 pp Air Freight & Logistics0.43%-0.22 pp Heavy Electrical Equipment0.19%+0.16 pp Rail Transportation0.64%-0.13 pp Industrial Conglomerates0.59%-0.10 pp Agricultural & Farm Machinery0.27%-0.10 pp Human Resource & Employment Services0.38%-0.09 pp Electrical Components & Equipment0.62%-0.08 pp Building Products0.58%+0.06 pp Construction Machinery & Heavy Transportation Equipment0.74%-0.05 pp Environmental & Facilities Services0.46%+0.04 pp Industrial Machinery & Supplies & Components1.10%-0.03 pp Trading Companies & Distributors0.17%+0.02 pp Passenger Airlines0.16%-0.02 pp Research & Consulting Services0.17%-0.02 pp Data Processing & Outsourced Services0.06%-0.01 pp Aerospace & Defense2.29%+0.00 pp Diversified Support Services0.22%-0.00 pp Construction & Engineering0.14%+0.00 pp Cargo Ground Transportation0.14%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.16%-0.018 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.16%

Industry change · 12M

-0.02 pp

Passenger Airlines · contribution

-0.018 pp

Company participation

100%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Sep 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	$17.8bn	0.041%	+0.009 pp	-0.013 pp	+12.1%	Yes
Delta Air Lines → DAL	United States	$32.8bn	0.076%	+0.019 pp	-0.003 pp	+38.7%	Yes
United Airlines Holdings → UAL	United States	$18.8bn	0.044%	+0.014 pp	-0.003 pp	+34.9%	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.