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 Technology33.6%+3.90 pp Consumer Discretionary13.1%+1.27 pp Financials12.6%+0.85 pp Consumer Staples6.8%+0.07 pp Utilities2.6%-0.07 pp Communication Services2.5%-0.41 pp Real Estate2.3%-0.46 pp Materials2.3%-0.48 pp Industrials9.6%-0.62 pp Energy2.5%-0.66 pp Health Care12.2%-3.40 pp

2 · Industry

Inside Industrials

Heavy Electrical Equipment0.25%+0.23 pp Rail Transportation0.60%-0.21 pp Air Freight & Logistics0.36%-0.17 pp Industrial Machinery & Supplies & Components1.06%-0.16 pp Aerospace & Defense2.20%-0.14 pp Diversified Support Services0.35%+0.12 pp Passenger Ground Transportation0.31%-0.09 pp Construction Machinery & Heavy Transportation Equipment0.72%-0.07 pp Passenger Airlines0.21%+0.05 pp Environmental & Facilities Services0.46%-0.04 pp Building Products0.55%+0.04 pp Agricultural & Farm Machinery0.29%-0.04 pp Human Resource & Employment Services0.39%-0.04 pp Electrical Components & Equipment0.62%-0.03 pp Research & Consulting Services0.17%-0.03 pp Industrial Conglomerates0.59%-0.03 pp Trading Companies & Distributors0.16%-0.03 pp Construction & Engineering0.14%+0.01 pp Data Processing & Outsourced Services0.06%-0.01 pp Cargo Ground Transportation0.13%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.21%+0.047 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.21%

Industry change · 12M

+0.05 pp

Passenger Airlines · contribution

+0.047 pp

Company participation

67%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jan 2025 · 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	$34.8bn	0.077%	+0.017 pp	+0.037 pp	+155.8%	Yes
Delta Air Lines → DAL	United States	$43.4bn	0.097%	+0.010 pp	+0.022 pp	+73.7%	Yes
Southwest Airlines → LUV	United States	$18.4bn	0.041%	-0.002 pp	-0.012 pp	+5.1%	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.