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 Technology36.4%+15.47 pp Financials12.3%+4.20 pp Consumer Discretionary11.6%+3.35 pp Industrials9.9%+2.86 pp Consumer Staples6.8%+1.56 pp Communication Services2.7%+0.86 pp Utilities2.7%+0.78 pp Health Care10.9%+0.56 pp Real Estate2.3%+0.49 pp Energy2.3%+0.23 pp Materials2.2%-30.36 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.55%+0.92 pp Heavy Electrical Equipment0.33%+0.23 pp Building Products0.61%+0.22 pp Industrial Machinery & Supplies & Components0.97%+0.18 pp Diversified Support Services0.34%+0.17 pp Electrical Components & Equipment0.63%+0.15 pp Construction Machinery & Heavy Transportation Equipment0.68%+0.15 pp Passenger Ground Transportation0.42%+0.14 pp Industrial Conglomerates0.57%+0.13 pp Human Resource & Employment Services0.38%+0.12 pp Environmental & Facilities Services0.48%+0.11 pp Agricultural & Farm Machinery0.30%+0.10 pp Rail Transportation0.55%+0.08 pp Construction & Engineering0.15%+0.06 pp Passenger Airlines0.17%+0.05 pp Trading Companies & Distributors0.16%+0.04 pp Air Freight & Logistics0.31%-0.04 pp Research & Consulting Services0.16%+0.04 pp Data Processing & Outsourced Services0.06%+0.02 pp Cargo Ground Transportation0.10%+0.00 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.17%+0.046 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.17%

Industry change · 12M

+0.05 pp

Passenger Airlines · contribution

+0.046 pp

Company participation

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jun 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	$26.0bn	0.056%	+0.002 pp	+0.026 pp	+63.6%	No
Delta Air Lines → DAL	United States	$32.1bn	0.069%	+0.002 pp	+0.012 pp	+4.9%	No
Southwest Airlines → LUV	United States	$18.5bn	0.040%	-0.007 pp	+0.008 pp	+16.0%	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.