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 Technology37.5%+17.67 pp Financials12.1%+3.93 pp Consumer Discretionary11.7%+3.50 pp Industrials10.0%+2.95 pp Consumer Staples6.5%+1.39 pp Utilities2.8%+0.81 pp Communication Services2.5%+0.68 pp Real Estate2.3%+0.39 pp Energy2.3%+0.30 pp Health Care10.3%+0.23 pp Materials2.1%-31.86 pp

2 · Industry

Inside Industrials

Aerospace & Defense2.59%+0.90 pp Heavy Electrical Equipment0.40%+0.30 pp Construction Machinery & Heavy Transportation Equipment0.72%+0.20 pp Building Products0.59%+0.20 pp Electrical Components & Equipment0.66%+0.20 pp Diversified Support Services0.32%+0.17 pp Industrial Machinery & Supplies & Components0.96%+0.16 pp Passenger Ground Transportation0.39%+0.15 pp Environmental & Facilities Services0.46%+0.12 pp Agricultural & Farm Machinery0.30%+0.12 pp Trading Companies & Distributors0.23%+0.11 pp Industrial Conglomerates0.54%+0.10 pp Human Resource & Employment Services0.37%+0.10 pp Construction & Engineering0.16%+0.07 pp Passenger Airlines0.17%+0.06 pp Rail Transportation0.55%+0.06 pp Air Freight & Logistics0.28%-0.04 pp Cargo Ground Transportation0.10%-0.02 pp Research & Consulting Services0.14%+0.02 pp Data Processing & Outsourced Services0.06%+0.02 pp

3 · Sub-industry

Inside Passenger Airlines

Passenger Airlines0.17%+0.062 pp

Concentrated

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

View all contributions →

Passenger Airlines · weight

0.17%

Industry change · 12M

+0.06 pp

Passenger Airlines · contribution

+0.062 pp

Company participation

67%

of industry constituents above their 6M weight average

4 · Companies driving this sub-industry

Jul 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	$28.6bn	0.060%	+0.006 pp	+0.034 pp	+94.4%	Yes
Delta Air Lines → DAL	United States	$34.7bn	0.073%	+0.008 pp	+0.024 pp	+25.2%	Yes
Southwest Airlines → LUV	United States	$16.2bn	0.034%	-0.004 pp	+0.005 pp	+17.5%	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.