Since big mutual fund firms like Fidelity and Vanguard own pretty much everything, it’s not surprising that they’re major investors in the notoriously unrewarding airline industry.
However, there are also a few less likely names on the lists of the biggest shareholders at the major U.S. airlines.
For instance, hedge fund manager Jeffrey Gendell is among the biggest investors in AMR (AMR:NYSE – news – research – Cramer’s Take), parent of American Airlines. The federal government’s Pension Benefit Guaranty Corp. is among the biggest stockholders in UAL (UAUA:Nasdaq – news – research – Cramer’s Take), the owner of United Airlines.
