Here are the billionaire airline founders, CEOs and major investors who have been hit the hardest as the coronavirus pandemic has wiped out airline stocks:
The most all-in bettor on airlines by far, and proportionally the biggest institutional loser from the selloff: Boston hedge fund PAR Capital Management. Led by former airline analyst Paul A. Reeder III, if its positions haven’t changed since year-end disclosures, 40.5% of its $3 billion in assets would be in U.S. airlines.
A 34.3% slide in Ryanair shares on the London Stock Exchange cut the value of CEO Michael O’Leary’s stake to $531 million as of Thursday’s close.
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