Institutions / PAR CAPITAL MANAGEMENT INC / Holdings

Par Capital Management Inc

All holdings · as of Mar 31, 2026

Company	Class	Value	Shares	% of portfolio
Synchrony Financial	—	$517.78M	7,612,137	15.1%
United Airlines Holdings Inc	—	$460.06M	4,996,850	13.4%
Expedia Group Inc	—	$450.72M	1,952,120	13.1%
WEX Inc	—	$345.10M	2,254,984	10.0%
Uber Technologies, Inc	—	$268.80M	3,736,973	7.8%
DELTA AIR LINES, INC.	—	$233.64M	3,514,445	6.8%
SOUTHWEST AIRLINES CO	—	$196.09M	5,219,192	5.7%
Booking Holdings Inc	—	$179.25M	42,573	5.2%
CARVANA CO.	—	$109.36M	347,872	3.2%
Airbnb, Inc.	—	$94.39M	747,500	2.7%
Allegiant Travel CO	—	$68.58M	846,191	2.0%
ALASKA AIR GROUP, INC.	—	$58.17M	1,581,500	1.7%
Hyatt Hotels Corp	—	$48.67M	338,500	1.4%
TripAdvisor, Inc.	—	$43.41M	4,072,054	1.3%
Lyft, Inc.	—	$41.63M	3,130,000	1.2%
SKYWEST INC	—	$32.87M	357,923	1.0%
Marriott International Inc/MD	—	$29.44M	90,000	0.9%
AVIS BUDGET GROUP, INC.CAR	Common Stock	$29.17M	200,000	0.8%
Sun Country Airlines Holdings, LLC	—	$24.25M	1,467,800	0.7%
Visa Inc	—	$24.18M	80,000	0.7%
SCHWAB CHARLES CORP	—	$23.81M	253,300	0.7%
Ryanair Holdings PLC	—	$19.94M	345,000	0.6%
JETBLUE AIRWAYS CORPORATION	—	$19.70M	4,457,425	0.6%
Copa Holdings, S.A.	—	$17.86M	157,197	0.5%
BILL Holdings Inc	—	$15.32M	400,000	0.4%
American Airlines Group Inc.	—	$13.43M	1,250,000	0.4%
trivago N.V.TRVG	ADR	$11.36M	4,193,114	0.3%
Alphabet Inc.	—	$10.21M	35,600	0.3%
Global Business Travel Group, Inc.GBTG	Common Stock	$9.41M	1,686,634	0.3%
REPUBLIC AIRWAYS HOLDINGS INC.RJET	Common Stock	$9.06M	506,844	0.3%
LATAM AIRLINES GROUP SA	—	$8.16M	165,000	0.2%
Frontier Group Holdings, Inc.ULCC	Common Stock	$7.52M	2,131,100	0.2%
HERTZ GLOBAL HOLDINGS, INCHTZ	Common Stock	$6.45M	1,400,000	0.2%
WEBSTER FINANCIAL CORP	—	$3.47M	50,000	0.1%
Cars.com Inc.	—	$2.00M	246,299	0.1%
CITIGROUP INC	—	$1.13M	10,000	0.0%
CITIZENS FINANCIAL GROUP INC/RI	—	$959.5K	16,000	0.0%
Maplebear Inc	—	$761.8K	20,336	0.0%
TRUIST FINANCIAL CORP	—	$689.5K	15,000	0.0%
Trip.com Group Ltd.TCOM	ADR	$673.3K	13,523	0.0%
PINTEREST, INC.	—	$583.7K	31,825	0.0%
Snap Inc	—	$509.2K	110,693	0.0%
Zoom Communications, Inc.	—	$482.3K	6,000	0.0%
CarGurus, Inc.	—	$353.3K	10,376	0.0%
Nextpower Inc.	—	$208.1K	1,726	0.0%