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    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>CHICAGO BRIDGE &amp; IRON CO N V</nameOfIssuer>
    <titleOfClass>N Y REGISTRY SH</titleOfClass>
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    <value>58957</value>
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    <nameOfIssuer>D R HORTON INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>23331A109</cusip>
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    <nameOfIssuer>DELTA AIR LINES INC DEL</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
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      <Sole>4671539</Sole>
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    <nameOfIssuer>EASTMAN CHEM CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
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    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>*W EXP 07/10/201</titleOfClass>
    <cusip>37045V118</cusip>
    <value>5273</value>
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    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
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    <cusip>37045V126</cusip>
    <value>3734</value>
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      <Sole>190011</Sole>
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    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>37045V100</cusip>
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    <nameOfIssuer>GENERAL MTRS CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>37045V100</cusip>
    <value>113869</value>
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      <Sole>3036500</Sole>
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      <None>0</None>
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    <nameOfIssuer>GOODYEAR TIRE &amp; RUBR CO</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>382550101</cusip>
    <value>270459</value>
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      <Sole>9987416</Sole>
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    <nameOfIssuer>GOOGLE INC</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>38259P508</cusip>
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    <nameOfIssuer>GOOGLE INC</nameOfIssuer>
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    <value>223549</value>
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    <nameOfIssuer>GOOGLE INC</nameOfIssuer>
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    <cusip>38259P706</cusip>
    <value>27325</value>
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      <Sole>50000</Sole>
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      <None>0</None>
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    <nameOfIssuer>HCA HOLDINGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40412C101</cusip>
    <value>369122</value>
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    <otherManager>N/A</otherManager>
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      <Sole>4906582</Sole>
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      <None>0</None>
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    <nameOfIssuer>HD SUPPLY HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>40416M105</cusip>
    <value>88557</value>
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    <otherManager>N/A</otherManager>
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      <Sole>2842471</Sole>
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      <None>0</None>
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    <nameOfIssuer>HUNTSMAN CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>447011107</cusip>
    <value>179199</value>
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      <sshPrnamt>8082950</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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      <Sole>8082950</Sole>
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      <None>0</None>
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    <nameOfIssuer>JETBLUE AIRWAYS CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>477143101</cusip>
    <value>91055</value>
    <shrsOrPrnAmt>
      <sshPrnamt>4730125</sshPrnamt>
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      <Sole>4730125</Sole>
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      <None>0</None>
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    <nameOfIssuer>KBR INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>48242W106</cusip>
    <value>24628</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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      <Sole>1700802</Sole>
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      <None>0</None>
    </votingAuthority>
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    <nameOfIssuer>LENNAR CORP</nameOfIssuer>
    <titleOfClass>CL A</titleOfClass>
    <cusip>526057104</cusip>
    <value>31603</value>
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      <sshPrnamt>609988</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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      <Sole>609988</Sole>
      <Shared>0</Shared>
      <None>0</None>
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    <nameOfIssuer>LORILLARD INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>544147101</cusip>
    <value>55129</value>
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      <sshPrnamt>843600</sshPrnamt>
      <sshPrnamtType>SH</sshPrnamtType>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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      <Sole>843600</Sole>
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      <None>0</None>
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    <nameOfIssuer>MASCO CORP</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>574599106</cusip>
    <value>115101</value>
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      <sshPrnamt>4310909</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>4310909</Sole>
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    <nameOfIssuer>MICRON TECHNOLOGY INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>595112103</cusip>
    <value>96399</value>
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      <None>0</None>
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    <nameOfIssuer>MOHAWK INDS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>608190104</cusip>
    <value>37486</value>
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    <otherManager>N/A</otherManager>
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      <Sole>201807</Sole>
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      <None>0</None>
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    <nameOfIssuer>NXP SEMICONDUCTORS N V</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>N6596X109</cusip>
    <value>183419</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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      <Sole>1827609</Sole>
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      <None>0</None>
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    <nameOfIssuer>OWENS CORNING NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>690742101</cusip>
    <value>127380</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <Sole>2935026</Sole>
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      <None>0</None>
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    <nameOfIssuer>POWERSHARES QQQ TRUST</nameOfIssuer>
    <titleOfClass>UNIT SER 1</titleOfClass>
    <cusip>73935A104</cusip>
    <value>413223</value>
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      <Sole>3913100</Sole>
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      <None>0</None>
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    <nameOfIssuer>PRICELINE COM INC</nameOfIssuer>
    <titleOfClass>COM NEW</titleOfClass>
    <cusip>741503403</cusip>
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    <nameOfIssuer>REGIONS FINL CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>7591EP100</cusip>
    <value>48591</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
    <otherManager>N/A</otherManager>
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    <titleOfClass>COM</titleOfClass>
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      <Sole>735809</Sole>
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    <nameOfIssuer>SPDR S&amp;P 500 ETF TR</nameOfIssuer>
    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>4718</value>
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      <sshPrnamt>22854</sshPrnamt>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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    <titleOfClass>TR UNIT</titleOfClass>
    <cusip>78462F103</cusip>
    <value>928935</value>
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    <putCall>Call</putCall>
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    <nameOfIssuer>TEREX CORP NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>880779103</cusip>
    <value>42632</value>
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      <None>0</None>
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    <nameOfIssuer>TRIUMPH GROUP INC NEW</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>896818101</cusip>
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    <titleOfClass>COM NEW</titleOfClass>
    <cusip>903293405</cusip>
    <value>50539</value>
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    <investmentDiscretion>SOLE</investmentDiscretion>
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      <None>0</None>
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    <nameOfIssuer>UNITED CONTL HLDGS INC</nameOfIssuer>
    <titleOfClass>COM</titleOfClass>
    <cusip>910047109</cusip>
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    <titleOfClass>COM</titleOfClass>
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