-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, DVz9pZK4a1YnRJh6sxw9IRMQfGArLDyVDPhfyQ94eS78eFZZaPjyA1FUQWJakiiV e9Upi22Oq+tjrrafstDmuQ== 0000701345-03-000029.txt : 20030724 0000701345-03-000029.hdr.sgml : 20030724 20030708133016 ACCESSION NUMBER: 0000701345-03-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20030708 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20030708 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US AIRWAYS GROUP INC CENTRAL INDEX KEY: 0000701345 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 541194634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08444 FILM NUMBER: 03778233 BUSINESS ADDRESS: STREET 1: 2345 CRYSTAL DR CITY: ARLINGTON STATE: VA ZIP: 22227 BUSINESS PHONE: 7038725306 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US AIRWAYS INC CENTRAL INDEX KEY: 0000714560 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 530218143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08442 FILM NUMBER: 03778234 BUSINESS ADDRESS: STREET 1: 2345 CRYSTAL DRIVE CITY: ARLINGTON STATE: VA ZIP: 22227 BUSINESS PHONE: 7038725306 MAIL ADDRESS: STREET 1: 2345 CRYSTAL DRIVE CITY: ARLINGTON STATE: VA ZIP: 22227 8-K 1 draft8k070703.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

  

Date of Report
(Date of earliest event reported)

July 3, 2003

  

US Airways Group, Inc.
(Commission file number: 1-8444)

and

US Airways, Inc.
(Commission file number: 1-8442)

(Exact names of registrants as specified in their charters)

 

                   Delaware                              US Airways Group, Inc. 54-1194634
          (State of incorporation                   US Airways, Inc.            53-0218143
            of both registrants)                      (I.R.S. Employer Identification Nos.)

 

 

US Airways Group, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-7000
(Registrant's telephone number, including area code)
 

US Airways, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-7000
(Registrant's telephone number, including area code)

 

 


Item 5.      Other Events

          On July 3, 2003, US Airways Group, Inc. (the Company) and US Airways, Inc. issued a news release (see exhibit 99 below).

         Certain of the information contained herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect the Company's current views with respect to current events and financial performance. Such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the Company's operations and business environment which may cause the actual results of the Company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the Company to operate pursuant to the terms of its financing facilities; the ability of the Company to obtain and maintain normal terms with vendors and service providers; the Company's ability to maintain contracts that are critical to its operations; the ability of the Company to fund and execute its business plan; the ability of the Company to attract, motivate and/or retain key executives and associates; the ability of the Company to attract and retain customers; the ability of the Company to maintain satisfactory labor relations; demand for transportation in the markets in which the Company operates; economic conditions; labor costs; financing availability and costs; aviation fuel costs; security-related costs; competitive pressures on pricing (particularly from lower-cost competitors) and on demand (particularly from low-cost carriers and multi-carrier alliances); weather conditions; government legislation and regulation; impact of the Iraqi war; other acts of war or terrorism; the commencement of public trading and market acceptance of the Company's new common stock; and other risks and uncertainties listed from time to time in the Company's reports to the United States Securities and Exchange Commission. Other factors and assumptions not identified above are also involved in the preparation of forward-looking statements, and the failure of such other factors and assumptions to be realized may also cause actual results to differ materially from those discussed. The Company assumes no obligation to update such estimates to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law.


Item 7.      Financial Statements and Exhibits

(c)   Exhibits

Designation                                                  Description
- ------------                                                  -----------

     99               News release dated July 3, 2003 of US Airways Group, Inc. and US Airways, Inc.

 

  

                                                                                SIGNATURES
                                                                                --------------------

  

     Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized.

 

                                                                               US Airways Group, Inc. (REGISTRANT)

Date: July 8, 2003                                                    By:     /s/ Anita P. Beier                    
                                                                                 Anita P. Beier
                                                                                 Vice President and Controller
                                                                                 (Chief Accounting Officer)

                                                                               US Airways, Inc. (REGISTRANT)

Date: July 8, 2003                                                    By:     /s/ Anita P. Beier                    
                                                                                 Anita P. Beier
                                                                                 Vice President and Controller
                                                                                 (Chief Accounting Officer)

 

 

EX-99 3 exhibit99.htm

 

 

Exhibit 99

 

US AIRWAYS REPORTS JUNE TRAFFIC

          ARLINGTON, Va., July 3, 2003 -- US Airways reported its June 2003 passenger traffic today.

       Revenue passenger miles for June 2003 decreased 5.8 percent on 7.3 percent less capacity compared to June 2002. The passenger load factor for the month was 78.6 percent, a 1.3 percentage point increase compared to June 2002.

       For the second quarter 2003, revenue passenger miles decreased 10.5 percent on 11.0 percent less capacity compared to the same period in 2002. The company reported a 75.4 percent load factor for the quarter, up 0.4 percentage points compared to the second quarter of 2002.

       Year-to-date 2003 revenue passenger miles decreased 12.2 percent on 11.9 percent less capacity compared to the first half of 2002. The passenger load factor for the period was 71.7 percent, a 0.2 percentage point decrease compared to the first six months of 2002.

       "Although we are seeing a higher percentage of seats filled and reported a record load factor for the month of June, passenger yield shows no signs of improvement and business demand remains flat," said B. Ben Baldanza, US Airways senior vice president of marketing and planning.

       The three wholly owned subsidiaries of US Airways Group, Inc. -- Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc. -- reported a 16.8 percent decrease in revenue passenger miles for the month of June on 16.5 percent less capacity. The passenger load factor was 56.3 percent, a 0.2 percentage point decrease compared to June 2002.

       For the second quarter 2003, US Airways Express revenue passenger miles decreased 20.9 percent on 18.9 percent less capacity. The load factor was 54.7 percent, a 1.4 percentage point decrease compared to the second quarter of 2002.

       Year-to-date 2003, Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc., reported a 16.4 percent decrease in revenue passenger miles on 15.1 percent less capacity. The passenger load factor was 51.7 percent, a 0.8 percentage point decrease compared to the first six months of 2002.

       System mainline passenger unit revenue for June 2003 is expected to be flat to down 1.0 percent compared to June 2002.

       US Airways ended the month by completing 99.3 percent of its scheduled flights.

Certain of the information contained herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, that reflect the company's current views with respect to current events and financial performance. Such forward looking statements are and will be, as the case may be, subject to many risks, uncertainties and factors relating to the company's operations and business environment which may cause the actual results of the company to be materially different from any future results, express or implied, by such forward-looking statements. Factors that could cause actual results to differ materially from these forward-looking statements include, but are not limited to, the following: the ability of the company to operate pursuant to the terms of its financing facilities; the ability of the company to obtain and maintain normal terms with vendors and service providers; the company's ability to maintain contracts that are criti cal to its operations; the ability of the company to fund and execute its business plan; the ability of the company to attract, motivate and/or retain key executives and associates; the ability of the company to attract and retain customers; the ability of the company to maintain satisfactory labor relations; demand for transportation in the markets in which the company operates; economic conditions; labor costs; financing availability and costs; aviation fuel costs; security-related costs; competitive pressures on pricing (particularly from lower-cost competitors) and on demand (particularly from low-cost carriers and multi-carrier alliances); weather conditions; government legislation and regulation; impact of the Iraqi war; other acts of war or terrorism; the commencement of public trading and market acceptance of the company's new common stock; and other risks and uncertainties listed from time to time in the company's reports to the United States Securities and Exchange Commission. Other factors and ass umptions not identified above are also involved in the preparation of forward-looking statements, and the failure of such other factors and assumptions to be realized may also cause actual results to differ materially from those discussed. The company assumes no obligation to update such estimates to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law.

 

 

 

                  US AIRWAYS, INC.

SELECTED TRAFFIC STATISTICS

June
2003

June
2002

Percent
Change

Revenue Passenger Miles (000):

Domestic*

2,583,911

2,925,903

(11.7)

International*

955,526

830,887

15.0

Total - Scheduled Service

3,539,437

3,756,790

(5.8)

Total (Including Charter)

3,539,465

3,757,835

(5.8)

Available Seat Miles (000):

Domestic*

3,385,974

3,912,261

(13.5)

International*

1,118,536

948,127

18.0

Total - Scheduled Service

4,504,510

4,860,389

(7.3)

Total (Including Charter)

4,504,604

4,861,663

(7.3)

Passengers Boarded*

3,695,452

4,283,217

(13.7)

System Load Factor*

                                        78.6

                              77.3

                    1.3

Average Passenger Journey*

                                       957.8

                    877.1

                                9.2

* scheduled service

NOTE: Numbers may not add or calculate due to rounding

 

 

 

 

             US AIRWAYS, INC.

SECOND QUARTER 2003

April - June
2003

April - June
2002

Percent
Change

Revenue Passenger Miles (000):

Domestic*

7,418,468

8,658,314

(14.3)

International*

2,392,826

2,307,765

3.7

Total - Scheduled Service

9,811,294

10,966,079

(10.5)

Total (Including Charter)

9,840,295

10,968,823

(10.3)

Available Seat Miles (000):

Domestic*

9,979,738

11,835,941

(15.7)

International*

3,025,104

2,769,733

9.2

Total - Scheduled Service

13,004,842

14,605,674

(11.0)

Total (Including Charter)

13,050,316

14,608,971

(10.7)

Passengers Boarded*

10,855,227

12,982,081

(16.4)

System Load Factor*

             75.4

             75.1

             0.4

Average Passenger Journey*

          903.8

            844.7

                       7.0

* scheduled service

NOTE: Numbers may not add or calculate due to rounding.

 

 

 

 

 

            US AIRWAYS, INC.

YEAR-TO-DATE 2003

Jan. - June
2003

Jan. - June
2002

Percent
Change

Revenue Passenger Miles (000):

Domestic*

13,823,070

16,561,359

(16.5)

International*

4,221,381

3,985,494

5.9

Total - Scheduled Service

18,044,451

20,546,852

(12.2)

Total (Including Charter)

18,095,488

20,550,971

(11.9)

Available Seat Miles (000):

Domestic*

19,543,641

23,593,007

(17.2)

International*

5,627,333

4,990,758

12.8

Total - Scheduled Service

25,170,974

28,583,765

(11.9)

Total (Including Charter)

25,260,634

28,588,684

(11.6)

Passengers Boarded*

20,282,064

24,807,343

(18.2)

System Load Factor*

    71.7

71.9

         (0.2)

Average Passenger Journey*

889.7

828.3

7.4

* scheduled service

NOTE: Numbers may not add or calculate due to rounding

 

 

 

         US AIRWAYS EXPRESS**

SELECTED TRAFFIC STATISTICS

                                       June
                                       2003

June     
2002     

Percent Change

Revenue Passenger Miles (000)

                                                               117,658

           141,468

(16.8)

Available Seat Miles (000)

209,138          

250,567

(16.5)

Passengers Boarded*

529,841          

626,235

(15.4)

System Load Factor*

56.3          

56.5

(0.2)

Average Passenger Journey

222.1          

225.9

(1.7)

 

 

        US AIRWAYS EXPRESS**

SECOND QUARTER 2003

                                   April - June
                                   2003

April - June
2002

 

Percent
Change

Revenue Passenger Miles (000)

339,440

 429,328

(20.9)

Available Seat Miles (000)

620,916

765,939

(18.9)

Passengers Boarded*

1,535,909

1,895,352

(19.0)

System Load Factor*

54.7

56.1

(1.4)

Average Passenger Journey

221.0

226.5

(2.4)

 

*scheduled service

** Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA Airlines, Inc.

 

NOTE: Numbers may not add or calculate due to rounding.

 

 

- 30 -

 

 

          US AIRWAYS EXPRESS**

YEAR-TO-DATE 2003

Jan. - June
2003

Jan. - June
2002

 

Percent
Change

Revenue Passenger Miles (000)

        631,054

                    755,252

    (16.4)

Available Seat Miles (000)

1,220,219

1,437,094

(15.1)

Passengers Boarded*

2,851,077

3,388,298

(15.9)

System Load Factor*

51.7

52.6

(0.8)

Average Passenger Journey

221.3

222.9

(0.7)

 

* Scheduled service

** Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA Airlines, Inc.

 

 

NOTE: Numbers may not add or calculate due to rounding.

 

 

NUMBER: 4564

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