8-K 1 final8kaug20.htm

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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)
August 20, 2001

  

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 7.      Financial Statements and Exhibits

(c)   Exhibit

Designation                

Description

------------  

--------------

   99                   

Letter to investment community
dated August 20, 2001

 

 

Item 9.   Regulation FD Disclosure

      On August 20, 2001, US Airways, Inc. (US Airways) (a wholly-owned subsidiary of US Airways Group, Inc.) provided certain forward-looking statements to the investment community related to its aircraft fleet and selected operating and financial statistics (see Exhibit 99).


     Certain of the information contained in the letter to the investment community should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 which is subject to a number of risks and uncertainties. The preparation of forward-looking statements requires the use of estimates of future revenues, expenses, activity levels and economic and market conditions, many of which are outside US Airways' control. Specific factors that could cause actual results to differ materially from those set forth in the forward-looking statements include: economic conditions; labor costs; labor responses to the strategic plan of US Airways; financing costs; aviation fuel costs; competitive pressures on pricing (particularly from lower-cost competitors); competitive responses to the strategic plan of US Airways; weather conditions; government legislation and regulation; consumer perceptions of US Airways' products; demand for air transportation in the markets in which US Airways operates; and other risks and uncertainties listed from time to time in US Airways' 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. US Airways 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.


     The furnishing of this letter is not intended to constitute a representation that such furnishing is required by Regulation FD or that the information it contains is material investor information that is not otherwise publicly available.  In addition, all of the information in the letter is presented as of August 20, 2001, and US Airways does not assume any obligation to update such information in the future.

 

 

 

 

 

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: August 20, 2001

By: /s/ Anita P. Beier            
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)

 

 

 

 

US Airways, Inc. (Registrant)

 

 

Date: August 20, 2001

By: /s/ Anita P. Beier            
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)

 

 

Exhibit 99

  

 

August 20, 2001

 

Dear Analysts and Investors:

      Attached please find the August US Airways Investor Update and the Company's Fleet Plan Forecast for 2001. I hope you find the Forecast useful in your analysis of the Company.

     As always, if you have any questions or comments on the materials provided, please do not hesitate to call me at 703-872-5009.

                

Very truly yours,

 

 

Kimberly A. Holland
Director, Investor Relations

Enclosures

   

Certain of the information discussed above or enclosed herewith should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. A number of risks and uncertainties exist, which could cause the actual results to differ materially from the results projected in such forward-looking statements. Additional information concerning the factors, which could cause actual results to differ materially from the forward-looking statements, was contained in a Form 8-K filed with the Securities and Exchange Commission. US Airways 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 INVESTOR UPDATE

US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)

August 2001

 

           Year-over-Year Percentage Change          

Selected Operating and Financial Statistics

July 2001(Actual)

August 2001

September 2001

October 2001

Available Seat Miles - Scheduled Service

-Domestic

3.4

%

2.5

%

1.2

%

(0.5)

%

-International

24.1

20.9

18.0

13.9

Total

6.4

%

5.2

%

3.6

%

1.5

%

Revenue Passenger Miles - Scheduled Service

-Domestic

4.6

%

4.3

%

0.9

%

(0.4)

%

-International

21.8

16.3

12.3

12.7

Total

7.4

%

6.2

%

2.8

%

1.6

%

Passenger Load Factor

0.7 points

0.7 points

(0.5) points

0.0 points

Aviation Fuel

-Cost of Aviation Fuel Per Gallon
     - Excluding Taxes


(8


%)


(12


%)


(22


%)


(20


%)

Fleet Additions

-A320 Family

3

1

0

0

-A330-300

0

0

0

0

-B737-200

0

0

0

0

Total

3

1

0

0

Fleet Retirements

-B737-200

2

1

0

0

-MD-80

0

0

6

1

-DC9-30

2

5

0

0

Total

4

6

6

1

 

Certain of the information discussed above should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. A number of risks and uncertainties exist, which could cause the actual results to differ materially from the results projected in such forward-looking statements. Additional information concerning the factors, which could cause actual results to differ materially from the forward-looking statements, was contained in a Form 8-K filed with the Securities and Exchange Commission. US Airways 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 FLEET PLAN

August 2001

Fleet Count as of


                     Number of Aircraft: Year End 2001                 

Fleet Type

07/31/2001

Average Seats

Average Age (yrs.)

Owned

Leased

Total

A330

9

266

1.4

9

0

9

B767-200

11

203

12.6

7

4

11

B757-200

34

182

11.2

23

11

34

B737-400

54

144

12.0

19

35

54

MD-80

30

141

19.6

16

4

20

B737-300

85

126

14.7

11

74

85

B737-200

42

118

18.8

39

3

42

DC9-30

5

0

0.0

0

0

0

F-100

40

97

11.1

36

4

40

A320 Family

112

136

1.7

48

65

113

Average Total Aircraft

422

138

10.6

208

200

408

Certain of the information discussed above should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Act of 1995. A number of risks and uncertainties exist, which could cause the actual results to differ materially from the results projected in such forward-looking statements. Additional information concerning the factors, which could cause actual results to differ materially from the forward-looking statements, was contained in a Form 8-K filed with the Securities and Exchange Commission. US Airways 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.