-----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, FVcdnTXAEtPSJWRSwD3yBXnYZvHaeCNA+sard4QQzhqVckAj4s+2ZJ8hOlmNqKDf 0/3rsoQlNMeBUePG13S66Q== 0000701345-05-000015.txt : 20050406 0000701345-05-000015.hdr.sgml : 20050406 20050406114423 ACCESSION NUMBER: 0000701345-05-000015 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050405 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050406 DATE AS OF CHANGE: 20050406 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: 05736127 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: 05736128 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 form8k040505.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)

April 5, 2005

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

and

US Airways, Inc.
(Debtor-in-Possession)
(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.)

2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-7000
(Registrants' telephone number, including area code)
 

     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))


Item 8.01      Other Events

On April 5, 2005, US Airways Group, Inc. and US Airways, Inc. issued a news release reporting March 2005 passenger traffic. A copy of the news release is filed as Exhibit 99 to this Form 8-K.

Certain of the statements contained herein should be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, which reflect the current views of US Airways Group (the Company) with respect to current events and financial performance. You can identify these statements by forward-looking words such as "may," "will," "expect," "intend," "anticipate," "believe," "estimate," "plan," "could," "should," and "continue" or similar words. These forward-looking statements may also use different phrases. 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. Factor s 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 continue as a going concern; the ability of the Company to obtain and maintain any necessary financing for operations and other purposes, whether debtor-in-possession financing or other financing; the ability of the Company to maintain adequate liquidity; the ability of the Company to absorb escalating fuel costs; the Company's ability to obtain court approval with respect to motions in the Chapter 11 proceedings prosecuted by it from time to time; the ability of the Company to develop, prosecute, confirm and consummate one or more plans of reorganization with respect to the Chapter 11 proceedings; risks associated with third parties seeking and obtaining court approval to terminate or shorten the exclusivity period for the Company to propose and confirm one or more plans of reorganization, to appoint a Chapter 11 trustee or to convert the cases to Chapter 7 cases; 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 potential adverse impact of the Chapter 11 proceedings on the Company's liquidity or results of operations; the ability of the Company to operate pursuant to the terms of its financing facilities (particularly the financial covenants); the ability of the Company to fund and execute its Transformation Plan during the Chapter 11 proceedings and in the context of a plan of reorganization and thereafter; 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; security-related and insurance costs; competiti ve 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 continued military activities in Iraq; other acts of war or terrorism; and other risks and uncertainties listed from time to time in the Company's reports to the SEC. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and 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. Similarly, these and other factors, including the terms of any reorganization plan ultimately confirmed, can affect the value of the Company's various prepetition liabilities, common stock and/or other e quity securities. Accordingly, the Company urges that the appropriate caution be exercised with respect to existing and future investments in any of these liabilities and/or securities.

Item 9.01      Financial Statements and Exhibits

(c)   Exhibits

Designation          Description
- ------------         -----------------
   99                    News release dated April 5, 2005 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: April 6, 2005                        By:   /s/ Anita P. Beier                         
                                                              Anita P. Beier
                                                              Senior Vice President-Finance and Controller
                                                              (Chief Accounting Officer)

 

                                                             US Airways, Inc. (REGISTRANT)

Date: April 6, 2005                        By:   /s/ Anita P. Beier                         
                                                              Anita P. Beier
                                                              Senior Vice President-Finance and Controller
                                                              (Chief Accounting Officer)

EX-99 2 ex99.htm

US AIRWAYS REPORTS MARCH TRAFFIC

ARLINGTON, Va., April 5, 2005 -- US Airways reported its March 2005 passenger traffic today.

Mainline revenue passenger miles for March 2005 increased 9.6 percent on a 5.2 percent increase in available seat miles, compared to March 2004. The 80.7 percent passenger load factor is a 3.2 percentage point increase compared to March 2004, and the highest for any March in the history of the company.

Revenue passenger miles for US Airways mainline during the first three months of 2005 increased 5.8 percent on a 1.5 percent increase in available seat miles, compared to the same period in 2004. The passenger load factor for January through March 2005 was 73.2 percent, a 2.9 percentage point increase compared to the same period in 2004.

The two wholly owned subsidiaries of US Airways Group, Inc., Piedmont Airlines, Inc. and PSA, Inc., and MidAtlantic Airways, reported a 165.7 percent increase in revenue passenger miles for March 2005, on 127.4 percent more capacity, compared to March 2004. The passenger load factor was 66.4 percent, a 9.6 percentage point increase compared to March 2004.

For the first quarter of 2005, the two wholly owned subsidiaries of US Airways Group, Inc., Piedmont Airlines, Inc. and PSA, Inc., as well as MidAtlantic Airways, reported a 142.7 percent increase in revenue passenger miles for January through March 2005, on 110.7 percent more capacity, compared to the same period in 2004. The passenger load factor was 58.9 percent, a 7.8 percentage point increase compared to the first quarter of 2004.

US Airways ended the month of March 2005 completing 97.9 percent of its scheduled departures compared to 99.2 percent in March 2004.

US AIRWAYS, INC.

SELECTED TRAFFIC STATISTICS

March
2005

March
2004

Percent
Change

Revenue Passenger Miles (000):

Domestic*

2,898,115

2,578,415

12.4

International*

909,275

896,201

1.5

Total - Scheduled Service

3,807,389

3,474,615

9.6

Total (Including Charter)

3,807,413

3,474,615

9.6

Available Seat Miles (000):

Domestic*

3,643,783

3,402,520

7.1

International*

1,076,041

1,082,176

(0.6)

Total - Scheduled Service

4,719,823

4,484,696

5.2

Total (Including Charter)

4,719,877

4,484,696

5.2

Passengers Boarded*

4,075,852

3,747,426

8.8

System Load Factor*

80.7

77.5

3.2

Average Passenger Journey*

934.1

927.2

0.7

* scheduled service

NOTE:     Numbers may not add or calculate due to rounding

US AIRWAYS, INC.

FIRST QUARTER 2005

Jan. - March
2005

Jan. - March
2004

Percent
Change

Revenue Passenger Miles (000):

Domestic*

7,367,403

6,830,801

7.9

International*

2,277,802

2,288,202

(0.5)

Total - Scheduled Service

9,645,205

9,119,003

5.8

Total (Including Charter)

9,646,143

9,120,038

5.8

Available Seat Miles (000):

Domestic*

10,171,190

9,891,866

2.8

International*

3,013,836

3,095,949

(2.7)

Total - Scheduled Service

13,185,026

12,987,815

1.5

Total (Including Charter)

13,186,167

12,990,268

1.5

Passengers Boarded*

10,252,405

9,851,457

4.1

System Load Factor*

73.2

70.2

2.9

Average Passenger Journey*

940.8

925.7

1.6

* scheduled service

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

 

US AIRWAYS EXPRESS**

SELECTED TRAFFIC STATISTICS

March
2005

March
2004

Percent
Change

Revenue Passenger Miles (000)

319,092

120,109

165.7

Available Seat Miles (000)

480,624

211,314

127.4

Passengers Boarded*

849,900

517,417

64.3

System Load Factor*

66.4

56.8

9.6

Average Passenger Journey

375.4

232.1

61.7

 

US AIRWAYS EXPRESS**

FIRST QUARTER 2005

Jan. - March
2005

Jan. - March
2004

Percent
Change

Revenue Passenger Miles (000)

733,273

302,116

142.7

Available Seat Miles (000)

1,243,995

590,378

110.7

Passengers Boarded*

2,027,623

1,328,702

52.6

System Load Factor*

58.9

51.2

7.8

Average Passenger Journey

361.6

227.4

59.0

*scheduled service
** ** Piedmont Airlines, Inc., PSA Airlines, Inc., and MidAtlantic Airways

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

 

- 30 -

 

NUMBER: 4920

 

 

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