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)
March 12, 1998
US Airways Group, Inc.
(Commission file number: 1-8444)
(Exact name of registrant as specified in its charter)
Delaware US Airways Group, Inc. 54-1194634
(State of incorporation (I.R.S. Employer Identification No.)
of registrant)
US Airways Group, Inc.
2345 Crystal Drive, Arlington, VA 22227
(Address of principal executive offices)
(703) 872-5306
(Registrant's telephone number, including area code)
Item 5. Other Events
On March 12, 1998, US Airways Group, Inc. (the Company) and
the holders of the Company's Series H Senior Cumulative
Convertible Preferred Stock (Series H Preferred Stock),
affiliates of Berkshire Hathaway, Inc., completed a transaction
whereby the Series H Preferred Stock was converted into 9,239,938
shares of the Company's common stock, $1.00 par value, and the
Series H Preferred Stock was retired.
The Series H Preferred Stock was the Company's last
outstanding preferred stock issuance. During 1997, the Company
retired its publicly-held Series B Preferred Stock and the
preferred stock held by British Airways, Plc. The annual dividend
payments associated with these preferred stock issuances totaled
approximately $79 million.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has duly caused this report to be signed
on its behalf by the undersigned hereunto duly authorized.
US Airways Group, Inc. (REGISTRANT)
Date: March 12, 1998 By: /s/ James A. Hultquist
---------------------------------
James A. Hultquist
Controller (Chief Accounting Officer)
