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 9, 1999
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) 872-5306
(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 April 9, 1999, US Airways, Inc. (US Airways)(a wholly-
owned subsidiary of US Airways Group, Inc.) provided certain
forward-looking information 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
information" which is subject to a number of risks and
uncertainties. The preparation of forward-looking information
requires the use of estimates of future revenues, expenses,
activity levels and economic and market conditions, many of which
are outside of US Airways' control. Specific factors that could
cause actual results to differ materially from those set forth in
the forward-looking information include: economic conditions,
labor costs, aviation fuel costs, competitive pressures on
pricing--particularly from lower-cost competitors, weather
conditions, government legislation, 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 information, 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.
Item 7. Financial Statements and Exhibits
(c) Exhibit
Designation Description
- ----------- -----------
99 Letter to investment community
dated April 9, 1999
(this space intentionally left blank)
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 9, 1999 By: /s/ Thomas A. Mutryn
--------------------------------
Thomas A. Mutryn
Senior Vice President, Finance
Chief Financial Officer
US Airways, Inc. (REGISTRANT)
Date: April 9, 1999 By: /s/ Thomas A. Mutryn
--------------------------------
Thomas A. Mutryn
Senior Vice President, Finance
Chief Financial Officer
(this space intentionally left blank)
Exhibit 99
US Airways, Inc.
April 9, 1999
Dear Analysts and Investors:
Earlier this week, US Airways issued a traffic report for
the month of March. We at US Airways are pleased with
improvements in performance throughout March and we are happy to
report the trend is continuing. For example, our mileage
completion rate improved from 95.7% in the March 1-15 period to
98.1% during the March 16-30 period and is at 98.4% through the
first week of April.
As an additional component of our ongoing efforts to provide
you with timely and relevant information about US Airways and its
financial performance, I have attached the inaugural edition of
the US Airways Investor Update for the month of April and the
Company's Fleet Plan Forecast for fiscal year 1999. I am hopeful
that the information contained in the update and forecast will
assist you in your analysis of the Company. If you have any
questions with respect to the foregoing, please do not hesitate
to call me at 703-872-5009.
Very truly yours,
/s/ Kimberly A. Holland
-----------------------
Kimberly A. Holland
Director, Investor Relations
Enclosures
Certain of the information discussed above or enclosed herewith
may be considered forward-looking information. A number of risks
and uncertainties exist, which could cause the actual results to
differ materially from the results projected in such forward-
looking information. Additional information concerning the
factors, which could cause actual results to differ materially
from the forward-looking information, will be contained in a Form
8K to be filed with the Securities and Exchange Commission as
soon as practical following the release of this information.
<TABLE>
US AIRWAYS INVESTOR UPDATE
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
April 1999
<CAPTION>
Year-over-Year Percentage Change
--------------------------------------------------
Selected Operating and Financial Statistics April May June FY 1999
- ------------------------------------------- ----- ----- ----- -------
<S> <C> <C> <C> <C>
Available Seat Miles - Scheduled Service
-Domestic* 2.2 % 4.8 % 7.0 % 6.4 %
-International 18.2 9.0 15.0 17.4
---- ---- ---- -----
Total 3.7 % 5.2 % 7.9 % 7.5 %
Revenue Passenger Miles - Scheduled Service
-Domestic (0.7)% (0.1)% 3.3 % 3.5 %
-International 11.0 15.6 12.8 16.4
---- ---- ---- -----
Total 0.6 % 1.7 % 4.4 % 4.9 %
Passenger Load Factor (2.4) points (2.5) points (2.4) points (1.7) points
Aviation Fuel
-Cost of Aviation Fuel Per Gallon - Excluding Taxes (3.8)% 1.8 % 6.3 % 0.9 %
-Gallons of Aviation Fuel Consumed 4.2 6.9 8.2 6.7
Fleet Additions
-A319 1 1 1 22
-A320 0 2 2 11
-- -- -- ---
Total 1 3 3 33
Fleet Retirements
-B727-200 - Shuttle** 0 0 0 8
-DC9-30*** 0 0 0 16
-- -- -- ---
Total 0 0 0 24
* Our low-cost MetroJet unit capacity will increase 460% in 1999 and our higher-cost domestic mainline
operations will shrink approximately 4% in 1999.
** Shuttle, Inc. operations are a wholly-owned subsidiary of US Airways Group, Inc.
*** Three of these DC9-30 aircraft will be retired on January 1, 2000.
Certain of the information discussed above may be considered forward-looking information. A number of
risks and uncertainties exist, which could cause the actual results to differ materially from the results
projected in such forward-looking information. Additional information concerning the factors, which could
cause actual results to differ materially from the forward-looking information, will be contained in a
Form 8K to be filed with the SEC as soon as practical following the release of this information.
</TABLE>
<TABLE>
US AIRWAYS FLEET PLAN
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
April 1999
<CAPTION>
Number of Aircraft: 1999 Year End
Fleet Plan Average Average ---------------------------------
Fleet Type 03/31/1999 Seats Age (yrs.) Owned Leased Total
- ---------- ---------- ----- ---------- ----- ------ -----
<S> <C> <C> <C> <C> <C> <C>
B767-200 12 203 10.5 8 4 12
B757-200 34 182 9.2 23 11 34
MD-80 31 141 17.8 15 16 31
B737-400 54 144 10.0 19 35 54
B737-300 85 126 12.7 11 74 85
B737-200 - MetroJet 34 118 17.2 51 3 54
B737-200 30 108 20.0 6 4 10
B727-200 - Shuttle* 12 163 29.6 4 0 4
DC9-30** 47 100 22.9 30 7 37
F-100 40 97 9.1 36 4 40
A319 9 120 0.6 0 28 28
A320 1 142 0.5 0 11 11
--- --- ---- --- --- ---
Average Total Aircraft 389 134 12.7 203 197 400
1999
Hushkit Program Stage 2 Compliance
- --------------- ------- ----------
B737-200 28 Stage 3
B727-200 - Shuttle* 8 Retire
DC9-30** 16 Retire
Firm Order/Options Firm Reconfirmable Options
- ------------------ ---- ------------- -------
A319/320 128 112 160
A330 7 7 16
* Shuttle, Inc. operations are a wholly-owned subsidiary of US Airways Group, Inc.
** Three of these DC9-30 aircraft will be retired on January 1, 2000.
Certain of the information discussed above may be considered forward-looking information. A number of
risks and uncertainties exist, which could cause the actual results to differ materially from the results
projected in such forward-looking information. Additional information concerning the factors, which could
cause actual results to differ materially from the forward-looking information, will be contained in a
Form 8K to be filed with the SEC as soon as practical following the release of this information.
</TABLE>
