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)
November 15, 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 November 15, 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 November 15, 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)
/s/ Anita P. Beier
Date: November 15, 1999 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
US Airways, Inc. (REGISTRANT)
/s/ Anita P. Beier
Date: November 15, 1999 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
(this space intentionally left blank)
Exhibit 99
November 15, 1999
Dear Analysts and Investors:
Attached please find the US Airways Investor Update for the month of
October and the Company's Fleet Plan Forecast for 1999, 2000 and 2001.
I hope that 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 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 8-K to be filed with the Securities and Exchange
Commission.
<TABLE>
US AIRWAYS INVESTOR UPDATE
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
November 1999
<CAPTION>
Year-over-Year Percentage Change
-------------------------------------------------------------------------
Selected Operating and Financial Statistics October (Actual) November December FY 1999 January 2000
---------------- -------- -------- ------- ------------
<S> <C> <C> <C> <C> <C>
Available Seat Miles - Scheduled Service
-Domestic 5.6 % 5.5 % 3.0 % 2.6 % 5.3 %
-International 18.9 7.5 8.3 17.4 0.7
--- ---- ---- ---- ---
Total 7.0 % 5.7 % 3.6 % 4.1 % 4.7 %
Revenue Passenger Miles - Scheduled Service
-Domestic 0.8 % 3.7 % 1.3 % (1.6)% 3.5 %
-International 17.4 24.3 29.1 18.8 11.5
---- ---- ---- ---- ----
Total 2.8 % 5.9 % 4.2 % 0.7 % 4.5 %
Passenger Load Factor (2.9) points 0.1 points 0.4 points (2.4) points (0.2) points
Aviation Fuel
-Cost of Aviation Fuel Per Gallon
- Excluding Taxes 40.7 % 47.1 % 68.5 % 12.6 % 87.3 %
-Gallons of Aviation Fuel Consumed 4.6 5.0 2.7 2.9 3.7
Fleet Additions
-A319 3 2 2 22 1
-A320 0 2 1 12 2
-A330 0 0 0 0 0
-- -- -- -- --
Total 3 4 3 34 3
Fleet Retirements
-B737-200 2 1 2 5 0
-B727-200 - Shuttle* 1 2 4 8 0
-DC9-30 1 3 6 16 1
-- -- -- -- --
Total 4 6 12 29 1
* These aircraft are operated by Shuttle, Inc., a wholly-owned subsidiary of US Airways Group, Inc.
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 8-K to be filed with the Securities and Exchange Commission.
</TABLE>
<TABLE>
US AIRWAYS FLEET PLAN
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
November 1999
<CAPTION>
Number of Aircraft: Year End 1999 Estimated Fleet Count
Fleet Count --------------------------------------------------------------- ---------------------
as of
Fleet Type 10/31/1999 Average Seats Average Age (yrs.) Owned Leased Total YE 2000 YE 2001
- ---------- ---------- ------------- ------------------ ----- ------ ----- ------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-330 0 0 0.0 0 0 0 7 12
B767-200 12 203 10.5 8 4 12 12 8
B757-200 34 182 9.2 23 11 34 34 34
B727-200* 10 163 26.8 4 0 4 0 0
B737-400 54 144 10.0 19 35 54 54 54
MD-80 31 141 17.8 15 16 31 31 19
B737-300 85 126 12.7 11 74 85 81 72
B737-300 - MetroJet 0 0 0.0 0 0 0 4 13
B737-200 - MetroJet 45 115 17.4 39 3 42 42 42
B737-200 17 108 17.7 17 0 17 0 0
DC9-30 43 100 24.4 27 7 34 23 0
F-100 40 97 9.0 36 4 40 40 40
A-320 9 146 0.6 0 12 12 24 44
A-319 24 120 0.6 0 28 28 66 96
--- --- ---- --- --- --- --- ---
Average Total Aircraft 404 130 12.7 199 194 393 418 434
Hushkit Program 1999
as of 10/31/99 Stage 2 Compliance
- ---------------- ------- ----------
B737-200 5 Stage 3
B727-200* 6 Retire
DC9-30 9 Retire
Firm Order/Options
as of 10/31/99 Firm Reconfirmable Options
- ------------------ ---- ------------- -------
A319/320 121 196 50
A330 10 4 16
* These aircraft are operated by Shuttle, Inc., a wholly-owned subsidiary of US Airways Group, Inc.
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 8-K to be filed with the Securities Exchange Commission.
</TABLE>
