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 15, 2000
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 March 15, 2000, 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 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; 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 served by
US Airways'; other operational matters discussed below; the impact of the
30-day cooling off period and potential cessation of operations associated
with the flight attendant negotiations 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.
Item 7. Financial Statements and Exhibits
(c) Exhibit
Designation Description
- ----------- -----------
99 Letter to investment community
dated March 15, 2000
(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: March 15, 2000 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
US Airways, Inc. (REGISTRANT)
/s/ Anita P. Beier
Date: March 15, 2000 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
(this space intentionally left blank)
Exhibit 99
March 15, 2000
Dear Analysts and Investors:
Attached please find the US Airways Investor Update and the Company's
Fleet Plan Forecast for 2000. These numbers reflect a negative impact on
bookings due to passenger uncertainty associated with our flight attendant
negotiations. However, the Company's Operating/Financial Statistics and
Fleet Plan Forecast may be further affected by the impact of the 30-day
cooling off period associated with these negotiations and potential
cessation of operations because of the flight attendant assertion that they
will implement their CHAOS program. The Company has stated that it will
cease operations rather than subject our customers to the uncertainty and
inconvenience of the AFA campaign.
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 information. Additional
information concerning the factors, which could cause actual results to
differ materially from the forward-looking information, 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.
<TABLE>
US AIRWAYS INVESTOR UPDATE
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
March 2000
<CAPTION>
Year-over-Year Percentage Change
---------------------------------------------------------------------
Selected Operating and Financial Statistics February (Actual) March April May FY 2000
- ------------------------------------------- ----------------- ----- ----- ----- -------
<S> <C> <C> <C> <C> <C>
Available Seat Miles - Scheduled Service
-Domestic 8.4 % 8.1 % 8.1 % 11.3 % 7.6 %
-International 6.8 2.4 7.9 20.6 24.3
--- ---- ---- ---- ----
Total 8.2 % 7.5 % 8.1 % 12.3 % 9.6 %
Revenue Passenger Miles - Scheduled Service
-Domestic 2.6 % (1.2)% (0.3)% 7.3 % 5.2 %
-International 2.3 (6.5) 2.8 10.2 18.3
---- ---- ---- ---- ----
Total 2.6 % (1.9)% 0.1 % 7.7 % 6.9 %
Passenger Load Factor (3.4) points (6.5) points (5.5) points (3.0) points (1.7) points
Aviation Fuel
-Cost of Aviation Fuel Per Gallon
- Excluding Taxes 136.9 % 123.8 % 76.8 % 67.0 % 45.9 %
Fleet Additions*
-A320 Family 1 2 3 2 50
-A330 0 1 2 2 7
-- -- -- -- --
Total 1 3 5 4 57
Fleet Retirements*
-B737-200 0 0 0 1 17
-B727-200 0 0 0 0 4
-DC9-30 0 0 0 2 11
-- -- -- -- --
Total 0 0 0 3 32
* Includes equipment operated by Shuttle, Inc.
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 information. Additional information concerning the factors, which
could cause actual results to differ materially from the forward-looking information, 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.
</TABLE>
<TABLE>
US AIRWAYS FLEET PLAN
March 2000
<CAPTION>
Number of Aircraft: Year End 2000
Fleet Count as ----------------------------------------------------------------
Fleet Type* of 2/29/2000 Average Seats Average Age (yrs.) Owned Leased Total
- ----------- -------------- ------------- ------------------ ----- ------ -----
<S> <C> <C> <C> <C> <C> <C>
A330 0 266 0.7 7 0 7
B767-200 12 203 11.5 8 4 12
B757-200 34 182 10.2 23 11 34
B727-200 4 0 0.0 0 0 0
B737-400 54 144 11.0 19 35 54
MD-80 31 141 18.8 15 16 31
B737-300 85 126 13.7 11 74 85
B737-200 59 116 18.0 39 3 42
DC9-30 33 100 25.6 17 2 23
F-100 40 97 10.1 36 4 40
A320 Family 44 128 1.1 49 41 90
--- --- ---- --- --- ---
Average Total Aircraft 396 134 11.0 224 190 418
* Includes equipment operated by Shuttle, Inc.
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 information. Additional information concerning the factors, which
could cause actual results to differ materially from the forward-looking information, 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.
</TABLE>
