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)
September 12, 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) 872-7000
(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 September 12, 2000, US Airways, Inc. (US Airways)(a wholly-owned
subsidiary of US Airways Group, Inc.) provided certain forward-looking
statements 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; financing costs;
aviation fuel costs; the anticipated merger of the Company and a subsidiary
of UAL Corporation; 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; other operational matters
discussed below 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 September 12, 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: September 12, 2000 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
US Airways, Inc. (REGISTRANT)
/s/ Anita P. Beier
Date: September 12, 2000 By: --------------------------------
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
(this space intentionally left blank)
Exhibit 99
September 12, 2000
Dear Analysts and Investors:
Attached please find the September US Airways Investor Update and the
Company's Fleet Plan Forecast for 2000. I hope you find the Forecast
useful in your analysis of the Company.
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 statements. Additional
information concerning the factors, which could cause actual results to
differ materially from the forward-looking statements, 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.)
September 2000
<CAPTION>
Year-over-Year Percentage Change
---------------------------------------------------------------------
Selected Operating and Financial Statistics August (Actual) September October November FY 2000
------------------------------------------- --------------- --------- ------- -------- -------
<S> <C> <C> <C> <C> <C>
Available Seat Miles - Scheduled Service
-Domestic 12.6 % 17.0 % 11.4 % 8.6 % 9.7 %
-International 41.0 41.0 40.2 42.8 27.9
---- ---- ---- ---- ----
Total 16.0 % 19.9 % 14.7 % 12.4.% 11.8 %
Revenue Passenger Miles - Scheduled Service
-Domestic 15.4 % 18.3 % 12.0 % 9.1 % 9.5 %
-International 43.1 42.2 38.2 47.1 29.0
---- ---- ---- ---- ----
Total 19.1 % 21.8 % 15.5 % 13.6 % 12.0 %
Passenger Load Factor 2.0 points 1.0 points 0.5 points 0.7 points (0.1)points
Aviation Fuel
-Cost of Aviation Fuel Per Gallon
- Excluding Taxes 51 % 60 % 39 % 35 % 69 %
Fleet Additions
-A320 Family 5 8 8 6 48
-A330 0 0 0 1 7
-- -- -- -- --
Total 5 8 8 7 55
Fleet Retirements
-B737-200 1 2 4 3 16
-B727-200 0 1 3 0 4
-DC9-30 0 3 1 1 13
-- -- -- -- --
Total 1 6 8 4 33
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 statements. Additional information concerning the factors, which
could cause actual results to differ materially from the forward-looking statements, 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
September 2000
<CAPTION>
Number of Aircraft: Year End 2000
Fleet Count as ----------------------------------------------------------------
Fleet Type of 8/31/2000 Average Seats Average Age (yrs.) Owned Leased Total
---------- -------------- ------------- ------------------ ----- ------ -----
<S> <C> <C> <C> <C> <C> <C>
A330 5 266 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 16 15 31
B737-300 85 126 13.7 11 74 85
B737-200 55 116 18.0 40 3 43
DC9-30 30 100 25.6 19 2 21
F-100 40 97 10.1 36 4 40
A320 Family 63 128 1.1 31 57 88
--- --- ---- --- --- ---
Average Total Aircraft 413 134 11.0 210 205 415
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 statements. Additional information concerning the factors, which
could cause actual results to differ materially from the forward-looking statements, 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>
