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Previous: OPPENHEIMER INTEGRITY FUNDS, 485APOS, EX-1, 2000-12-12 |
Next: SIX FLAGS INC, 8-K, 2000-12-12 |
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)
December 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 7. Financial Statements and Exhibits
(c) Exhibit
Designation
Description
------------
------------
99
Letter to investment community
dated December 12, 2000
Item 9. Regulation FD Disclosure
On December 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.
The furnishing of this letter is not intended to constitute a representation that such furnishing is required by Regulation FD or that the information it contains is material investor information that is not otherwise publicly available. In addition, all of the information in the letter is presented as of December 12, 2000, and US Airways does not assume any obligation to update such information in the future.
(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: December 12, 2000
By: /s/ Anita P. Beier
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
US Airways, Inc. (REGISTRANT)
Date: December 12, 2000
By: /s/ Anita P. Beier
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
(this space intentionally left blank)
Exhibit 99
December 12, 2000
Dear Analysts and Investors:
Attached please find the December 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.
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 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.
US AIRWAYS INVESTOR UPDATE
US Airways, Inc. (A Wholly-Owned Subsidiary of US Airways Group, Inc.)
December 2000
|
Year-over-Year Percentage Change |
|||||||||||||
|
Selected Operating and Financial Statistics |
November |
|
|
January 2001 |
February 2001 |
||||||||
|
Available Seat Miles - Scheduled Service |
|||||||||||||
|
-Domestic |
10.0 |
% |
8.5 |
% |
9.8 |
% |
16.1 |
% |
6.0 |
% |
|||
|
-International |
38.5 |
44.4 |
27.3 |
54.3 |
49.8 |
||||||||
|
|
|
|
|
|
|||||||||
|
Total |
13.2 |
% |
12.6 |
% |
11.9 |
% |
20.5 |
% |
10.8 |
% |
|||
|
Revenue Passenger Miles - Scheduled Service |
|||||||||||||
|
-Domestic |
13.4 |
% |
13.9 |
% |
10.2 |
% |
20.6 |
% |
8.9 |
% |
|||
|
-International |
33.6 |
33.5 |
26.8 |
53.6 |
56.6 |
||||||||
|
|
|
|
|
|
|||||||||
|
Total |
15.8 |
% |
16.3 |
% |
12.3 |
% |
24.8 |
% |
14.1 |
% |
|||
|
Passenger Load Factor |
1.6 points |
2.1 points |
0.3 points |
2.1 points |
1.9 points |
||||||||
|
Aviation Fuel |
|||||||||||||
|
-Cost of Aviation Fuel Per Gallon |
|||||||||||||
|
-Excluding Taxes |
59 |
% |
44 |
% |
71 |
% |
31 |
% |
14 |
% |
|||
|
Fleet Additions |
|||||||||||||
|
-A320 Family |
6 |
5 |
50 |
1 |
2 |
||||||||
|
-A330 |
0 |
2 |
7 |
1 |
1 |
||||||||
|
|
|
|
|
|
|||||||||
|
Total |
6 |
7 |
57 |
2 |
3 |
||||||||
|
Fleet Retirements |
|||||||||||||
|
-B737-200 |
3 |
3 |
16 |
0 |
0 |
||||||||
|
-B727-200 |
0 |
0 |
4 |
0 |
0 |
||||||||
|
-DC9-30 |
1 |
2 |
11 |
7 |
3 |
||||||||
|
|
|
|
|
|
|||||||||
|
Total |
4 |
5 |
31 |
7 |
3 |
||||||||
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.
US AIRWAYS FLEET PLAN
December 2000
|
Number of Aircraft: Year End 2000 |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fleet Count |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Fleet Type |
as of |
Average |
Average |
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||
|
A330 |
5 |
266 |
0.6 |
7 |
0 |
7 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
B767-200 |
12 |
203 |
11.5 |
8 |
4 |
12 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
B757-200 |
34 |
182 |
10.2 |
23 |
11 |
34 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
B727-200 |
0 |
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 |
46 |
116 |
18.0 |
40 |
3 |
43 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
DC9-30 |
25 |
100 |
25.0 |
21 |
2 |
23 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
F-100 |
40 |
97 |
10.1 |
36 |
4 |
40 |
||||||||||||||||||||||||||||||||||||||||||||||||||
|
A320 Family |
85 |
128 |
1.1 |
33 |
57 |
90 |
||||||||||||||||||||||||||||||||||||||||||||||||||
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|
|
|
|
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||
|
Average Total Aircraft |
417 |
134 |
11.1 |
214 |
205 |
419 |
||||||||||||||||||||||||||||||||||||||||||||||||||
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.
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