Exhibit 12
US Airways, Inc.
Computation of Ratio of Earnings to Fixed Charges
<TABLE>
<CAPTION>
Six Months Ended June 30, Years Ended December 31,
----------------------------------- -------------------------------------------
2000 1999 1999 1998 1997 1996 1995
---- ---- ---- ---- ---- ---- ----
(in thousands except ratio amounts)
Earnings
<S> <C> <C> <C> <C> <C> <C> <C>
Pre-tax income (loss) $(34,084) $ 666,862 $ 459,305 $ 935,844 $ 673,229 $ 191,043 $ 37,398
Add (deduct)
Fixed charges:
Interest expense $ 122,872 $ 97,200 $ 194,815 $ 223,604 $ 260,029 $ 283,936 $ 301,923
Amortization of debt
issue expense 2,052 1,394 2,579 6,507 2,684 2,844 3,724
Interest factor in
noncapitalized rentals 162,667 150,404 312,911 346,948 320,625 303,383 316,977
Interest capitalized** (7,684) (8,360) (18,082) 10,478 (11,582) (8,398) (8,781)
Amortization of previously
capitalized interest 5,602 5,127 10,830 10,112 10,269 10,286 10,238
-------- ------- -------- --------- ---------- -------- --------
$ 251,425 $ 912,627 $ 962,358 $ 1,533,493 $ 1,255,254 $ 783,094 $ 661,479
-------- ------- -------- --------- ---------- -------- --------
Fixed charges:
Interest expense $ 122,872 $ 97,200 $ 194,815 $ 223,604 $ 260,029 $ 283,936 $ 301,923
Amortization of debt
issue expense 2,052 1,394 2,579 6,507 2,684 2,844 3,724
Interest factor in
noncapitalized rentals 162,667 150,404 312,911 346,948 320,625 303,383 316,977
-------- ------- -------- --------- ---------- -------- --------
$ 287,591 $ 248,998 $ 510,305 $ 577,059 $ 583,338 $ 590,163 $ 622,624
-------- ------- -------- --------- ---------- -------- --------
Ratio of earnings to
fixed charges * 3.7 1.9 2.7 2.2 1.3 1.1
</TABLE>
* For the six months ended June 30, 2000 earnings were not sufficient to
cover fixed charges. Additional earnings of approximately $36 million
would have been required to achieve a ratio of 1.0.
** During the second quarter of 1998, US Airways wrote-off capitalized
interest on equipment purchase deposits in conjunction with the
settlement of litigation between US Airways and The Boeing Company.
