EXHIBIT 99.1

Contact:	Janice Monahan
	480/693-5729

FOR IMMEDIATE RELEASE: Wednesday, Feb. 2, 2005

AMERICA WEST REPORTS RECORD JANUARY TRAFFIC

     PHOENIX — America West Airlines (NYSE:AWA) today reported traffic statistics for the month of January 2005. Revenue passenger miles (RPMs) for January 2005 were a record 1.8 billion, an increase of 8.6 percent from January 2004. Capacity for January 2005 was 2.4 billion available seat miles (ASMs). The passenger load factor for the month of January was a record 74.4 percent vs. 67.9 percent in January 2004.

     “We set a new record passenger load factor for the month of January, which provides ongoing evidence of strong customer demand for the America West product,” said Scott Kirby, executive vice president, sales and marketing. “In addition, we continued to focus on aggressively managing our inventory in peak travel periods during January, and as a result, our unit revenues during January 2005 improved over January 2004. With sustained passenger demand and diligent inventory management during peak travel periods, we also anticipate improvements in our unit revenue during February and March.”

     The following summarizes America West’s January traffic results for 2005 and 2004:

	Jan. 2005		Jan. 2004		% Change
Revenue Passenger Miles (000)		1,820,973		1,676,311		8.6
Available Seat Miles (000)		2,447,589		2,467,891		(0.8	)
Load Factor (percent)		74.4		67.9	6.5		pts.
Enplanements		1,679,095		1,549,799		8.3

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     America West will report to the Department of Transportation that its domestic on-time performance was 71.9 percent for the month of January and its completion factor was 97.2 percent.

     For additional information regarding the airline’s current cost per available seat mile (CASM) guidance, fuel hedging positions, and estimated capital expenditures for 2005, please visit the investor relations update, which is located in the “About AWA” section of the airline’s Web site at www.americawest.com. The investor relations update page also includes current distribution percentages (information on the airline’s distribution channels) and fleet plan through 2007 .

     America West Airlines is the nation’s second largest low-cost airline and offers a range of services such as first class, assigned seating, airport clubs and an award winning frequent flyer program. America West’s 13,000 employees serve 55,000 customers a day to 96 destinations in the U.S., Canada, Mexico and Costa Rica. This press release and additional information on America West can be accessed at www.americawest.com. (AWAT)

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This press release contains forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995 that involve risks and uncertainties that could cause
America West’s actual results and financial position to differ materially from these statements.
These forward looking statements may be identified by words such as “anticipate,” “believe,”
“estimate,” “expect,” “may,” “will,” “intend,” “plan,” “predict,” and similar terms used in
connection with statements regarding our outlook, expected fuel costs, the RASM environment, and
our expected 2005 financial performance. The risks and uncertainties relating to forward looking
statements include, but are not limited to, the duration and extent of the current soft economic
conditions; the impact of global instability including the continuing impact of the continued
military presence in Iraq and Afghanistan and the terrorist attacks of Sept. 11, 2001 and the
potential impact of future hostilities, terrorist attacks, infectious disease outbreaks or other
global events; limitations on our ability to obtain additional financing due to high levels of
debt and the financial and other covenants in our debt instruments; changes in federal and state
laws and regulations; changes in prevailing interest rates and the availability of and terms of
financing to fund our business; the ability to attract and retain qualified personnel; the
cyclical nature of the airline industry; competitive practices in the industry, including
significant fare restructuring activities by major airlines; the impact of changes in fuel
prices; relations with unionized employees generally and the impact and outcome of the labor
negotiations and other factors described from time to time in the company’s publicly available
SEC reports. We caution you that these risks may not be exhaustive. We operate in a
continually changing business environment, and new risks emerge from time to time. The company
undertakes no obligation to publicly update any forward-looking statement to reflect events or
circumstances that may arise after the date of this press release.

-AWA-