8-K

UNITED STATES SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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): May 3, 2006

US AIRWAYS GROUP, INC.

(Exact name of registrant as specified in its charter)

Delaware
(State of jurisdiction) 1-8444
(Commission File No.) 54-1194634
(IRS Employer Identification No.)

111 West Rio Salado Parkway
Tempe, Arizona 85281
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (480) 693-0800

US AIRWAYS, INC.

(Exact name of registrant as specified in its charter)

Delaware
(State of jurisdiction) 1-8442
(Commission File No.) 53-0218143
(IRS Employer Identification No.)

111 West Rio Salado Parkway
Tempe, Arizona 85281
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (480) 693-0800

AMERICA WEST AIRLINES, INC.

(Exact name of registrant as specified in its charter)

Delaware
(State of jurisdiction) 0-12337
(Commission File No.) 86-0418245
(IRS Employer Identification No.)

4000 E. Sky Harbor Boulevard
Phoenix, Arizona 85034-3899
(Address of principal executive offices and zip code)

Registrant’s telephone number, including area code: (480) 693-0800

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

	ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
	ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
SIGNATURES
EXHIBIT INDEX
Exhibit 99.1

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

     On May 3, 2006, US Airways Group, Inc. (“US Airways”), announced via press release certain traffic statistics for April 2006. A copy of US Airways’ press release is furnished pursuant to Item 2.02 as Exhibit 99.1 to this Current Report on Form 8-K.

ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.

(d) Exhibits.

Exhibit No.	Description
99.1	Press Release, dated May 3, 2006.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, US Airways Group, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	US Airways Group, Inc.
Dated: May 3, 2006	By:	/s/ Derek J. Kerr
		Derek J. Kerr
		Senior Vice President and Chief Financial Officer

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, America West Holdings Corporation has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	US Airways, Inc.
Dated: May 3, 2006	By:	/s/ Derek J. Kerr
		Derek J. Kerr
		Senior Vice President and Chief Financial Officer

     Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, America West Airlines, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	America West Airlines, Inc.
Dated: May 3, 2006	By:	/s/ Derek J. Kerr
		Derek J. Kerr
		Senior Vice President and Chief Financial Officer

EXHIBIT INDEX

Exhibit No.	Description
99.1	Press Release, dated May 3, 2006.

EX-99.1

EXHIBIT 99.1

For additional information, please contact US Airways Media Relations at 480-693-5729.

Contact:	Phil Gee
	480/693-5729

FOR IMMEDIATE RELEASE

US AIRWAYS GROUP, INC. REPORTS APRIL TRAFFIC

     TEMPE, Ariz., May 3, 2006 — US Airways Group, Inc. (NYSE: LCC) today reported April and year-to-date traffic results for 2006. For America West operated flights, revenue passenger miles (RPMs) for the month were 2 billion, down 1.2 percent from April 2005. Capacity was 2.5 billion available seat miles (ASMs), down 2.3 percent from April 2005. The passenger load factor for April was 82.6 percent versus 81.7 percent in April 2005.

     For US Airways mainline operated flights, RPMs for April 2006 were 3.2 billion, a decrease of 9 percent from April 2005. Capacity was 3.8 billion ASMs, down 16.2 percent from April 2005. The passenger load factor for the month of April was 82.4 percent versus 75.9 percent in April 2005.

     Executive Vice President, Sales and Marketing Scott Kirby said, “Our traffic results for April 2006 were very strong. Our load factor increased 4.9 points to 82.0% and on a consolidated (mainline and express) basis, we posted year-over-year passenger revenue per available seat mile improvements of over 25 percent.”

     Until US Airways operates under one certificate, data for America West and US Airways operated flights will continue to be reported separately. Additionally, US Airways Express consisting of PSA Airlines, Piedmont Airlines and US Airways’ MidAtlantic division will continue to report separate data. US Airways Group, Inc., consisting of America West, US Airways mainline and US Airways Express, combined operational information will also be reported.

     The following summarizes US Airways Group, Inc., America West, US Airways mainline and US Airways Express April and year-to-date results for 2006 and 2005:

Combined US Airways Group

	2006		2005		% Change
REVENUE PSGR MILES (000)		5,453,151		5,849,789		-6.8
Domestic		4,544,080		4,899,882		-7.3
International		909,071		949,907		-4.3
AVAILABLE SEAT MILES (000)		6,647,091		7,589,117		-12.4
Domestic		5,511,583		6,361,388		-13.4
International		1,135,508		1,227,729		-7.5
LOAD FACTOR (%)		82.0		77.1	4.9 PTS
ENPLANEMENTS		5,803,406		6,384,776		-9.1

YEAR-TO-DATE	2006		2005		% Change
REVENUE PSGR MILES (000)		20,144,561		21,900,251		-8.0
Domestic		16,903,725		18,436,625		-8.3
International		3,240,836		3,463,626		-6.4
AVAILABLE SEAT MILES (000)		26,024,475		29,320,439		-11.2
Domestic		21,612,631		24,771,735		-12.8
International		4,411,844		4,548,704		-3.0
LOAD FACTOR (%)		77.4		74.7	2.7 PTS
ENPLANEMENTS		21,590,834		23,837,830		-9.4

America West

	2006		2005		% Change
REVENUE PSGR MILES (000)		2,038,951		2,063,462		-1.2
Domestic		1,977,592		1,983,717		-0.3
International		61,359		79,745		-23.1
AVAILABLE SEAT MILES (000)		2,468,165		2,526,237		-2.3
Domestic		2,385,558		2,420,935		-1.5
International		82,607		105,302		-21.6
LOAD FACTOR (%)		82.6		81.7	0.9 PTS
ENPLANEMENTS		1,816,840		1,847,557		-1.7

YEAR-TO-DATE	2006		2005		% Change
REVENUE PSGR MILES (000)		7,699,234		7,734,505		-0.5
Domestic		7,422,168		7,418,843		0.0
International		277,066		315,662		-12.2
AVAILABLE SEAT MILES (000)		9,667,592		9,827,398		-1.6
Domestic		9,295,467		9,414,957		-1.3
International		372,125		412,441		-9.8
LOAD FACTOR (%)		79.6		78.7	0.9 PTS
ENPLANEMENTS		6,908,330		7,019,720		-1.6

US Airways Mainline

	2006		2005		% Change
REVENUE PSGR MILES (000)		3,160,189		3,472,706		-9.0
Domestic		2,312,477		2,602,544		-11.1
International		847,712		870,162		-2.6
AVAILABLE SEAT MILES (000)		3,836,419		4,576,427		-16.2
Domestic		2,783,518		3,454,000		-19.4
International		1,052,901		1,122,427		-6.2
LOAD FACTOR (%)		82.4		75.9	6.5 PTS
ENPLANEMENTS		3,192,936		3,693,788		-13.6

YEAR-TO-DATE	2006		2005		% Change
REVENUE PSGR MILES (000)		11,456,595		13,118,851		-12.7
Domestic		8,492,825		9,970,887		-14.8
International		2,963,770		3,147,964		-5.9
AVAILABLE SEAT MILES (000)		14,867,018		17,762,593		-16.3
Domestic		10,827,299		13,626,330		-20.5
International		4,039,719		4,136,263		-2.3
LOAD FACTOR (%)		77.1		73.9	3.2 PTS
ENPLANEMENTS		11,693,208		13,947,056		-16.2

US Airways Express — Piedmont
Airlines, PSA Airlines & US Airways’
MidAtlantic division

	2006		2005		% Change
REVENUE PSGR MILES (000)		254,011		313,621		-19.0
AVAILABLE SEAT MILES (000)		342,507		486,453		-29.6
LOAD FACTOR (%)		74.2		64.5	9.7 PTS
ENPLANEMENTS (includes Caribbean)		793,630		843,431		-5.9

YEAR-TO-DATE	2006		2005		% Change
REVENUE PSGR MILES (000)		988,732		1,046,895		-5.6
AVAILABLE SEAT MILES (000)		1,489,865		1,730,448		-13.9
LOAD FACTOR (%)		66.4		60.5	5.9 PTS
ENPLANEMENTS		2,989,296		2,871,054		4.1

Integration Update

     US Airways is also providing a brief update on the integration process between US Airways and America West. Listed below are major accomplishments from the month of April:

• Completed the previously announced redemption of approximately $112 million in principal amount of America West Holdings, Inc.’s 7.50 percent convertible senior notes due 2009.

• Announced the completion of a $1.25 billion debt refinancing transaction. The new loan, which was underwritten by GE Commercial Finance and Morgan Stanley Senior Funding, will bear interest at LIBOR plus 3.50 percent. The margin over LIBOR is reduced as the loan is paid down and can be as low as LIBOR plus 2.50 percent if the loan balance is $600 million or less.

• The Coca-Cola Company will be the exclusive provider of soft drinks on all US Airways flights as the two companies recently reached a multi-year deal. All US Airways mainline and US Airways Express flights will transition to Coca-Cola products this summer. Coca-Cola will also provide the airline with an array of juices and bottled water as well.

     America West and US Airways now report combined operational performance numbers to the Department of Transportation. For the month of April 2006, US Airways will report a domestic on-time performance of 80.1 percent and a completion factor of 99.5 percent.

     For additional information regarding the airline’s current cost per available seat mile (CASM) guidance, fuel hedging positions, and estimated capital expenditures for 2006, please visit the investor relations update, which is located in the “About AWA” section of the airline’s Web site at www.usairways.com or www.americawest.com.The investor relations update page also includes our fleet plan for 2006.

     US Airways and America West’s recent merger creates the fifth largest domestic airline employing approximately 35,000 aviation professionals and serving more than 230 destinations. This press release and additional information on US Airways can be found at www.usairways.com or www.americawest.com. (LCCT)

     US Airways is a member of Star Alliance, which was established in 1997 as the first truly global airline alliance to offer customers worldwide reach and a smooth travel experience. Star Alliance was voted Best Airline Alliance by Skytrax in 2003 and 2005. The members are Air Canada, Air New Zealand, ANA, Asiana Airlines, Austrian, bmi, LOT Polish Airlines, Lufthansa, Scandinavian Airlines, Singapore Airlines, South African Airways, Spanair, SWISS, TAP Portugal, THAI, United, US Airways and VARIG Brazilian Airlines. Regional member carriers Adria Airways (Slovenia), Blue1 (Finland) and Croatia Airlines enhance the global network. Overall, Star Alliance offers more than 15,500 daily flights to 842 destinations in 152 countries.

FORWARD-LOOKING STATEMENTS

Certain of the statements contained herein should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “could,” “should,” and “continue” and similar terms used in connection with statements regarding the outlook of US Airways Group (the “Company”), expected fuel costs, the revenue and pricing environment, and expected financial performance. Such statements include, but are not limited to, statements about the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results, the combined companies’ plans, objectives, expectations and intentions and other statements that are not historical facts. Such statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties that could cause the Company’s actual results and financial position to differ materially from these statements. Such risks and uncertainties include, but are not limited to, the following: the ability of the Company to obtain and maintain any necessary financing for operations and other purposes (including compliance with financial covenants); the ability of the Company to maintain adequate liquidity; the impact of changes in fuel prices; the impact of economic conditions; changes in prevailing interest rates; the ability to attract and retain qualified personnel; the ability of the Company to attract and retain customers; the ability of the Company to obtain and maintain commercially reasonable terms with vendors and service providers; the cyclical nature of the airline industry; competitive practices in the industry, including significant fare restructuring activities by major airlines; labor costs; security-related and insurance costs; weather conditions; government legislation and regulation; relations with unionized employees generally and the impact and outcome of the labor negotiations; the impact of global instability including the potential impact of current and future hostilities, terrorist attacks, infectious disease outbreaks or other global events; the impact of the resolution of remaining claims in US Airways Group’s

Chapter 11 proceedings; the ability of the Company to fund and execute its business plan following the Chapter 11 proceedings and the merger; and other risks and uncertainties listed from time to time in the Company’s reports to the SEC. There may be other factors not identified above of which the Company is not currently aware that may affect matters discussed in the forward-looking statements, and may also cause actual results to differ materially from those discussed. The Company assumes no obligation to publicly update any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Additional factors that may affect the future results of the Company are set forth in the section entitled “Risk Factors” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2005 and in the filings of the Company with the SEC, which are available at www.usairways.com.

-LCC-