-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OXczly73R5aEtT/gItALsErwoHx67cKQBK/aLI2Dk39/ylpIbwoC8R6MnPhBPDNB GSgP9HqxH4Iq7rahxf+JNA== 0000950153-07-001449.txt : 20070705 0000950153-07-001449.hdr.sgml : 20070704 20070705090036 ACCESSION NUMBER: 0000950153-07-001449 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20070705 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070705 DATE AS OF CHANGE: 20070705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICA WEST AIRLINES INC CENTRAL INDEX KEY: 0000706270 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 860418245 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-12337 FILM NUMBER: 07963272 BUSINESS ADDRESS: STREET 1: 4000 E SKY HARBOR BLVD STREET 2: STE 2100 CITY: PHOENIX STATE: AZ ZIP: 85034 BUSINESS PHONE: 6026930800 MAIL ADDRESS: STREET 1: 4000 EAST SKY HARBOR BLVD STREET 2: STE 2100 CITY: PHOENIX STATE: AZ ZIP: 85034 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US AIRWAYS INC CENTRAL INDEX KEY: 0000714560 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 530218143 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08442 FILM NUMBER: 07963273 BUSINESS ADDRESS: STREET 1: 111 WEST RIO SALADO PARKWAY CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: 4806930800 MAIL ADDRESS: STREET 1: 111 WEST RIO SALADO PARKWAY CITY: TEMPE STATE: AZ ZIP: 85281 FILER: COMPANY DATA: COMPANY CONFORMED NAME: US AIRWAYS GROUP INC CENTRAL INDEX KEY: 0000701345 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 541194634 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08444 FILM NUMBER: 07963274 BUSINESS ADDRESS: STREET 1: 111 WEST RIO SALADO PARKWAY CITY: TEMPE STATE: AZ ZIP: 85281 BUSINESS PHONE: 4806930800 MAIL ADDRESS: STREET 1: 111 WEST RIO SALADO PARKWAY CITY: TEMPE STATE: AZ ZIP: 85281 8-K 1 p74059ae8vk.htm 8-K e8vk
Table of Contents

 
 
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): July 5, 2007
US AIRWAYS GROUP, INC.
(Exact name of registrant as specified in its charter)
         
Delaware   1-8444   54-1194634
(State of jurisdiction)   (Commission File No.)   (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   1-8442   53-0218143
(State of jurisdiction)   (Commission File No.)   (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   0-12337   86-0418245
(State of jurisdiction)   (Commission File No.)   (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
EX-99.1


Table of Contents

ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.
     On July 5, 2007, US Airways Group, Inc. (“US Airways”), announced via press release certain traffic statistics for June 2007. 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 July 5, 2007.

 


Table of Contents

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: July 5, 2007  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, US Airways, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
         
  US Airways, Inc.

 
 
Dated: July 5, 2007  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: July 5, 2007  By:   /s/ Derek J. Kerr    
    Derek J. Kerr   
    Senior Vice President and
Chief Financial Officer 
 

 


Table of Contents

         
EXHIBIT INDEX
         
Exhibit No.   Description
       
 
  99.1    
Press Release, dated July 5, 2007.

 

EX-99.1 2 p74059aexv99w1.htm EX-99.1 exv99w1
 

(US AIRWAYS NEWS RELEASE LETTERHEAD)
U S AIRWAYS NEWS RELEASE 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 JUNE TRAFFIC
     TEMPE, Ariz., July 5, 2007 — US Airways Group, Inc. (NYSE: LCC) today reported June, second quarter and year-to-date traffic results for 2007. Revenue passenger miles (RPMs) for the month were 5.9 billion, up 0.4 percent from June 2006. Capacity was 6.9 billion available seat miles (ASMs), down 1.4 percent from June 2006. The passenger load factor for June was the highest load factor month in the history of US Airways at 85.3 percent versus 83.7 percent in June 2006.
     US Airways President Scott Kirby said, “Our year-over-year passenger revenue per available seat mile (PRASM) has gotten progressively better during the second quarter, and we ended the month of June with consolidated PRASM (mainline and Express) up slightly over June 2006. Looking forward, we see an encouraging revenue environment moving into the third quarter due, in part, to stronger year-over-year bookings and improving yield trends.”
     The airline also reported that its May 2007 PRASM, which was previously reported as slightly down when compared to the same period for the prior year, was slightly up on a year-over-year basis.
     America West and US Airways report combined operational performance to the Department of Transportation. For the month of June 2007, the combined domestic on-time performance was 61.6 percent with a completion factor of 97.2 percent.
     US Airways has updated its guidance in its latest Investor Relations Update which is also filed on Form 8-K. To access the report, go to www.usairways.com and navigate to About US >> Investor Relations >> Webcasts, Presentations and Updates >> Investor Relations Guidance.
     The following summarizes US Airways Group’s traffic results for June, the second quarter and year-to-date results for 2006 and 2007 consisting of America West and US Airways mainline operated flights as well as US Airways Express operated flights consisting of wholly owned subsidiaries PSA Airlines and Piedmont Airlines.

 


 

Consolidated US Airways Group, Inc.
JUNE
                         
    2007     2006     % Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    4,579,352       4,681,952       (2.2 )
Atlantic
    972,804       826,294       17.7  
Latin
    341,959       359,698       (4.9 )
 
                   
Total Consolidated Revenue Passenger Miles
    5,894,115       5,867,944       0.4  
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    5,339,324       5,596,550       (4.6 )
Atlantic
    1,145,793       945,746       21.2  
Latin
    422,568       464,361       (9.0 )
 
                   
Total Consolidated Available Seat Miles
    6,907,685       7,006,657       (1.4 )
 
                       
Consolidated Load Factor (%)
                       
Domestic
    85.8       83.7     2.1   pts
Atlantic
    84.9       87.4     (2.5 ) pts
Latin
    80.9       77.5     3.4   pts
 
                   
Total Consolidated Load Factor
    85.3       83.7     1.6   pts
 
                       
Consolidated Enplanements
                       
Domestic
    5,360,472       5,382,882       (0.4 )
Atlantic
    245,958       214,846       14.5  
Latin
    287,034       305,179       (5.9 )
 
                   
Total Consolidated Enplanements
    5,893,464       5,902,907       (0.2 )
QUARTER TO DATE
                         
    2007     2006     % Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    13,652,082       13,820,195       (1.2 )
Atlantic
    2,187,198       1,922,579       13.8  
Latin
    1,075,199       1,140,287       (5.7 )
 
                   
Total Consolidated Revenue Passenger Miles
    16,914,479       16,883,061       0.2  
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    16,316,231       16,811,328       (2.9 )
Atlantic
    2,707,663       2,315,075       17.0  
Latin
    1,349,443       1,485,236       (9.1 )
 
                   
Total Consolidated Available Seat Miles
    20,373,337       20,611,639       (1.2 )
 
                       
Consolidated Load Factor (%)
                       
Domestic
    83.7       82.2     1.5   pts
Atlantic
    80.8       83.0     (2.2 ) pts
Latin
    79.7       76.8     2.9   pts
 
                   
Total Consolidated Load Factor
    83.0       81.9     1.1   pts
 
                       
Consolidated Enplanements
                       
Domestic
    16,164,276       16,107,319       0.4  
Atlantic
    557,118       496,976       12.1  
Latin
    886,617       954,732       (7.1 )
 
                   
Total Consolidated Enplanements
    17,608,011       17,559,027       0.3  
YEAR TO DATE
                         
    2007     2006     % Change  
 
                       
Consolidated Revenue Passenger Miles (000)
                       
Domestic
    26,344,555       26,179,094       0.6  
Atlantic
    3,385,965       3,114,021       8.7  
Latin
    2,189,751       2,281,387       (4.0 )
 
                   
Total Consolidated Revenue Passenger Miles
    31,920,271       31,574,502       1.1  
 
                       
Consolidated Available Seat Miles (000)
                       
Domestic
    32,485,065       32,911,556       (1.3 )
Atlantic
    4,470,746       4,011,109       11.5  
Latin
    2,838,702       3,066,364       (7.4 )
 
                   
Total Consolidated Available Seat Miles
    39,794,513       39,989,029       (0.5 )
 
                       
Consolidated Load Factor (%)
                       
Domestic
    81.1       79.5     1.6   pts
Atlantic
    75.7       77.6     (1.9 ) pts
Latin
    77.1       74.4     2.7   pts
 
                   
Total Consolidated Load Factor
    80.2       79.0     1.2   pts
 
                       
Consolidated Enplanements
                       
Domestic
    30,964,325       30,682,797       0.9  
Atlantic
    862,303       801,252       7.6  
Latin
    1,759,496       1,862,434       (5.5 )
 
                   
Total Consolidated Enplanements
    33,586,124       33,346,483       0.7  
Notes:
1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2) Latin numbers include the Caribbean.

 


 

US Airways Mainline (US Airways and America West combined)
JUNE
                         
    2007     2006     % Change  
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    4,375,554       4,451,597       (1.7 )
Atlantic
    972,804       826,294       17.7  
Latin
    341,959       359,698       (4.9 )
 
                   
Total Mainline Revenue Passenger Miles
    5,690,317       5,637,589       0.9  
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    5,069,215       5,294,597       (4.3 )
Atlantic
    1,145,793       945,746       21.2  
Latin
    422,568       464,361       (9.0 )
 
                   
Total Mainline Available Seat Miles
    6,637,576       6,704,704       (1.0 )
 
                       
Mainline Load Factor (%)
                       
Domestic
    86.3       84.1     2.2   pts
Atlantic
    84.9       87.4     (2.5 ) pts
Latin
    80.9       77.5     3.4   pts
 
                   
Total Mainline Load Factor
    85.7       84.1     1.6   pts
 
                       
Mainline Enplanements
                       
Domestic
    4,624,499       4,596,231       0.6  
Atlantic
    245,958       214,846       14.5  
Latin
    287,034       305,179       (5.9 )
 
                   
Total Mainline Enplanements
    5,157,491       5,116,256       0.8  
 
                       
QUARTER TO DATE
                       
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    13,028,642       13,088,929       (0.5 )
Atlantic
    2,187,198       1,922,579       13.8  
Latin
    1,075,199       1,140,287       (5.7 )
 
                   
Total Mainline Revenue Passenger Miles
    16,291,039       16,151,795       0.9  
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    15,465,397       15,834,072       (2.3 )
Atlantic
    2,707,663       2,315,075       17.0  
Latin
    1,349,443       1,485,236       (9.1 )
 
                   
Total Mainline Available Seat Miles
    19,522,503       19,634,383       (0.6 )
 
                       
Mainline Load Factor (%)
                       
Domestic
    84.2       82.7     1.5   pts
Atlantic
    80.8       83.0     (2.2 ) pts
Latin
    79.7       76.8     2.9   pts
 
                   
Total Mainline Load Factor
    83.4       82.3     1.1   pts
 
                       
Mainline Enplanements
                       
Domestic
    13,935,095       13,721,143       1.6  
Atlantic
    557,118       496,976       12.1  
Latin
    886,617       954,732       (7.1 )
 
                   
Total Mainline Enplanements
    15,378,830       15,172,851       1.4  
YEAR TO DATE
                         
    2007     2006     % Change  
 
                       
Mainline Revenue Passenger Miles (000)
                       
Domestic
    25,133,476       24,713,107       1.7  
Atlantic
    3,385,965       3,114,021       8.7  
Latin
    2,189,751       2,281,387       (4.0 )
 
                   
Total Mainline Revenue Passenger Miles
    30,709,192       30,108,515       2.0  
 
                       
Mainline Available Seat Miles (000)
                       
Domestic
    30,768,713       30,786,942       (0.1 )
Atlantic
    4,470,746       4,011,109       11.5  
Latin
    2,838,702       3,066,364       (7.4 )
 
                   
Total Mainline Available Seat Miles
    38,078,161       37,864,415       0.6  
 
                       
Mainline Load Factor (%)
                       
Domestic
    81.7       80.3     1.4   pts
Atlantic
    75.7       77.6     (1.9 ) pts
Latin
    77.1       74.4     2.7   pts
 
                   
Total Mainline Load Factor
    80.6       79.5     1.1   pts
 
                       
Mainline Enplanements
                       
Domestic
    26,737,016       26,100,955       2.4  
Atlantic
    862,303       801,252       7.6  
Latin
    1,759,496       1,862,434       (5.5 )
 
                   
Total Mainline Enplanements
    29,358,815       28,764,641       2.1  
Notes:
1) Canada, Puerto Rico and U.S. Virgin Islands are included in the domestic results.
2) Latin numbers include the Caribbean.

 


 

US Airways Express (Piedmont Airlines, PSA Airlines, US Airways MidAtlantic Division)
JUNE
                         
    2007     2006     % Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    203,798       230,355       (11.5 )
 
                       
Express Available Seat Miles (000)
                       
Domestic
    270,109       301,953       (10.5 )
 
                       
Express Load Factor (%)
                       
Domestic
    75.5       76.3     (0.8 ) pts
 
                       
Express Enplanements
                       
Domestic
    735,973       786,651       (6.4 )
QUARTER TO DATE
                         
    2007     2006     % Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    623,440       731,266       (14.7 )
 
                       
Express Available Seat Miles (000)
                       
Domestic
    850,834       977,256       (12.9 )
 
                       
Express Load Factor (%)
                       
Domestic
    73.3       74.8     (1.5 ) pts
 
                       
Express Enplanements
                       
Domestic
    2,229,181       2,386,176       (6.6 )
YEAR TO DATE
                         
    2007     2006     % Change  
 
                       
Express Revenue Passenger Miles (000)
                       
Domestic
    1,211,079       1,465,987       (17.4 )
 
                       
Express Available Seat Miles (000)
                       
Domestic
    1,716,352       2,124,614       (19.2 )
 
                       
Express Load Factor (%)
                       
Domestic
    70.6       69.0     1.6   pts
 
                       
Express Enplanements
                       
Domestic
    4,227,309       4,581,842       (7.7 )
Notes:
1) US Airways Express includes data for US Airways’ MidAtlantic division through May 27, 2006.
2) Canada is included in domestic results.

 


 

Other Notable Accomplishments
     US Airways is also providing a brief update on the integration process between US Airways and America West. Listed below are major accomplishments or announcements from the month of June:
    Announced a replacement aircraft order with Airbus S.A.S. for 60 A320 family narrowbody airplanes and 32 A330 and A350 widebody aircraft.
 
    Hired approximately 1,000 additional airport employees, which the airline announced earlier this year.
 
    Inaugurated new service from Philadelphia to Brussels and Zurich, rounding out the airline’s European presence to 19 cities in 12 countries.
 
    Began installing the first wave of the 600 replacement kiosks primarily throughout the airline’s East Coast operation.
 
    Held the second annual US Airways Chairman’s Awards, which honored more than 200 employees for services above and beyond their normal call of duty.
     US Airways is the fifth largest domestic airline employing nearly 36,000 aviation professionals worldwide. US Airways, US Airways Shuttle and US Airways Express operate approximately 3,800 flights per day and serve more than 230 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The new US Airways — the product of a merger between America West and US Airways in September 2005 — is a member of the Star Alliance network, which offers our customers 16,000 daily flights to 855 destinations in 155 countries worldwide. This press release and additional information on US Airways can be found at www.usairways.com. (LCCT)
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,” “indicate,” “anticipate,” “believe,” “forecast,” “estimate,” “plan,” “guidance,” “outlook,” “could,” “should,” “continue” and similar terms used in connection with statements regarding the outlook of US Airways Group, Inc. (the “Company”). Such statements include, but are not limited to, statements about expected fuel costs, the revenue and pricing environment, the Company’s expected financial performance and operations, future financing plans and needs, overall economic conditions and the benefits of the business combination transaction involving America West Holdings Corporation and US Airways Group, including future financial and operating results and the combined companies’ plans, objectives, expectations and intentions. Other forward-looking statements that do not relate solely to historical facts include, without limitation, statements that discuss the possible future effects of current known trends or uncertainties or which indicate that the future effects of known trends or uncertainties cannot be predicted, guaranteed or assured. 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 the Company’s expectations. Such risks and uncertainties include, but are not limited to, the following: the impact of high fuel costs, significant disruptions in the supply of aircraft fuel and further significant increases to fuel prices; our high level of fixed obligations and our ability to obtain and maintain financing for operations and other purposes; our ability to achieve the synergies anticipated as a result of the merger and to achieve those synergies in a timely manner; our ability to integrate the management, operations and labor groups of US Airways Group and America West Holdings; labor costs and relations with unionized employees generally and the impact and outcome of labor negotiations; the impact of global instability, including the current instability in the Middle East, the continuing impact of the military presence in Iraq and Afghanistan and the terrorist attacks of September 11, 2001 and the potential impact of future hostilities, terrorist attacks, infectious disease outbreaks or other global events that affect travel behavior; reliance on automated systems and the impact of any failure or disruption of these systems; the impact of future significant operating losses; changes in prevailing interest rates; our ability to obtain and maintain commercially reasonable terms with vendors and service providers and our reliance on those vendors and service providers; security-related and insurance costs; changes in government legislation and regulation; our ability to use pre-merger NOLs and certain other tax attributes; competitive practices in the industry, including significant fare restructuring activities, capacity reductions and in court or out of court restructuring by major airlines; continued existence of prepetition liabilities; interruptions or disruptions in service at one or more of our hub airports;

 


 

weather conditions; our ability to obtain and maintain any necessary financing for operations and other purposes; our ability to maintain adequate liquidity; our ability to maintain contracts that are critical to our operations; our ability to operate pursuant to the terms of our financing facilities (particularly the financial covenants); our ability to attract and retain customers; the cyclical nature of the airline industry; our ability to attract and retain qualified personnel; economic conditions; and other risks and uncertainties listed from time to time in our reports to the Securities and Exchange Commission. 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. All forward-looking statements are based on information currently available to the Company. The Company assumes no obligation to publicly update or revise any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates. Additional factors that may affect the future results of the Company are set forth in the section entitled “Risk Factors” in the Company’s Quarterly Report on Form 10-Q for the period ended March 31, 2007, which is available at www.usairways.com.
-LCC-

 

GRAPHIC 3 p74059ap7405901.gif GRAPHIC begin 644 p74059ap7405901.gif M1TE&.#EAE@)@`/<``````(````"``("`````@(``@`"`@,#`P,#/CX^KJZO'Q\?CX^/_[\*"@I("`@/\```#_ M`/__````__\`_P#______RP`````E@)@```(_@#_"1Q(L*#!@P@3*ES(L*'# MAQ`C2IQ(L:+%BQ@S:MS(L:/'CR!#+I0'3Z3)DRA3JES)LJ7+ES!CRIP)D]Z! M`_%HZMS)LZ?/GT"#"AU*E*#-FP?D%5W*M*G3IU"C2ITJ\*8[=P=XS:/*M:O7 MKV##BAT*#RE27O3&JEW+MJW;MV/E'<"*%2F\M'#SZMW+MZ_?C?.07K5Z,^?? MPX@3*UXL_"KN MYS?A;07.O;OW[P_I_@E73=FU]?.?E^/.S-ZS;>O2WTF:+^E><^GI"=O%"[Z_ M__^,B4<=QIAQZY]4VFWZ;38<<@^[==F-&FH(SXX\[B@)A>R\<]EUK6FH MHH=()AE5/!5,0,&34$;9AF$)J1-EE/>TQ>*`Q1F8G'Z#W4/?F&/><\\[,][( M8V3R/#:/@.(M1(^$$[(CCW".E47=7!KRI^2?@"X%#P,/0`#!`X@:>BBBDBPT M!**%+NI`.VJ)1U*!7V*'H6#NO$/AIZ!^*HF0JCD6IT;P_%AG0SSK(#[4>>UCFO0'IF M5>*V_/;[4K??XJHKE0:-*["P4;%(TH7W)7L?;-@Q]VZ%[U1LL9BAVOG1N^SP M6I6^1_HK\L@@`1PPKN$6_&VY4`E77J;0P49CD1K*XXZJ[70,Y[GU3NN1/!R; M*`\O^Y)L]-$=F7PRL!(03)#!N2+,U(#'4N?/$"JF@'];QJTCA3 M.E";2*>M]D5*+VUHRD^O+#51Q6**8()7XSBD_CLUSU-/00>P0^$[(5<+*CN% M6R3MX&LW[CA%;2\]\$%0*\JR0O.\;%?B.POH&.;"=>ZYL9XA=]YQ%;?S(WUG M)I70/&(?X*=!$[>3N%&S*]2SO`T):)'O%)TJD?"/%\]5Y&[#+5#EP,Y=T,WK MJ#-!!=170($$ZT@BNU'LK(//.MZ##SXO"!T@_OGG2W(L5KRPT\;[\,,?&R^> MMB'!!$-4G__U;00):T%``Q+Y=`>JQ%W*+/"(1^X*PC&G&:4XF*K9`@TR(,V] MJF@+J5L$$SC!LUF0:+]!A(/G+'# M@041&SMR5Q8)":Y.JGO'_PP2P#HM!@S8_=P6F!NV2Q?)O*:0%DD M]58F@5K^PY&7$\@\UG&H5EJN`M0ZP!`"]H"#R".4`:M`.UJE&TF`\Q[N_B"G M.155`4P"[E.$4P@\0.5/?-U#CW7*8ZC>D;O%3:B@`Y$60A$**G<MDE@0V'UJ>P@I8YVHE*J%(F6D-?3IIRQ* M$&4":50W@>,:'0@[A8+UJH>#&S71%-9=3A$>!R5H6&O'NY/:-28I7<<[0$FN M;L9-A02YQ\D*9;T(`%5@ZLA)46]54P-:)$$`J`#G64X*@<6)!.MM"M4,/A3&+0O=0_M&<@%1+=U`4)ZT5#R"?99!4 M:0\>;8(325`+MO8!M$1;*M8;J212@K*66++\U%VGZY*4MF$>[&CI7P\V$'BP M4J=M8&O@3LG==ZQSL@:99"4OV2Z^XLH!9CH9!=;1CHI)`A]M<*$#)N#-@6Z5 M."`BG3'9<0_^U,Z:!HGNA+(JU7;P)QZA*JU`;*+'>W@S'NY08$+D8<6"EJW` M".$//8R)X(+X=VS433%*K$L/>+@W5Q,P$3@1QH[#,A8?1SK`BX'%7WIP%@(` MQ.RW*J`^/MV#O+>J@/GBB<%_4.T=[SN2.]9HIBJ/-&>QC2A"IUB0$>L1JO\` M)FP-_*F.O6YB67W(_I2E*Q"$NA0A:[97!\6FXCJ;Q+I;:8=D(WNH@LYXPB=3 MAS<%KVL<\E5HVGB90YDP!EB%0]+6H*V?G6'\'S/^(A`A)4\(J`92.X:*&Z09]#=7AH.V MX@TH1-E*Z:Y,7G$8I^7/_^CXPBW$FS@B1!`)7?H-D95*)=D%!E%(6"6;K$66"C'2^NV M:O,BA;D(+U/D3"$(+UTX)QKU#K5$8;_8+"CS#W!D,=!X)M%X)F82;@CA7KE7 M%;8R.;8$ADH62Q7``#OH3A7'5`*54X:%A/]0<6T@3O'0!D>T>0F6;!'`9;S0 M1(AR)/)`*%!(#_@`5*^4$"QE*!%0Y1#PT&LJ=23W`&T1\0YE""R/&%4Y!0$,8(WK&"EQ2$6&-I8# M\8^'LD43V5@N]0X-,`0)X5WE]`""1I:%\@#XX"?O``%#,#M6AY>``P$0"8F8 M:#GH1Q"3.)(%QS(+D)$GLY%)N#+J(!".%@''9TH"$X0'T'3/)I>0V08,@$/F M9(X.N&\(455311`4I8*TJ3UI,6O;@8+UT7:T.8$EL6F'4U^OPB,12'U&H8"P M!7-BLYN]28$M&'6K%YW2.9W2"0'C2!!2N4(`_J,KUJACAT(!WO1)4(@0\]`& M\K1)OU9S!"$/9=D`:,F.1K$.?[F8R^H8/$F`H M_900Y@4L4S0$"I!J)5203>4]@2*1!"$)JEAPC[0\0G8HGK6A'-JA&ZH`PG(` MDE53[10Y_]EF)1?59JE6JJEW^@0 M4DF5V^E7-N=>0]14$7&'ZS`/4N>?9\-7[ID0\,F#%;>6)I9L0U!#\-`DC:4B M#L``!G2`<+>-='H0_OK$EWA18_0Y$(96H+@3H8W)8VE&#Z192<*2HOP4)-"8 MJ9I:,53B0GOV`#GJ:/V$&>93AJ\H.!'W:VCI9+"S#A7PJ+F"0A'8AK0C*CM* M(>KI$*?VAPIFG!`1YPD[380<7)'UM6$1%X+[V:^RD#G M%0%JN@#C&:.,-01G*"L%6RV3.EAF,R@$F2OR2A$B^BW>YDJG:"-']BM.\BN; MV&H6ZK'`6B=8>WA61"5N%CR[PUQEAF_E4V&K6IP#.[.\1;,PBQ!`-+JDJT-( M&W61HIW/*J:2H``*8)RN9E@SI0XJ:X@0`$L**W9^&;7O&2F@]0!#0)7$9*?D MDZP"/-D"DBK#1&4"KS`#!R4^+"L//N7JONSVR$7.!%][U!MA_5KM3L/ M0Y"(JT.M$""/[N2FO6LHZD`_K/0`%#"PZ.JN62)8]_<&]$]:^W_L.&!DPQ]>\.APR`VE"-Y4@(BPY M:5H0$3`$-/2:%HI^-FIW._MA6D:_$P&DDJ`BM^2_)]M!M0-O1C$Q\W)S$P+! M--&SO;6Z.\L]*3DI_@UAEW+;>_^YP7HR*$#0,F,TK M`;DS#\F6SDFBQ`/1=<*62X[V1*!5RB%##ZWDB*2J&_?P8_Q46O'@;'])_DD! MLVREEG.G9F8"<4NO%V*\4$OMUF]E-HYH9"*VQ9,Q64VHUT:^.$N\HHRPA6^N M\P\+`(,,L-1.O=1-#=5,+=50K0#07!`5A\A=>2CJ8(*!%0'SMM"B;',+4`&] MQ5=@7<+@>L**N7RV`H;Z3*C;F%.F>5FF/&%=S&7CA+8-BYYN:12O>\[; MV)=*0M&$YKV6,S>-)F06:CFWS+-6K#ZS03],#"R&346/G7$=JQT<@\3SRSBY M=(P;XHZ!Q`Z2X#$TZT#CAA-"4Q989B(Z&22&H'`U$Z^5#` MQ8,8AD?K[!);39@4),*![5.`&I/KQ&T+D6C9_D@/H:A2@\:>AE+/6!TIB0J6 M((F$[]!$8#C)746BP%P0[3"(!R%8]YH0-.P`RST0E3EHM>*N>X`TJI M2YJ22O7)M&/%I)0@_18TT0"@"\WB1M+!FZ26QCZ/F8"6&1DK-":OI#_QW9IC6CAM*.G-++ M&\O*:9UO_IH;R&5F;K_XAV$V+85CC+_(94!#DR3%;,U\>(H>8>?\ MZ*&",#=8Z99^Z5;]JT.`0PY`6<Q!CYEXMBYE4BX^0>1/!V M`(P(Y\""*,=.$)ZC1#.=#'J64Q[I$>$1'*Q)(U'2/!QI5"#1&`' MH([`I%`*I7CB!$=FTHM7*/IR)#BDSQ"2/T>37TBU"W"TWQ29TR-X3!&`)!TZ M@OL\TD<"Y?NE_1(#XB:S#Q%MXB:-GQ#U\!A]_NQ'R?\8$X$G;E+[U@\@@8$L MZF(6,'[]WO_]O$$/=H,?,O/\X'_^Z+\8-N,>T8$40YS^\!__>]%B[#$8[9$5 MYB__^K__8T'_I@,0!P3&F_?/X$&$"14N9-C0X4.($25.I%C1XD6,&35NY-C1 MXT>0(46.)%G2Y$F)].#Q$MCR@+N6,%ORBD4E\RE+V6"/0"/(#V;6]6N9=O6 M[5NX<:EV19K4I5*R-.7-0RO7[U_`@04/)DR4GCRO7^^*)3O3K#QY:/L6IES9 M\F7,F=W2Z[H2J5.E_HOO(H7WF&\]S:E5KV;=VO5$M/,@EZ[[%;1HT?#2ON;= MV_=OX'!CRYY=FC;MVKR,[P[>W/ESZ-%Y2J['>=YUR=*U;^?>W?MW\.'%CR=? MWOQY].G5KV??WOU[^/'ESZ=?W_Y]_/GU[^??W_]_``,4<$`""S3P0`035'!! M!AMT\$$((Y1P0@HKM/!"##/4<$,.._3P0Q`%1"JA>0XHZ#J%C&+NHG@.8$ZV MAPYX!QZ4]AJIQ8*D@THK'/^)S"-Y7(SHQQ!Y.Z`==I*DT2-Z\%DG1X,.H."` M?]K`9\5WAN!EHW;46=*@>]J(IR%XAIC@'I0F:&>D=]K8=+_^)`!^<>$D2(7K8:0?*ANZ1P"QUWGEH'B39>6=%A-ZI0!Z(X%$' MS9WF>:>=,?]Y)TDJHTSR385&94<24]DIE9=(43TH'DF2E/2?6FUE=9Y<'35( M4%<7;&>(!QY@P->.YFFC#40/B(!**PM:%4PM-V*'@CXE42?4A=B!P$:1#L`' MTW\F8&>D>R8H=2A-*66(GD\3*E2='-^1P,5US(R`586\/?>@"-;!Z9X('MCM M@`>&X+8A2;"-I]&'XB'6@0@F<%=4"!8^"-Y#_]&4TW#9(3>A+*?\YYXA**!@ M"$?=4;D""A`UR%L*U&G#XP@JF*`"*E%6!^9U_J-460)S_UEG@@DDJ$""DX=H M8X@('"VS`G6&"-I`=M2-1S>0UF$6(5ZL_H<>U/ZI`-"Q+Z8HZS['=J@-IDEJ M1X*TU-XH77>B0GAMM#?&1X)ZU3U@")%YD=F@"HA%B"^<)#&6WW_P:2`"C1>Z MAX(M[38HG@1[#I108H<'O"=Y'R.:)0)U_:.HJ@IO7<<"L":A/ MD!W`$8JGC<3YE62==2I8^)T)AK@W2@F%:>(1P$ M'T.H`#ML,@\*M(,"_@4TB#R>1@%)H(9M"+G'.O:BCG4LD'[QH``$(C`$5AV@ M?8L:&_ID=P#TJ2.!]J(`IWA1-749+0(0(-P_)+`F4<5O`F]:UM/:T+:#\,*$ MA"M(NK84C_29[!]2,E/>C#8$A?E(A[(:6\.&`"AYX`-F[;!)FS+8PG\,*V$W M$R$4UY4O"F3)?^\[W=\")R,(A"XA!W#`.QJ`K#:@J6%:Q,<$:,3!)=S MFCPTY:MVK&-/%:B`K"3A@#90`&`5H-P_YC%`,/K(AVWPX_BDED0YB>\!I6K` MOR1!0+2](P*8*N/LYH&[#][#@8ZJ1[H**44%#F$=-N%%_"3)/!U2B1TS_JQA MI>9W+WH8#S7WFT<%3)>TA$B"`8M3V$5#0(/!Z`+(/(SH:F.R7J M^I.U`R#&("N3!/_0Q([^C>L@E\2')*CFL9V!SP$"RU(;V%$!!E")`NLX@+>, M5QH%&&0=#,!'.R!P/`40;AU16Z*:R.>H"1ZD'1,@2`4@P(YU/$"66K1=.A_0 MPO9%IH-J8J*3'F`[3@I3'0H$W.6TH1WW7,@!*(F^ M")S+B%5*8/PPA;[+2?(>#F@'/FBD,]51@#GW@(`Z)$6/?.&C#4G%502:.@1Y MO$,=03U7.]K`O@<8I`T.:.@!.$D!=J"J2>'+_F%9*!`!'"H$;F;S7KG6Q`X' M$(ZK:'K'`I@F#Z\B,4F$DX<$=EDN0Q6P#2/#51T78!,ZXF-TWA*KU<#Z)]SY M$1X58)4DA%JU/L4#`O>(!SX4T#.Z>FM-[_@66-C7G&D0=<0MI`7Q MYII6AJEX+&V)V!/5_@3`*25A=E48"X/Q;%B5@2*O]LW+W6,`_ M%("FB?*BS/08PIKF`6)Y%"T>1"L-!+%;`?<^V8.=,\A]%1H!454RRJ9=ASHP M!0]/J\/!DL@?`.GUCYI=^,CR^E7^\$P!C5U.1C&,G0,<0"_P#D#3*\]UR2%`X`'G$G$8)4`0 M$,HU;H,M5]QL.(%R>2\>FA9J]=ZZQ"!#P`'"/+1!]@T!-W4JRJF& M\8)]\.@I!N=Z+A'.L-$'4$`:\;Q/KP'V(/"XX4'L62HC+ME'$7_'`W+TL!EN MCQ<-^%*3^M9&.,?01R$%'@4?0#MW$+S4AXWKS"[5W;>^`]@G^^L##JUV7BA* MR?"^VCT2*@&FV4[2!'&`99\V.RC+&]:L@L=8(^"`T,G64*`S"`,F@+X*Q%65 MK)P`!.@>N5OSHH6KY5?M:#L$93--'7W7[Z8M_L^R,%YS5B`&.8VT>+Z/P@/* MRY9MP2H[Z;'N10(*J-@$UFM7EIF^SVB)<I*Y8KG1&9MYN!8HV;0?D@0GD96L(9>GV0U><(!? M.AW.8(<`^A[?TR@'(!=GJSZ%0)F"R!)W4"4J@34+2C)<@3#Q0QMX:#1Z4`!^ M<4%>H(?ULR1\$!F\DJ+XZQ,2JS].@434R+]P0K5_J`>4LR&TV;0U"4"/DY'W MN3<\XZM]VYF#4`"!F1],=#E)-(@^BH>9:[)*<8`NLKXAF!T'X*8.NY]5_O.5 M#(J'I?*\XZ.P!MA%!8"'>5``9`$KTT&(82F5#.J32.*6)\M`@6"WGR*[WJ$` MI#F9KF*55A.>.OL;*!N;"9L^"^LY5$.8F@BO;DJ@+QO#S:L`)_.R6>DS*7.4 M:JJ4"*"Y*,H2*O$:7H*@9+(W"/@N,:L2_5NBA8RR!\@;7EC*7^,L>/A"=OB9 M-FB8?\F:>@C)?WBHA&@'!YB93!R;QUN<^3DD;A$DWA3@Q5QP9>J@8 M07DT/+.P>UR'GK(:#K*Q91,8AUJ5(;@M7/N:!9(E?Y.K8^$MC)L'!V"_"[RT M-&J#!0@Q;)%(^KLSIT0Q_>,Y=3B`T=.-M<2G_G#L2H_30*>Y',6D-7;(FYPZ M``S;M"ISP&_A'#3D!4J:-D!9J@E(,$M)JX4SJH3ZE,8Z%PC`R7OP$H1X)%=Y MA_'!R7`[%]79$A9BT,'7`L"6JS"IY@'9XAPQ$ M,M"#)]5BK=4:-'5H`#2,ASHRB)TZ&78LJ)OAK19I@`Q,'"HY3$/R,MVRE$M) MMK>LDH)2@)'AA05H`RFQ2A?$!Y=+%RKAGR3IJEI:N#9PR(2HL#RJF"5:E>%\ MATM:%0DHI82X!WP(_I/=J9^$/(AE:P=)D(0UX85Z6JLMD824'!#7XJS:40"Z MDL!4G"=U4(`'L)F\427'\R>T6*B@BD2C,2#NO*T8PU(%4("XN;3UFA9G88#[ M894P69@PV8N/PS/3$:LH@P`%P,DOPZ'Q01-YN)6LQ!=C0YHMN30%N)F98KD' M4`!?JQ*T.8"'(QCTQ+L(8``':Q,LDP`&Z+F"6+90I8!Z>(<_U3_-4P`&H)O% M@:=0/8P#W2=,:1,:F26YFE0\6X`?ZTQZ:%,&P#DAY)THJ0`TE4)XF(`%@%7. M:H/+PE+JN:Z-HJ`(="`I?!@&F!YV&!-8^YIP4P!U8`Y+`1/,J2CV&[V>E#NB M"9A4<8T'3WJPGK,Q[-*Z?[*'GS/5-5'5R+!3=<`'JJ2`'V-6/NM7'X$81_63 M/[VZG^L[@LI8>ET(6?68)U4`^5LVJEJ(1^JY9&6`!4`]!ZK5CY(9KG)3.%0H M^A&@I$$:C','FCU&-BH2]T`RNGPO^;H/*"1:IDV0]F.>,]F/5\K7IJU:!E%5 - -][*/2Q,[JP6.@```.S\_ ` end
-----END PRIVACY-ENHANCED MESSAGE-----