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         US Airways In Discussions Regarding Possible Debt Refinancing

         TEMPE, Ariz., March 15, 2006 - US Airways Group, Inc. (NYSE: LCC)
announced that it has entered into a commitment letter with GE Commercial
Finance regarding a possible debt financing transaction that would permit US
Airways to refinance approximately $1.1 billion of its outstanding
indebtedness. The new $1.1 billion term loan facility is expected to bear
interest at LIBOR plus 3.50 percent to 3.75 percent, subject to adjustment in
connection with the final loan documentation, final credit ratings and the
syndication process. The term of the facility is expected to be five years with
the entire principal amount of the loan payable in full at maturity. GE's
commitment is subject to customary terms and conditions, including negotiation
and execution of definitive loan documentation. US Airways anticipates that the
refinancing transaction, which is currently targeted for completion by April 6,
2006, will permit the company to extend maturities and reduce its near-term
interest expense by a significant amount. GE Capital Markets, Inc. ("GE Capital
Markets"), an affiliate of GE Commercial Finance, will act as sole bookrunner
for the facility. Additionally, GE Capital Markets and Morgan Stanley Senior
Funding, Inc. will act as joint lead arrangers for the facility. There can be
no assurance that the anticipated refinancing transaction will be completed or,
if completed, what the timing or terms of such transaction will be.
         The new US Airways is the fifth largest domestic airline employing
nearly 35,000 aviation professionals. US Airways, US Airways Shuttle and US
Airways Express operate approximately 3,700 flights per day and serve more than
230 communities in the U.S., Canada, Europe, the Caribbean and Latin America.
This press release and additional information on US Airways can be found at
www.usairways.com or www.americawest.com.
         US Airways is a member of the 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, Spanair, TAP Portugal, THAI, United,
US Airways and VARIG Brazilian Airlines. South African Airways and SWISS will
be integrated during the first half of 2006. Regional member carriers Adria
Airways (Slovenia), Blue1 (Finland) and Croatia Airlines enhance the global
network. Overall, Star Alliance offers more than 15,000 daily flights to 790
destinations in 138 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, Inc. (the
"Company"), expected fuel costs, the revenue and pricing environment, and
expected financial performance. 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
companies' 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
and www.americawest.com.