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US Airways Reports First Quarter Profit

                   US Airways Reports First Quarter Profit

Record profit excluding special items of $55 million

Highlights of US Airways Group, Inc.'s (the Company) first quarter 2013
results:

-First quarter net profit excluding net special items was a record $55
million, or $0.31 per diluted share. This compares to a first quarter 2012 net
loss excluding net special items of $22 million, or ($0.13) per share.

-Announced a merger agreement with AMR Corporation on February 14 to create
the new American Airlines. The new American will offer more than 6,700 daily
flights to 336 destinations in 56 countries around the world and is expected
to generate more than $1 billion of revenue and cost synergies by 2015.
Integration planning is underway and the companies expect to close the
transaction in the third quarter.

PR Newswire

TEMPE, Ariz., April 23, 2013

TEMPE, Ariz., April 23, 2013 /PRNewswire/ -- US Airways Group, Inc. (NYSE:
LCC) today reported its first quarter 2013 financial results. For the first
quarter 2013, net profit excluding net special items was a record $55 million,
or $0.31 per diluted share. Net loss excluding net special items for the first
quarter 2012 was $22 million, or ($0.13) per share.

(Logo: http://photos.prnewswire.com/prnh/20120103/LA28814LOGO)

On a GAAP basis, the Company reported a net profit of $44 million for its
first quarter 2013, or $0.26 per diluted share, compared to a net profit of
$48 million, or $0.28 per diluted share, for the same period in 2012. See the
accompanying notes in the Financial Tables section of this press release for a
reconciliation of GAAP financial information to non-GAAP financial
information.

US Airways Group, Inc. Chairman and CEO Doug Parker stated, "We are extremely
pleased to produce these record first quarter results. Our 32,000 hard-working
team members continue to run a safe and reliable airline for our customers.
These outstanding results are the product of their efforts and provide a solid
foundation as we plan for combining with American Airlines.

"Looking forward, our integration planning work with American is going well
and we continue to expect that the merger will close in the third quarter of
this year. The entire US Airways team is looking forward to working with our
colleagues at American to build the premier global airline."

Revenue and Cost Comparisons

A strong demand environment and record passenger load factors led to record
revenue performance. Total revenues in the first quarter were $3.4 billion, up
3.5 percent versus the first quarter 2012 on a 1.3 percent increase in total
available seat miles (ASMs). Total revenue per ASM was a record 15.78 cents,
up 2.2 percent versus the same period last year, driven by a 2.4 point
increase in passenger load factor.

Total operating expenses in the first quarter were $3.3 billion, up 2.2
percent over the same period last year. Mainline cost per available seat mile
(CASM) was 13.82 cents, up 1.8 percent on a 1.4 percent increase in mainline
ASMs. Excluding special items, fuel and profit sharing, mainline CASM was 8.77
cents, up 0.7 percent versus the same period last year. Express CASM excluding
special items and fuel was 15.12 cents, down 1.3 percent on a 0.8 percent
increase in ASMs.

Liquidity

As of March 31, 2013, the Company had $2.9 billion in total cash and
investments, of which $352 million was restricted, up from $2.7 billion, of
which $336 million was restricted on December 31, 2012.

On April 10, the Company launched and priced an offering of 2013-1 Class A and
Class B enhanced equipment trust certificates (EETCs) in the aggregate face
amount of approximately $820 million. The proceeds from the offering will be
used to finance its purchase of 18 Airbus aircraft scheduled to be delivered
from September 2013 to June 2014. The transaction is expected to close on
April 24, 2013.

As a result of the above mentioned EETC transaction, the Company has secured
financing commitments for all of its aircraft deliveries to June 2014.

US Airways' Chief Financial Officer Derek Kerr stated, "We are extremely
pleased with the results of our recent EETC financing transaction. Thanks to
our strong financial and operational performance, along with our strategic
positioning, we were able to obtain the lowest fixed rate financing on an EETC
issued by a major airline since 2003."

Special Items

The Company recognized approximately $11 million of net special charges in the
first quarter. Operating special charges totaled $41 million and primarily
included costs related to the merger and the ratification of the US Airways
flight attendant collective bargaining agreement. In addition, the Company
recognized a $30 million non operating special credit in connection with an
award received in an arbitration related to previous investments in auction
rate securities.

Merger with American

On February 14, US Airways announced that it had reached a definitive merger
agreement with AMR Corporation to create the new American Airlines. The new
American will have a robust global network, a strong financial foundation, and
is expected to generate more than $1 billion in annual synergies by 2015. The
Companies presently expect the transaction to close in the third quarter.

Notable Accomplishments

Marketing and Customer Enhancements

  oBegan new daily, non-stop service between its largest hub in Charlotte,
    N.C. and London's preferred business airport, Heathrow. The daily flight
    will supplement the airline's existing daily service between its
    international gateway in Philadelphia and Heathrow, and replaces its
    service between Charlotte and London's Gatwick airport.
  oIntroduced two new choices to DineFresh, its premium meal option for
    customers flying in Economy to Europe, the Middle East and South America.
    Since the program's inception in August 2012, US Airways remains the only
    U.S.-based carrier to deliver a premium meal option for customers
    traveling internationally to or from the United States in Economy.
  oAnnounced new non-stop, daily year-round service from its international
    gateway in Philadelphia to Salt Lake City on June 8. The new service will
    give customers in Salt Lake City one-stop access to destinations
    throughout the East Coast, Europe, the Middle East and the Caribbean.

People

  oThe airline's employees earned approximately $6 million in profit sharing
    for the first quarter results and an additional $4 million in operational
    incentive payouts through February.
  oHonored 64 employees for their more than 45 years of service with US
    Airways (pilots were honored for 40 years) at the airline's service
    anniversary dinner.
  oSelected 51 employees to receive the fourth quarter Chairman's Award, US
    Airways' most prestigious honor.
  oAwarded ten employees $10,000 each for providing exceptional service to
    customers through the airline's "Above & Beyond" program. The "Above &
    Beyond" program recognizes employees who provide exceptional service to
    the airline's customers and fellow employees. Since launching the program
    in 2006, the airline has received more than 300,000 A&B coupons and has
    awarded nearly $7.3 million to more than 9,000 employees.
  oAnnounced that its 6,800 flight attendants, represented by the Association
    of Flight Attendants – CWA (AFA), ratified a new contract that provides
    immediate pay increases and includes support for the merger of US Airways
    and American Airlines.
  oAnnounced that its pilots represented by the Air Line Pilots Association
    (ALPA), at both wholly owned Express carriers, PSA Airlines and Piedmont
    Airlines, have voted to ratify new five-year collective bargaining
    agreements.

Other Notable Accomplishments

  oAnnounced that the Company has received FAA certification on its wide-body
    Airbus A330 aircraft for SafeRoute®, a cornerstone navigation computer
    software system for the FAA's NextGen airspace redesign program.
  oAnnounced that the US Airways Education Foundation will award $270,000 in
    grants this year to nonprofit organizations in the airline's hub cities of
    Charlotte, N.C., Philadelphia, Phoenix and Washington, D.C. Grants will
    be awarded to children's educational programs aimed to increase academic
    achievement for those they serve. Since 1992, the US Airways Education
    Foundation has awarded nearly $4.9 million in scholarships and grants.
  oAnnounced that its Community Foundation awarded a total of $125,000 in
    grants to Arizona Opera and Ballet Arizona to assist in facilities
    renovation.

Analyst Conference Call/Webcast Details

US Airways will conduct a live audio webcast of its earnings call today at
12:30 p.m. ET, which will be available to the public on a listen-only basis at
www.usairways.comunder the Company Info >>Investor Relations tab. An archive
of the call/webcast will be available in the Investor Relations portion of the
website through May 23.

2013 Investor Guidance

The Company will provide its investor relations guidance on its website
(www.usairways.com) immediately following its 12:30 p.m. ET conference call.
The Company typically provides guidance related to cost per available seat
mile (CASM) excluding special charges, fuel and profit sharing, fuel prices,
other revenues and estimated interest expense/income on its investor relations
update page on its web site. This update will also include the airline's
capacity, fleet plan and estimated capital spending for the remainder of 2013.

About US Airways

US Airways, along with US Airways Shuttle and US Airways Express, operates
more than 3,100 flights per day and serves 198 communities in the U.S.,
Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South
America. The airline employs more than 32,000 aviation professionals
worldwide, operates the world's largest fleet of Airbus aircraft and is a
member of the Star Alliance network, which offers its customers more than
21,900 daily flights to 1,329 airports in 194 countries. Together with its US
Airways Express partners, the airline serves approximately 80 million
passengers each year and operates hubs in Charlotte, N.C., Philadelphia,
Phoenix and Washington, D.C. Aviation Week and Overhaul & Maintenance magazine
presented US Airways with the 2012 Aviation Maintenance, Repair and Overhaul
(MRO) of the Year Award for demonstrating outstanding achievement and
innovation in the area of technical operations. Military Times Edge magazine
named US Airways as a Best for Vets employer for the past three years. US
Airways was, for the third year in a row, the only airline included as one of
the 50 best companies to work for in the U.S. by LATINA Style magazine's 50
Report. The airline also earned a 100 percent rating on the Human Rights
Campaign Corporate Equality index for six consecutive years. The Corporate
Equality index is a leading indicator of companies' attitudes and policies
toward lesbian, gay, bisexual and transgender employees and customers. For
more company information visit usairways.com, follow on Twitter @USAirways or
at Facebook.com/USAirways. (LCCF)

Cautionary Statement Regarding Forward-Looking Statements

This document includes 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," "project," "could,"
"should," "would," "continue," "seek," "target," "guidance," "outlook,"
"forecast" and other similar words. These forward-looking statements are
based on AMR's and US Airways' current objectives, beliefs and expectations,
and they are subject to significant risks and uncertainties that may cause
actual results and financial position and timing of certain events to differ
materially from the information in the forward-looking statements. The
following factors, among others, could cause actual results and financial
position and timing of certain events to differ materially from those
described in the forward-looking statements: failure of a proposed
transaction to be implemented; the challenges and costs of closing,
integrating, restructuring and achieving anticipated synergies; the ability to
retain key employees; and other economic, business, competitive, and/or
regulatory factors affecting the businesses of US Airways and AMR generally,
including those set forth in the filings of US Airways and AMR with the SEC,
especially in the "Risk Factors" and "Management's Discussion and Analysis of
Financial Condition and Results of Operations" sections of their respective
annual reports on Form 10-K and quarterly reports on Form 10-Q, their current
reports on Form 8-K and other SEC filings, including the registration
statement and the proxy statement/prospectus related to the proposed
transaction. Any forward-looking statements speak only as of the date hereof
or as of the dates indicated in the statements. Neither AMR nor US Airways
assumes any obligation to publicly update or supplement any forward-looking
statement to reflect actual results, changes in assumptions or changes in
other factors affecting these forward-looking statements except as required by
law.

Additional Information and Where To Find It

This communication does not constitute an offer to sell or the solicitation of
an offer to buy any securities or a solicitation of any vote or approval. The
proposed merger transaction between AMR Corporation ("AMR") and US Airways
Group, Inc. ("US Airways") will be submitted to the stockholders of US Airways
for their consideration. AMR has filed with the Securities and Exchange
Commission ("SEC") a registration statement on Form S-4, which includes a
preliminary proxy statement of US Airways that also constitutes a prospectus
of AMR. US Airways expects to file with the SEC a definitive proxy statement
on Schedule 14A, and AMR and US Airways also plan to file other documents with
the SEC regarding the proposed transaction. Investors and security holders of
US Airways are urged to read the PRELIMINARY proxy statement/prospectus and
other relevant documents that will be filed with the SEC (including the
definitive proxy statement/PROSPECTUS) carefully and in their entirety when
they become available because they contain important information about the
proposed transaction. Investors and security holders may obtain free copies of
the preliminary proxy statement/prospectus and other documents containing
important information about AMR and US Airways (including the definitive proxy
statement/prospectus), once such documents are filed with the SEC, through the
website maintained by the SEC at http://www.sec.gov. Copies of the documents
filed with the SEC by US Airways, when and if available, can be obtained free
of charge on US Airways' website at www.usairways.com or by directing a
written request to US Airways Group, Inc., 111 West Rio Salado Parkway, Tempe,
Arizona 85281, Attention: Vice President, Legal Affairs. Copies of the
documents filed with the SEC by AMR, when and if available, can be obtained
free of charge on AMR's website at www.aa.comor by directing a written
request to AMR Corporation, P.O. Box 619616, MD 5675, Dallas/Fort Worth
International Airport, Texas 75261-9616, Attention: Investor Relations or by
emailing investor.relations@aa.com.

US Airways, AMR and certain of their respective directors, executive officers
and certain members of management may be deemed to be participants in the
solicitation of proxies from the stockholders of US Airways in connection with
the proposed transaction. Information about the directors and executive
officers of US Airways is set forth in its Annual Report on Form 10-K/A, which
was filed with the SEC on April 16, 2013, and the preliminary proxy
statement/prospectus related to the proposed transaction, which was filed with
the SEC on April 15, 2013. Information about the directors and executive
officers of AMR is set forth in its Annual Report on Form 10-K/A, which was
filed with the SEC on April 16, 2013, and the preliminary proxy
statement/prospectus related to the proposed transaction, which was filed with
the SEC on April 15, 2013. These documents can be obtained free of charge from
the sources indicated above. Other information regarding the participants in
the proxy solicitation may also be included in the definitive proxy
statement/prospectus and other relevant materials when and if filed with the
SEC in connection with the proposed transaction.



US Airways Group, Inc.
Condensed Consolidated Statements of Operations
(In millions, except share and per share amounts)
(Unaudited)
                                3 Months Ended                         Percent
                                March 31,
                                2013                2012               Change
Operating revenues:
 Mainline passenger          $      2,197   $      2,117  3.8
 Express passenger           758                 764                (0.8)
 Cargo                       41                  40                 3.0
 Other                       384                 345                11.1
 Total operating revenues    3,380               3,266              3.5
Operating expenses:
 Aircraft fuel and related   861                 859                0.2
taxes
 Salaries and related costs  636                 606                5.0
 Express expenses:
 Fuel                   271                 277                (2.1)
 Other                  524                 525                (0.3)
 Aircraft rent               154                 162                (4.8)
 Aircraft maintenance        166                 163                1.5
 Other rent and landing fees 143                 140                2.2
 Selling expenses            113                 111                1.6
 Special items, net          39                  3                  nm
 Depreciation and            67                  61                 9.7
amortization
 Other                       303                 300                0.9
 Total operating expenses    3,277               3,207              2.2
 Operating income            103                 59                 74.8
Nonoperating income (expense):
 Interest income             -                   -                  27.7
 Interest expense, net       (84)                (82)               2.2
 Other, net                  25                  71                 (64.7)
 Total nonoperating expense, (59)                (11)               nm
net
Income before income taxes      44                  48                 (7.8)
Income tax provision            -                   -                  nm
 Net income                  $            $           (8.3)
                                44                 48
Earnings per common share
 Basic                      $       0.27  $      
                                                    0.30
 Diluted                     $       0.26  $      
                                                    0.28
Shares used for computation (in
thousands):
 Basic                       162,902             162,130
 Diluted                     206,748             201,814
Note: Percent change may not recalculate due to rounding.



US Airways Group, Inc.
Operating Statistics
                                                    3 Months Ended
                                                    March 31,
                                                    2013    2012    Change
Mainline
Revenue passenger miles (millions)                  14,885  14,300  4.1    %
Available seat miles (ASM) (millions)               17,961  17,718  1.4    %
Passenger load factor (percent)                     82.9    80.7    2.2    pts
Yield (cents)                                       14.76   14.80   (0.3)  %
Passenger revenue per ASM (cents)                   12.23   11.95   2.4    %
Passenger enplanements (thousands)                  13,510  13,286  1.7    %
Departures (thousands)                              112     115     (2.3)  %
Aircraft at end of period                           346     340     1.8    %
Block hours (thousands)                             300     299     0.3    %
Average stage length (miles)                        984     954     3.1    %
Average passenger journey (miles)                   1,620   1,606   0.9    %
Fuel consumption (gallons in millions)              266     264     0.7    %
Average aircraft fuel price including related       3.24    3.26    (0.6)  %
taxes (dollars per gallon)
Full-time equivalent employees at end of period     32,138  31,186  3.1    %
Operating cost per ASM (cents)                      13.82   13.57   1.8    %
Operating cost per ASM excluding special items      13.60   13.56   0.3    %
(cents)
Operating cost per ASM excluding special items and  8.81    8.71    1.1    %
fuel (cents)
Operating cost per ASM excluding special items,     8.77    8.71    0.7    %
fuel and profit sharing (cents)
Express*
Revenue passenger miles (millions)                  2,604   2,459   5.9    %
Available seat miles (millions)                     3,456   3,429   0.8    %
Passenger load factor (percent)                     75.4    71.7    3.7    pts
Yield (cents)                                       29.11   31.06   (6.3)  %
Passenger revenue per ASM (cents)                   21.94   22.28   (1.6)  %
Passenger enplanements (thousands)                  6,650   6,536   1.7    %
Aircraft at end of period                           282     288     (2.1)  %
Fuel consumption (gallons in millions)              84      84      (0.2)  %
Average aircraft fuel price including related       3.23    3.29    (1.8)  %
taxes (dollars per gallon)
Operating cost per ASM (cents)                      23.00   23.39   (1.7)  %
Operating cost per ASM excluding special items      22.96   23.39   (1.9)  %
(cents)
Operating cost per ASM excluding special items and  15.12   15.33   (1.3)  %
fuel (cents)
Total Mainline & Express
Revenue passenger miles (millions)                  17,489  16,759  4.4    %
Available seat miles (millions)                     21,417  21,147  1.3    %
Passenger load factor (percent)                     81.7    79.3    2.4    pts
Yield (cents)                                       16.89   17.19   (1.7)  %
Passenger revenue per ASM (cents)                   13.80   13.62   1.3    %
Total revenue per ASM (cents)                       15.78   15.45   2.2    %
Passenger enplanements (thousands)                  20,160  19,822  1.7    %
Aircraft at end of period                           628     628     -      %
Fuel consumption (gallons in millions)              350     348     0.5    %
Average aircraft fuel price including related       3.24    3.27    (0.9)  %
taxes (dollars per gallon)
Operating cost per ASM (cents)                      15.30   15.17   0.9    %
Operating cost per ASM excluding special items      15.11   15.16   (0.3)  %
(cents)
Operating cost per ASM excluding special items and  9.83    9.78    0.4    %
fuel (cents)
Operating cost per ASM excluding special items,     9.80    9.78    0.1    %
fuel and profit sharing (cents)



* Express includes US Airways Group's wholly owned regional airline
subsidiaries, Piedmont Airlines and PSA Airlines, as well as operating and
financial results from capacity purchase agreements with Republic Airlines,
Mesa Airlines, Air Wisconsin Airlines, Chautauqua Airlines and SkyWest
Airlines.
Note: Amounts may not recalculate due to rounding.



Reconciliation of GAAP Financial Information to Non-GAAP Financial
Information
US Airways Group, Inc. (the "Company") is providing disclosure of the
reconciliation of reported non-GAAP financial measures to their comparable
financial measures on a GAAP basis. The Company believes that the non-GAAP
financial measures provide investors the ability to measure financial
performance excluding special items and profit sharing, which is more
indicative of the Company's ongoing performance and is more comparable to
measures reported by other major airlines. The Company believes that the
presentation of mainline and express CASM excluding fuel is useful to
investors as both the cost and availability of fuel are subject to many
economic and political factors beyond the Company's control. Management uses
mainline and express CASM excluding special items, fuel and profit sharing to
evaluate the Company's operating performance.



                                      3 Months Ended
                                      March 31,
                                      2013                    2012
Reconciliation of Net Income (Loss)   (In millions, except share and per share
Excluding Special Items               amounts)
Net income as reported                $    44              $    48
Special items:
 Special items, net (1)             39                      3
 Express operating special items,   2                       -
net
 Nonoperating special items, net    (30)                    (73)
(2)
Net income (loss) as adjusted for     $    55              $   (22)
special items
                                      3 Months Ended
                                      March 31,
Reconciliation of Basic and Diluted
Earnings (Loss) Per Share As          2013                    2012
Adjusted for Special Items
Net income (loss) as adjusted for     $    55              $   (22)
special items
Shares used for computation (in
thousands):
 Basic                              162,902                 162,130
 Diluted                            206,748                 162,130
Earnings (loss) per share as
adjusted for special items:
 Basic                              $  0.34               $  (0.13)
 Diluted (3)                        $  0.31               $  (0.13)
                                      3 Months Ended
                                      March 31,
Reconciliation of Operating Income    2013                    2012
Excluding Special Items
Operating income as reported          $   103               $    59
Special items:
 Special items, net (1)             39                      3
 Express operating special items,   2                       -
net
Operating income as adjusted for      $   144               $    62
special items
                                      3 Months Ended
                                      March 31,
Reconciliation of Operating Cost per
ASM Excluding Special Items, Fuel     2013                    2012
and Profit Sharing - Mainline only
Total operating expenses              $ 3,277                $ 3,207
Less express expenses:
 Fuel                               (271)                   (277)
 Other                              (524)                   (525)
Total mainline operating expenses     2,482                   2,405
 Special items, net (1)             (39)                    (3)
Mainline operating expenses,          2,443                   2,402
excluding special items
 Aircraft fuel and related taxes   (861)                   (859)
Mainline operating expenses,          1,582                   1,543
excluding special items and fuel
Profit sharing                        (6)                     -
Mainline operating expenses,
excluding special items, fuel         $ 1,576                $ 1,543
andprofit sharing
(In cents)
Mainline operating expenses per ASM   $ 13.82                $ 13.57
 Special items, net per ASM (1)     (0.22)                  (0.01)
Mainline operating expenses per ASM,  13.60                   13.56
excluding special items
 Aircraft fuel and related taxes    (4.79)                  (4.85)
per ASM
Mainline operating expenses per ASM,  8.81                    8.71
excluding special items and fuel
Profit sharing per ASM                (0.03)                  -
Mainline operating expenses per ASM,
excluding special items, fuel and     $  8.77               $  8.71
profit sharing
Note: Amounts may not recalculate
due to rounding.
                                      3 Months Ended
                                      March 31,
Reconciliation of Operating Cost per
ASM Excluding Special Items and Fuel  2013                    2012
- Express only
Total express operating expenses      $   795               $   802
 Express operating special items,   (2)                     -
net
Express operating expenses,           793                     802
excluding special items
 Aircraft fuel and related taxes    (271)                   (277)
Express operating expenses,           $   522               $   525
excluding special items and fuel
(In cents)
Express operating expenses per ASM    $ 23.00                $ 23.39
 Express operating special items,   (0.05)                  -
net per ASM
Express operating expenses per ASM,   22.96                   23.39
excluding special items
 Aircraft fuel and related taxes    (7.84)                  (8.06)
per ASM
Express operating expenses per ASM,   $ 15.12                $ 15.33
excluding special items and fuel
Note: Amounts may not recalculate
due to rounding.
                                      3 Months Ended
                                      March 31,
Reconciliation of Operating Cost per
ASM Excluding Special Items, Fuel     2013                    2012
and Profit Sharing - Total Mainline
and Express
Total operating expenses              $ 3,277                $ 3,207
Special items:
 Special items, net (1)             (39)                    (3)
 Express operating special items,   (2)                     -
net
Total operating expenses, excluding   3,236                   3,204
special items
Fuel:
 Aircraft fuel and related taxes -  (861)                   (859)
mainline
 Aircraft fuel and related taxes -  (271)                   (277)
express
Total operating expenses, excluding   2,104                   2,068
special items and fuel
Profit sharing                        (6)                     -
Total operating expenses, excluding
special items, fuel and profit        $ 2,098                $ 2,068
sharing
(In cents)
Total operating expenses per ASM      $ 15.30                $ 15.17
Special items per ASM:
 Special items, net (1)             (0.18)                  (0.01)
 Express operating special items,   (0.01)                  -
net
Total operating expenses per ASM,     15.11                   15.16
excluding special items
Fuel per ASM:
 Aircraft fuel and related taxes -  (4.02)                  (4.06)
mainline
 Aircraft fuel and related taxes -  (1.26)                  (1.31)
express
Total operating expenses per ASM,     9.83                    9.78
excluding special items and fuel
Profit sharing per ASM                (0.03)                  -
Total operating expenses per ASM,
excluding special items, fuel and     $  9.80               $  9.78
profit sharing
Note: Amounts may not recalculate
due to rounding.



   FOOTNOTES:
   The 2013 first quarter primarily consisted of merger related costs and
1) charges related to the ratification of the US Airways flight attendant
   collective bargaining agreement.
   The 2013 first quarter consisted of a $30 million credit in connection with
2) an award received in an arbitration related to previous investments in
   auction rate securities. The 2012 first quarter consisted of a $73 million
   gain related to the slot transaction with Delta Air Lines, Inc.
3) The 2013 first quarter diluted EPS excludes $9 million of interest, net of
   profit sharing, related to the Company's 7.25% convertible notes.



US Airways Group, Inc.
Condensed Consolidated Balance Sheets
(In millions)
(Unaudited)
                                          March 31, 2013   December 31, 2012
Assets
Current assets
 Cash, cash equivalents and investments $         $        
in marketable securities                  2,528            2,376
 Accounts receivable, net               490              298
 Materials and supplies, net            335              300
 Prepaid expenses and other             715              608
 Total current assets                4,068            3,582
Property and equipment
 Flight equipment                       5,453            5,188
 Ground property and equipment          1,032            1,005
 Less accumulated depreciation and      (1,795)          (1,733)
amortization
                                          4,690            4,460
 Equipment purchase deposits            269              244
 Total property and equipment        4,959            4,704
Other assets
 Other intangibles, net                 534              539
 Restricted cash                        352              336
 Other assets                           234              235
 Total other assets                  1,120            1,110
 Total assets                        $          $        
                                          10,147           9,396
Liabilities and Stockholders' Equity
Current liabilities
 Current maturities of debt and capital $         $         
leases                                    1,616            417
 Accounts payable                       389              366
 Air traffic liability                  1,537            1,054
 Accrued compensation and vacation      198              258
 Accrued taxes                          267              181
 Other accrued expenses                 1,095            1,027
 Total current liabilities           5,102            3,303
Noncurrent liabilities and deferred
credits
 Long-term debt and capital leases, net 3,278            4,376
of current maturities
 Deferred gains and credits, net        281              290
 Employee benefit liabilities and other 645              637
 Total noncurrent liabilities and    4,204            5,303
deferred credits
Stockholders' equity
 Common stock                           2                2
 Additional paid-in capital             2,141            2,134
 Accumulated other comprehensive loss   (7)              (7)
 Accumulated deficit                    (1,295)          (1,339)
 Total stockholders' equity          841              790
 Total liabilities and stockholders' $          $        
equity                                    10,147           9,396

SOURCE US Airways Group, Inc.

Website: http://www.usairways.com
Contact: Dan Cravens, 480-693-5729
 
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