US Airways Group, Inc. Reports Third Quarter 2008 Results

Business Wire, Oct 23, 2008

* Expanded the in-flight a la carte revenue model to include beverages effective Aug. 1, 2008.

* Extended the Choice Seats program, which now includes 25 percent of the main cabin. The airline also began beta testing Choice Seats sales at airport kiosks and ticket counters at some locations, and anticipates full roll-out through these channels by year's end.

Operations

* US Airways sustained its operational turnaround momentum in the third quarter with top-three finishes in August for both on-time arrival and baggage handling performance among the ten largest U.S. carriers according to the DOT. The Company has ranked in the top three of the ten largest U.S. airlines in seven of the eight reporting months (January through August) for on-time arrival and ranks number one cumulatively during this reporting period.

* US Airways received its tenth consecutive Diamond Award for maintenance training excellence from the Federal Aviation Administration (FAA) for its Charlotte, North Carolina hub line maintenance facility. The program, which began in 1991, consists of both initial and recurrent training in FAA regulations and policy and aviation industry maintenance training.

* The Company is aggressively enhancing airport infrastructure through technology and re-design to create cost efficiencies and improve the passenger travel experience. Major projects include the installation of gate readers to facilitate the boarding process and the deployment of baggage scanners to facilitate baggage handling.

People

* As part of the Company's employee incentive plan, employees received $100 for US Airways' top-three on-time arrival and baggage handling rankings ($50 for each goal) for the August top-three ranking in both of these areas. Year-to-date, employees have shared approximately $16 million in "Triple Play" payments.

Analyst Conference Call/Webcast Details

US Airways will conduct a live audio webcast of its earnings call today at 1:00 p.m. EDT, which will be available to the public on a listen-only basis at www.usairways.com under the About US Investor Relations tab. An archive of the call/webcast will be available in the Public/Investor Relations portion of the Web site through Nov. 23, 2008.

The airline will also update its investor relations guidance on its Web site (www.usairways.com). Information that will be updated includes cost per available seat mile (CASM) excluding fuel and transition expenses, fuel prices and hedging positions, other revenues, estimated interest expense/income and merger related transition expense guidance. The investor relations update page also includes the airline's capacity, fleet plan, and estimated capital spending for 2008.

About US Airways

US Airways, along with US Airways Shuttle and US Airways Express, operates approximately 3,200 flights per day and serves 200 communities in the U.S., Canada, Europe, the Caribbean and Latin America. The airline employs more than 34,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers our customers 18,000 daily flights to 965 destinations in 162 countries worldwide. In the first eight months of 2008, US Airways ranked first in on-time performance among the ten largest U.S. carriers according to the Department of Transportation's Air Travel Consumer Report. And for the tenth consecutive year, the airline received a Diamond Award for maintenance training excellence from the Federal Aviation Administration (FAA) for its Charlotte, North Carolina hub line maintenance facility. For more company information, visit usairways.com. (LCCF)