(US AIRWAYS GROUP, INC. LOGO)
Contact: Elise Eberwein
480/693-5574
FOR IMMEDIATE RELEASE
US AIRWAYS GROUP, INC. REPORTS SECOND QUARTER PROFIT
Highlights of the US Airways Group, Inc. (the Company) second quarter 2007 results:
    The Company reported a second quarter 2007 net profit of $263 million, or $2.77 per diluted share.
 
    Excluding special items, the Company reported a second quarter 2007 net profit of $261 million, or $2.74 per diluted share.
 
    The Company accrued approximately $30 million, or 10 percent of its second quarter 2007 pretax income excluding special items, for its annual employee profit sharing program. This brings the total amount accrued for 2007 to approximately $34 million.
 
    The Company had $3.5 billion in total cash and investments, of which $3.0 billion was unrestricted, on June 30, 2007.
TEMPE, Ariz., July 26, 2007 — US Airways Group, Inc. (NYSE: LCC) today reported its second quarter 2007 results. Net profit for the second quarter was $263 million, or $2.77 per diluted share, compared to a net profit of $305 million, or $3.25 per diluted share for the same period last year. Excluding net special items of $2 million, the Company reported a net profit of $261 million, or $2.74 per diluted share. This compares to a net profit of $315 million, or $3.35 per diluted share in the second quarter of 2006, which excludes a net credit for special items of $10 million. See the accompanying notes in the Financial Tables section of this press release for a reconciliation of Generally Accepted Accounting Principles (GAAP) financial information to non-GAAP financial information.
US Airways Group Chairman and CEO Doug Parker stated, “We are very pleased to report our sixth consecutive quarter of profitability. We are especially pleased with our performance relative to our industry. Our first half 2007 pretax profit margins excluding special charges are the highest among the major network airlines that have reported thus far.
“While our earnings were lower than last year’s second quarter, this was largely related to increased expenses associated with the operational improvement plan we announced last quarter and put into place this summer. That plan is working as our second quarter operational reliability has improved versus the first quarter and has continued to improve into the third quarter.
“Key to those operational improvements, of course, are our employees who have done an outstanding job of taking care of our customers. We’re delighted to have accrued $34 million for profit sharing in the first half of this year and look forward to adding to that amount as the year progresses.

 


The following information was filed by America West Airlines Inc on Thursday, July 26, 2007 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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