US Airways Announces Results of 2009 Annual Meeting of Stockholders

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Wed Jun 10, 2009 4:30pm EDT

TEMPE, Ariz.--(Business Wire)--
US Airways (NYSE: LCC) announced the results of its annual meeting of
stockholders held today in New York. Stockholders voted to re-elect Herbert M.
Baum, Matthew J. Hart, Richard C. Kraemer and Cheryl G. Krongard to three-year
terms on the Board of Directors, expiring at the annual meeting of stockholders
in 2012. In addition, stockholders voted to ratify the appointment of KPMG LLP
as the company`s independent registered accounting firm. Stockholders also voted
against a shareholder proposal related to cumulative voting, and in favor a
proposal of amendment to US Airways Group`s amended and restated certificate of
incorporation to increase its authorized common stock from 200 million shares to
400 million shares. 

US Airways was America`s number one on-time airline in 2008 among the "Big Six"
hub-and-spoke airlines according to the U.S. Department of Transportation`s
(DOT) monthly Air Travel Consumer Report. US Airways, along with US Airways
Shuttle and US Airways Express, operates more than 3,200 flights per day, and
serves more than 200 communities in the U.S., Canada, Europe, the Caribbean and
Latin America. The airline employs more than 33,000 aviation professionals
worldwide and is a member of the Star Alliance network, which offers our
customers more than 16,500 daily flights to 912 destinations in 159 countries
worldwide. And for the eleventh 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. (LCCG) 

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, expected fuel costs, revenue and pricing
environment, and expected financial performance of US Airways Group (the
"Company"). Such statements include, but are not limited to, statements about
the benefits of the business combination transaction involving America West
Holdings Corporation and US Airways Group, including future financial and
operating results, the Company's plans, objectives, expectations and intentions,
and other statements that are not historical facts. These 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 impact of future significant operating losses; the impact of
economic conditions; changes in prevailing interest rates, a reduction in the
availability of financing and increased costs of financing; the Company's high
level of fixed obligations and the ability of the Company to obtain and maintain
any necessary financing for operations and other purposes and operate pursuant
to the terms of our financing facilities (particularly the financial covenants);
the ability of the Company to maintain adequate liquidity; labor costs,
relations with unionized employees generally and the impact and outcome of the
labor negotiations, including the ability of the Company to complete the
integration of the labor groups of the Company and America West Holdings;
reliance on vendors and service providers and the ability of the Company to
obtain and maintain commercially reasonable terms with those vendors and service
providers; the impact of fuel price volatility, significant disruptions in fuel
supply and further significant increases to fuel prices; reliance on automated
systems and the impact of any failure or disruption of these systems; the impact
of the integration of the Company`s business units; the impact of changes in the
Company`s business model; competitive practices in the industry, including
significant fare restructuring activities, capacity reductions or other
restructuring or consolidation activities by major airlines; the impact of
industry consolidation; the ability to attract and retain qualified personnel;
the impact of global instability including the potential impact of current and
future hostilities, terrorist attacks, infectious disease outbreaks or other
global events; government legislation and regulation, including environmental
regulation; the Company's ability to obtain and maintain adequate facilities and
infrastructure to operate and grow the Company's route network; costs of ongoing
data security compliance requirements and the impact of any data security
breach; interruptions or disruptions in service at one or more of the Company's
hub airports; the impact of any accident involving the Company's aircraft;
delays in scheduled aircraft deliveries or other loss of anticipated fleet
capacity; security-related and insurance costs; weather conditions; the cyclical
nature of the airline industry; the impact of foreign currency exchange rate
fluctuations; the ability to use pre-merger NOLs and certain other tax
attributes; the ability to maintain contracts critical to the Company's
operations; the ability of the Company to attract and retain customers; and
other risks and uncertainties listed from time to time in the Company's 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 Report on Form
10-Q for the quarter ended March 31, 2009 and in the Company's filings with the
SEC, which are available at www.usairways.com

-LCC-



US Airways, Tempe
Dan Cravens, 480-693-5729 

Copyright Business Wire 2009

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