<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 3.2 Final//EN">
<HTML>
<HEAD>
     <!-- Created by EDGAR Ease Plus (EDGAR Ease+ 1.1a) -->
     <!-- Project:        8K                                                               -->
     <!-- Control Number:                                                                  -->
     <!-- Rev Number:                                                                      -->
     <!-- Client Name:    US Airways/Employee Matters                                      -->
     <!-- Project Name:   ny9558.eep                                                       -->
     <!-- Firm Name:      John Jaye                                                        -->
     <TITLE>8K</TITLE>
</HEAD>
<BODY>

<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<A NAME=A001></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>UNITED STATES<BR>SECURITIES AND
EXCHANGE COMMISSION<BR>Washington, DC 20549 </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Project" -->
<A NAME=A004></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM 8-K </FONT></H1>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A005></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>CURRENT REPORT </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A006></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Pursuant to Section 13
or 15(d) of the<BR>Securities Exchange Act
of 1934 </FONT></P>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A008></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Date of Report<BR>(Date of earliest event reported) </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A010></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>February 21, 2003 </FONT></P>
<BR><BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A011></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>US Airways Group, Inc.<BR>(Commission file
number: 1-8444) </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A013></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>and </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A014></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>US Airways, Inc.<BR>(Commission file number:
1-8442) </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Default" -->
<A NAME=A016></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(Exact names of
registrants as specified in their charters) </FONT></P>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="34%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Delaware <BR>(State of incorporation<BR>of both registrants)</FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="33%" ALIGN="CENTER"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">US Airways Group, Inc. 54-119463<BR>US Airways, Inc. 53-0218143<BR>(I.R.S. Employer Identification Nos.)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>
<BR><BR>
<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<A NAME=A017></A>
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>US Airways Group, Inc.<BR>2345 Crystal Drive,
Arlington, VA 22227<BR>(Address of principal
executive offices)<BR>(703) 872-7000<BR>(Registrant&#146;s
telephone number, including area code) </FONT></P>

<!-- MARKER PAGE="sheet: 2; page: 2" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>

<!-- MARKER FORMAT-SHEET="Head Minor Center-TNR" FSL="Project" -->
<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>US Airways Group, Inc.<BR>2345 Crystal Drive,
Arlington, VA 22227<BR>(Address of principal
executive offices)<BR>(703) 872-7000<BR>(Registrant&#146;s
telephone number, including area code) </FONT></P>


<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<A NAME=A027></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 5.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Other Events </FONT></H1>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Attached
hereto as Exhibit 99.1 are certain slides presented by the Debtors at the hearing
(Distressed Termination Hearing) to consider the Debtors&#146; Motion Seeking (1) a
Determination That They Satisfy the Financial Requirements for a Distress Termination of
the Retirement Income Plan for Pilots of US Airways, Inc., and Approval of Such Pension
Plan&#146;s Termination, and (2) Approval of a New Defined Contribution Plan for Pilots,
before the United States Bankruptcy Court for the Eastern District of Virginia, Alexandria
Division, commencing on February 21, 2003 and continuing thereafter as announced at the
Distressed Termination Hearing. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Bankruptcy
law does not permit solicitation of votes on a reorganization plan until the Bankruptcy
Court approves the applicable disclosure statement relating to the reorganization plan as
providing adequate information of a kind, and in sufficient detail, as far as is
reasonably practicable in light of the nature and history of the debtor and the condition
of the debtor&#146;s books and records, that would enable a hypothetical reasonable
investor typical of the holder of claims or interests of the relevant class to make an
informed judgment about the plan. On January 17, 2003, the Bankruptcy Court approved the
Company&#146;s Disclosure Statement with respect to its First Amended Plan of
Reorganization (Amended Plan) and authorized a balloting and solicitation process that
commenced on January 31, 2003, and will conclude on March 10, 2003. A hearing on
confirmation of the Amended Plan is scheduled to commence in the Bankruptcy Court on March
18, 2003. Persons who are entitled to vote on the Amended Plan should obtain and read the
Bankruptcy Court approved Disclosure Statement prior to voting to accept or reject the
Amended Plan. The Company will emerge from Chapter 11 if and when the Amended Plan
receives the requisite creditor approvals and is confirmed by the Bankruptcy Court. </FONT></P>

<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Project" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Certain
of the information contained in the attached slides should be considered
&#147;forward-looking statements&#148; within the meaning of the Private Securities
Litigation Reform Act of 1995, that reflect the Company&#146;s current views with respect
to current events and financial performance. Such forward looking statements are and will
be, as the case may be, subject to many risks, uncertainties and factors relating to the
Company&#146;s operations and business environment which may cause the actual results of
the Company to be materially different from any future results, express or implied, by
such forward-looking statements. Factors that could cause actual results to differ
materially from these forward-looking statements include, but are not limited to, the
following: the ability of the Company to continue as a going concern; the ability of the
Company to operate pursuant to the terms of the DIP facility; the Company&#146;s ability
to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted
by it from time to time; the ability of the Company to develop, prosecute, confirm and
consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks
associated with third parties seeking and obtaining court approval to terminate or shorten
the exclusivity period for the Company to propose and confirm one or more plans of
reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to
Chapter 7 cases; the ability of the Company to obtain and maintain normal terms with
vendors and service providers; the Company&#146;s ability to maintain contracts that are
critical to its operations; the potential adverse impact of the Chapter 11 cases on the
Company&#146;s liquidity or results of operations; the ability of the Company to fund and
execute its business plan; the ability of the Company to attract, motivate and/or retain
key executives and associates; the ability of the Company to attract and retain customers;
demand for transportation in the markets in which the Company operates; economic
conditions; labor costs; financing costs; aviation fuel costs; security-related costs;
competitive pressures on pricing (particularly from lower-cost competitors); weather
conditions; government legislation and regulation; consumer perceptions of the
Company&#146;s products; acts of war or terrorism; and other risks and uncertainties
listed from time to time in the Company&#146;s reports to the United States Securities and
Exchange Commission. Other factors and assumptions not identified above are also involved
in the preparation of forward-looking statements, and the failure of such other factors
and assumptions to be realized may also cause actual results to differ materially from
those discussed. The Company assumes no obligation to update such estimates to reflect
actual results, changes in assumptions or changes in other factors affecting such
estimates other than as required by law. Similarly, these and other factors, including the
terms of any reorganization plan ultimately confirmed, can affect the value of the
Company&#146;s various pre-petition liabilities, common stock and/or other equity
securities. While no assurance can be given as to what values, if any, ultimately will be
ascribed in the bankruptcy proceedings to each of these constituencies, it should be noted
that the Amended Plan, which the Company is seeking to confirm in March, affords no
distribution to the Company&#146;s equity security holders and cancels such equity
securities. Accordingly, the Company urges that the appropriate caution be exercised with
respect to existing and future investments in any of these liabilities and/or securities. </FONT></P>

<!-- MARKER FORMAT-SHEET="Head Major Left Bold-TNR" FSL="Project" -->
<A NAME=A028></A>
<H1 ALIGN=LEFT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Item 7.&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Financial
Statements and Exhibits </FONT></H1>

<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH=600 CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)  </FONT></TD>
<TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Exhibits  </FONT></TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="20"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Designation </U></FONT></TD>
     <TD WIDTH="10%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD WIDTH="70%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>Description</U></FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">99.1</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Certain slides presented at the Distressed Termination Hearing.</FONT></TD></TR>
</TABLE>

<!-- MARKER FORMAT-SHEET="Width Begin" FSL="Project" -->
<TABLE WIDTH=600 CELLSPACING=0 CELLPADDING=0 BORDER=0>
<TR VALIGN=TOP>
<TD>

<!-- MARKER PAGE="sheet: 2; page: 2" -->
<HR SIZE=5 COLOR=GRAY NOSHADE>


<!-- MARKER FORMAT-SHEET="Head Major Center Bold-TNR" FSL="Default" -->
<A NAME=A030></A>
<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>SIGNATURES</U></FONT></H1>
<BR>
<!-- MARKER FORMAT-SHEET="Para Indent Lv 0-TNR" FSL="Default" -->
<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned hereunto duly
authorized. </FONT></P>

<!-- MARKER FORMAT-SHEET="Width End" FSL="Project" -->
</TD>
</TR>
</TABLE>
<BR>

<TABLE WIDTH="600" BORDER="0" CELLPADDING="0" CELLSPACING="0">
<TR VALIGN="BOTTOM">
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH>
     <TH><FONT FACE="Times New Roman, Times, Serif" SIZE="2"></FONT></TH></TR>
<TR VALIGN="TOP">
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%" COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">US Airways Group, Inc. (REGISTRANT)</FONT></TD>
     </TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: February 24, 2003 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> By:</FONT></TD>
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Anita P. Beier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Anita P. Beier<BR>Vice President and Controller<BR>(Chief Accounting Officer)</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
      <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="25%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="50%" COLSPAN="2"><FONT FACE="Times New Roman, Times, Serif" SIZE="2">US Airways, Inc. (REGISTRANT)</FONT></TD>
     </TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD></TR>
<TR VALIGN="TOP">
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">Date: February 24, 2003 </FONT></TD>
     <TD><FONT FACE="Times New Roman, Times, Serif" SIZE="2">&nbsp;</FONT></TD>
     <TD WIDTH="5%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"> By:</FONT></TD>
     <TD WIDTH="45%"><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U>/s/ Anita P. Beier&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U><BR>Anita P. Beier<BR>Vice President and Controller<BR>(Chief Accounting Officer)</FONT></TD></TR>
</TABLE>
</BODY>
</HTML>
[{"type": "8-K", "sequence": "1", "filename": "wa8k.htm", "description": "CURRENT REPORT", "secsgml_size_bytes": 17395}]
[{"company-data": {"conformed-name": "US AIRWAYS GROUP INC", "cik": "0000701345", "assigned-sic": "4512", "irs-number": "541194634", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08444", "film-number": "03578039"}, "business-address": {"street1": "2345 CRYSTAL DR", "city": "ARLINGTON", "state": "VA", "zip": "22227", "phone": "7038725306"}}, {"company-data": {"conformed-name": "US AIRWAYS INC", "cik": "0000714560", "assigned-sic": "4512", "irs-number": "530218143", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-08442", "film-number": "03578040"}, "business-address": {"street1": "2345 CRYSTAL DRIVE", "city": "ARLINGTON", "state": "VA", "zip": "22227", "phone": "7038725306"}, "mail-address": {"street1": "2345 CRYSTAL DRIVE", "city": "ARLINGTON", "state": "VA", "zip": "22227"}}]
8K
UNITED STATES
SECURITIES AND
EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13
or 15(d) of the
Securities Exchange Act
of 1934
Date of Report
(Date of earliest event reported)
February 21, 2003
US Airways Group, Inc.
(Commission file
number: 1-8444)
and
US Airways, Inc.
(Commission file number:
1-8442)
(Exact names of
registrants as specified in their charters)
Delaware
(State of incorporation
of both registrants)
US Airways Group, Inc. 54-119463
US Airways, Inc. 53-0218143
(I.R.S. Employer Identification Nos.)
US Airways Group, Inc.
2345 Crystal Drive,
Arlington, VA 22227
(Address of principal
executive offices)
(703) 872-7000
(Registrant's
telephone number, including area code)
US Airways Group, Inc.
2345 Crystal Drive,
Arlington, VA 22227
(Address of principal
executive offices)
(703) 872-7000
(Registrant's
telephone number, including area code)
Item 5.      Other Events
Attached
hereto as Exhibit 99.1 are certain slides presented by the Debtors at the hearing
(Distressed Termination Hearing) to consider the Debtors' Motion Seeking (1) a
Determination That They Satisfy the Financial Requirements for a Distress Termination of
the Retirement Income Plan for Pilots of US Airways, Inc., and Approval of Such Pension
Plan's Termination, and (2) Approval of a New Defined Contribution Plan for Pilots,
before the United States Bankruptcy Court for the Eastern District of Virginia, Alexandria
Division, commencing on February 21, 2003 and continuing thereafter as announced at the
Distressed Termination Hearing.
Bankruptcy
law does not permit solicitation of votes on a reorganization plan until the Bankruptcy
Court approves the applicable disclosure statement relating to the reorganization plan as
providing adequate information of a kind, and in sufficient detail, as far as is
reasonably practicable in light of the nature and history of the debtor and the condition
of the debtor's books and records, that would enable a hypothetical reasonable
investor typical of the holder of claims or interests of the relevant class to make an
informed judgment about the plan. On January 17, 2003, the Bankruptcy Court approved the
Company's Disclosure Statement with respect to its First Amended Plan of
Reorganization (Amended Plan) and authorized a balloting and solicitation process that
commenced on January 31, 2003, and will conclude on March 10, 2003. A hearing on
confirmation of the Amended Plan is scheduled to commence in the Bankruptcy Court on March
18, 2003. Persons who are entitled to vote on the Amended Plan should obtain and read the
Bankruptcy Court approved Disclosure Statement prior to voting to accept or reject the
Amended Plan. The Company will emerge from Chapter 11 if and when the Amended Plan
receives the requisite creditor approvals and is confirmed by the Bankruptcy Court.
Certain
of the information contained in the attached slides should be considered
"forward-looking statements" within the meaning of the Private Securities
Litigation Reform Act of 1995, that reflect the Company's current views with respect
to current events and financial performance. Such forward looking statements are and will
be, as the case may be, subject to many risks, uncertainties and factors relating to the
Company's operations and business environment which may cause the actual results of
the Company to be materially different from any future results, express or implied, by
such forward-looking statements. Factors that could cause actual results to differ
materially from these forward-looking statements include, but are not limited to, the
following: the ability of the Company to continue as a going concern; the ability of the
Company to operate pursuant to the terms of the DIP facility; the Company's ability
to obtain court approval with respect to motions in the Chapter 11 proceeding prosecuted
by it from time to time; the ability of the Company to develop, prosecute, confirm and
consummate one or more plans of reorganization with respect to the Chapter 11 cases; risks
associated with third parties seeking and obtaining court approval to terminate or shorten
the exclusivity period for the Company to propose and confirm one or more plans of
reorganization, for the appointment of a Chapter 11 trustee or to convert the cases to
Chapter 7 cases; the ability of the Company to obtain and maintain normal terms with
vendors and service providers; the Company's ability to maintain contracts that are
critical to its operations; the potential adverse impact of the Chapter 11 cases on the
Company's liquidity or results of operations; the ability of the Company to fund and
execute its business plan; the ability of the Company to attract, motivate and/or retain
key executives and associates; the ability of the Company to attract and retain customers;
demand for transportation in the markets in which the Company operates; economic
conditions; labor costs; financing costs; aviation fuel costs; security-related costs;
competitive pressures on pricing (particularly from lower-cost competitors); weather
conditions; government legislation and regulation; consumer perceptions of the
Company's products; acts of war or terrorism; and other risks and uncertainties
listed from time to time in the Company's reports to the United States Securities and
Exchange Commission. Other factors and assumptions not identified above are also involved
in the preparation of forward-looking statements, and the failure of such other factors
and assumptions to be realized may also cause actual results to differ materially from
those discussed. The Company assumes no obligation to update such estimates to reflect
actual results, changes in assumptions or changes in other factors affecting such
estimates other than as required by law. Similarly, these and other factors, including the
terms of any reorganization plan ultimately confirmed, can affect the value of the
Company's various pre-petition liabilities, common stock and/or other equity
securities. While no assurance can be given as to what values, if any, ultimately will be
ascribed in the bankruptcy proceedings to each of these constituencies, it should be noted
that the Amended Plan, which the Company is seeking to confirm in March, affords no
distribution to the Company's equity security holders and cancels such equity
securities. Accordingly, the Company urges that the appropriate caution be exercised with
respect to existing and future investments in any of these liabilities and/or securities.
Item 7.     Financial
Statements and Exhibits
(c)
Exhibits
Designation
Description
99.1
Certain slides presented at the Distressed Termination Hearing.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrants have duly
caused this report to be signed on their behalf by the undersigned hereunto duly
authorized.
US Airways Group, Inc. (REGISTRANT)
Date: February 24, 2003
By:
/s/ Anita P. Beier
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)
US Airways, Inc. (REGISTRANT)
Date: February 24, 2003
By:
/s/ Anita P. Beier
Anita P. Beier
Vice President and Controller
(Chief Accounting Officer)