US Airways Reports April Traffic

ARLINGTON, Va.,  May 3, 2002—US Airways reported today that revenue passenger miles for April 2002 declined 19.5 percent compared to April 2001, while available seat miles for April were down 19.9 percent compared to the same period last year. The passenger load factor for the month of April was 74.3 percent, an increase of 0.3 percentage points compared to April 2001.


For the first four months of 2002, revenue passenger miles decreased 17.0 percent compared to the same period in 2001, while available seat miles were down 19.2 percent year-over-year. The passenger load factor for the period was 70.0 percent, an increase of 1.8 percentage points compared to 2001.


The three wholly-owned subsidiaries of US Airways Group, Inc.—Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.—reported that revenue passenger miles for April 2002 increased by 7.3 percent compared to April 2001, with available seat miles up by 15.7 percent. The passenger load factor for the month was 55.6 percent, a decrease of 4.3 percentage points compared to April 2001.


For the first four months of 2002, revenue passenger miles for the three US Airways Express subsidiaries were up 2.9 percent compared to the same period last year, while available seat miles increased by 8.9 percent. The passenger load factor for the period was 50.5 percent, a decrease of 2.9 percentage points from 2001.


US Airways’ April year-over-year load factor performance can be attributed to significantly reduced capacity, ongoing industry fare sales, offset by this year’s early Easter/Passover holiday period, which fell in March compared to April last year. Passenger unit revenues are expected to decline between 12.5 percent and 13.5 percent for April 2002, compared to April last year.

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Certain of the information discussed above or enclosed herewith should be considered “forward-looking statements” within the meaning of the Private Securities Litigation Act of 1995. A number of risks and uncertainties exist which could cause the actual results to differ materially from the results projected in such forward-looking statements. Additional information concerning the factors which could cause actual results to differ materially from the forward-looking statements are contained in US Airways` periodic filings with the Securities and Exchange Commission. US Airways assumes no obligation to update such estimates to reflect actual results, changes in assumptions or changes in other factors affecting such estimates.


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