US Airways Reports June Traffic

ARLINGTON, Va., July 3, 2003—Ê US Airways reported its June 2003 passenger traffic today. Revenue passenger miles for June 2003 decreased 5.8 percent on 7.3 percent less capacity compared to June 2002. The passenger load factor for the month was 78.6 percent, a 1.3 percentage point increase compared to June 2002.

For the second quarter 2003, revenue passenger miles decreased 10.5 percent on 11.0 percent less capacity compared to the same period in 2002. The company reported a 75.4 percent load factor for the quarter, up 0.4 percentage points compared to the second quarter of 2002.

Year-to-date 2003 revenue passenger miles decreased 12.2 percent on 11.9 percent less capacity compared to the first half of 2002. The passenger load factor for the period was 71.7 percent, a 0.2 percentage point decrease compared to the first six months of 2002.

“Although we are seeing a higher percentage of seats filled and reported a record load factor for the month of June, passenger yield shows no signs of improvement and business demand remains flat,” said B. Ben Baldanza, US Airways senior vice president of marketing and planning.

The three wholly owned subsidiaries of US Airways Group, Inc.—Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.—reported a 16.8 percent decrease in revenue passenger miles for the month of June on 16.5 percent less capacity. The passenger load factor was 56.3 percent, a 0.2 percentage point decrease compared to June 2002.

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For the second quarter 2003, US Airways Express revenue passenger miles decreased 20.9 percent on 18.9 percent less capacity. The load factor was 54.7 percent, a 1.4 percentage point decrease compared to the second quarter of 2002.

Year-to-date 2003, Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc., reported a 16.4 percent decrease in revenue passenger miles on 15.1 percent less capacity. The passenger load factor was 51.7 percent, a 0.8 percentage point decrease compared to the first six months of 2002.

System mainline passenger unit revenue for June 2003 is expected to be flat to down 1.0 percent compared to June 2002.

US Airways ended the month by completing 99.3 percent of its scheduled flights.

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