USÊAirways reported its August 2003 passenger traffic today. Revenue passenger miles for August 2003 decreased 5.7 percent on 10.0 percent less capacity compared to August 2002. The passenger load factor was 80.8 percent, a 3.7 percentage point increase compared to August 2002, and was both a record for the month of August and the second highest passenger load factor in the company’s history.

Year-to-date 2003 revenue passenger miles decreased 10.1 percent on 11.4 percent less capacity compared to the first eight months of 2002. The passenger load factor for the period was 74.3 percent, a 1.1 percentage point increase compared to the first eight months of 2002.

“Leisure traffic for August, like all of the summer months, has been strong, resulting in another monthly record load factor,” said B. Ben Baldanza, US Airways senior vice president of marketing and planning. “We still are not seeing any significant improvement in yield compared to last year as a result of continued industry over-capacity and depressed business demand.”

The three wholly owned subsidiaries of USÊAirways Group, Inc.—Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.—reported an 18.7 percent decrease in revenue passenger miles for the month of August on 16.0 percent less capacity. The passenger load factor was 54.0 percent, a 1.8 percentage point decrease compared to August 2002.

Year-to-date 2003, Allegheny Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc., reported a 16.0 percent decrease in revenue passenger miles on 15.0 percent less capacity. The passenger load factor was 52.6 percent, a 0.6 percentage point decrease compared to the first eight months of 2002.

System mainline passenger unit revenue for August 2003 is expected to increase between 6 percent and 7 percent compared to August 2002.

USÊAirways ended the month by completing 97.9 percent of its scheduled flights.

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