US Airways Reports November

US Airways reported its November 2003 passenger traffic today.
Mainline revenue passenger miles for November 2003 increased 8.3 percent
on a 1.6 percent drop in available seat miles compared to November 2002.
The passenger load factor was 72.6 percent, a 6.7 percentage point
increase compared to November 2002.
Year-to-date 2003 revenue passenger miles decreased 6.5 percent on 9.6
percent less capacity compared to January through November 2002. The
passenger load factor for the period was 73.3 percent, a 2.4 percentage
point increase compared to the first 11 months of 2002.

The three wholly owned subsidiaries of US Airways Group, Inc.—Allegheny
Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.—reported a 10.4
percent decrease in revenue passenger miles for the month of November on
15.1 percent less capacity compared to the same period in 2002. The
passenger load factor was 57.1 percent, a 3.0 percentage point increase
compared to November 2002.
Year-to-date 2003, the three wholly owned US Airways Express carriers
reported a 15.4 percent decrease in revenue passenger miles on 15.5
percent less capacity compared to January through November 2002. The
passenger load factor was 53.1 percent, a 0.1 percentage point increase
compared to the first 11 months of 2002.

“The demand for air travel in November was very strong, especially over
the Thanksgiving holiday, when we ran a near-perfect operation,” said US
Airways Senior Vice President of Marketing and Planning B. Ben Baldanza.
“Although we are somewhat encouraged by these results, we must stay
focused on finding ways to further reduce unit costs as this volume of
traffic is driven primarily through low fares.”

System mainline passenger unit revenue for November 2003 is expected to
increase between 8 percent and 9 percent compared to November 2002.

US Airways ended the month by completing 99.2 percent of its scheduled
flights.

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Certain of the information contained herein 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 operate
pursuant to the terms of its financing facilities; 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 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; the ability of the company to maintain
satisfactory labor relations; demand for transportation in the markets in
which the company operates; economic conditions; labor costs; financing
availability and costs; aviation fuel costs; security-related and
insurance costs; competitive pressures on pricing (particularly from
lower- cost competitors) and on demand (particularly from low-cost
carriers and multi-carrier alliances); weather conditions; government
legislation and regulation; impact of the Iraqi war; other acts of war or
terrorism; market acceptance of the company`s new common stock; and other
risks and uncertainties listed from time to time in the company`s reports
to the United States Securities and Exchange Commission. 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 update such estimates to
reflect actual results, changes in assumptions or changes in other factors
affecting such estimates other than as required by law.
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