US Airways Reports December

US Airways reported its December 2003 passenger traffic today.
Mainline revenue passenger miles for December 2003 increased 4.1 percent
on a 3.4 increase in available seat miles compared to December 2002. The
passenger load factor was 72.9 percent, a 0.5 percentage point increase
compared to December 2002.

For the fourth quarter 2003, US Airways` revenue passenger miles increased
7.0 percent on 0.6 percent more capacity compared to October through
December 2002. The passenger load factor for the period was 72.7 percent,
a 4.4 percentage point increase compared to the fourth quarter of 2002.

Full year 2003 revenue passenger miles decreased 5.7 percent on 8.6
percent less capacity compared to 2002. The passenger load factor for the
period was 73.3 percent, a 2.3 percentage point increase compared to 2002.

The three wholly owned subsidiaries of US Airways Group, Inc.—Allegheny
Airlines, Inc., Piedmont Airlines, Inc., and PSA, Inc.—reported a 13.6
percent decrease in revenue passenger miles for the month of December on
12.5 percent less capacity compared to the same period in 2002. The
passenger load factor was 56.6 percent, a 0.7 percentage point decrease
compared to December 2002.
For the fourth quarter 2003, revenue passenger miles for the three wholly
owned subsidiaries decreased 12.1 percent on 14.4 percent less capacity
compared to the fourth quarter 2002. The passenger load factor for the
period was 56.9 percent, a 1.4 percentage point increase compared to the
fourth quarter of 2002.
The three wholly owned US Airways Express carriers reported a 15.3 percent
decrease in revenue passenger miles on 15.3 percent less capacity for the
full year 2003, compared to 2002. The passenger load factor was 53.4
percent, which was no change compared to the full year 2002.

Mainline system passenger unit revenue for December 2003 is expected to
increase between 0.9 percent and 1.9 percent compared to December 2002,
excluding an expected positive adjustment of $34.2 million to reduce the
company`s Air Traffic Liability.

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US Airways ended the month by completing 98.2 percent of its scheduled
flights compared to December 2002 when it completed 97.9 percent of its
scheduled flights. Operational performance in December 2003 was affected
in part by winter weather conditions.

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