Vacation Subsidiary Merges Into America West Airlines

America West Holdings Corporation announced today that it has merged The
Leisure Company, a wholly-owned subsidiary, into America West Airlines,
Inc., the Company`s other wholly-owned subsidiary. As a result of the
merger, The Leisure Company, which is one of the nation`s largest tour
operators, will cease to exist as a separate legal entity and will instead
be a division of the airline. This merger will save costs and streamline
operations for the Company and will not change any operating procedures.

The Leisure Company was formed in 1997 as a subsidiary of America West
Holdings Corporation to market and sell vacation packages under the brand
America West Vacations. Vacation packages are available in Arizona,
California, Hawaii, Mexico, Nevada, New York and Boston. Vacation packages
may consist of hotel accommodations, ground transportation, air
transportation on America West Airlines, America West Express, which is
operated by subsidiary airlines of Mesa Air Group, or Hawaiian Airlines as
well as other services.
America West Holdings Corporation is an aviation and travel services
company. Wholly owned subsidiary, America West Airlines, is the nation`s
second largest low-fare carrier, with 13,000 employees serving 55,000
customers a day in 93 destinations in the U.S., Canada, Mexico and Costa