UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
(Amendment No. 1)
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 26, 2011
US AIRWAYS GROUP, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 1-8444 | | 54-1194634 |
| (State or other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
111 West Rio Salado Parkway
Tempe, Arizona
| | 85281 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code:(480) 693-0800
| |
N/A
|
| (Former name or former address if changed since last report.) |
US AIRWAYS, INC.
(Exact name of registrant as specified in its charter)
| | | | | |
| Delaware | | 1-8442 | | 53-0218143 |
| (State or other Jurisdiction of Incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
| | | |
111 West Rio Salado Parkway
Tempe, Arizona
| | 85281 |
| (Address of Principal Executive Offices) | | (Zip Code) |
Registrant’s telephone number, including area code:(480) 693-0800
| |
N/A
|
| (Former name or former address if changed since last report.) |
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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ITEM 7.01. REGULATION FD DISCLOSURE.
On January 26, 2011, US Airways Group, Inc. (the “Company”) provided an update for investors presenting information relating to its financial and operational outlook for 2011. This update included an error related solely to the table including the “Reconciliation of GAAP to Non-GAAP Financial Information” related to our Express business.
The corrected line items are as follows:
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | GAAP to Non-GAAP Reconciliation ($mil except ASM and CASM data) | |
| | | 1Q11 Range | | | 2Q11 Range | | | 3Q11 Range | | | 4Q11 Range | | | FY11 Range | |
| | | Low | | | High | | | Low | | | High | | | Low | | | High | | | Low | | | High | | | Low | | | High | |
Express | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Express operating expenses | | $ | 737 | | | $ | 751 | | | $ | 761 | | | $ | 775 | | | $ | 767 | | | $ | 781 | | | $ | 724 | | | $ | 738 | | | $ | 2,992 | | | $ | 3,044 | |
| Less express fuel expense | | | 219 | | | | 223 | | | | 241 | | | | 245 | | | | 246 | | | | 251 | | | | 233 | | | | 237 | | | | 939 | | | | 951 | |
| Less special items | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | | | | — | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Express operating expenses excluding fuel and special items | | | 518 | | | | 529 | | | | 520 | | | | 530 | | | | 521 | | | | 530 | | | | 492 | | | | 501 | | | | 2,053 | | | | 2,092 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Express CASM (GAAP) (cts) | | | 21.00 | | | | 21.40 | | | | 20.73 | | | | 21.11 | | | | 21.19 | | | | 21.57 | | | | 21.37 | | | | 21.77 | | | | 21.10 | | | | 21.46 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Express CASM excluding fuel and special items (Non-GAAP) (cts) | | | 14.77 | | | | 15.06 | | | | 14.16 | | | | 14.43 | | | | 14.39 | | | | 14.65 | | | | 14.50 | | | | 14.78 | | | | 14.48 | | | | 14.76 | |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Express ASMs (bil) | | | 3.51 | | | | 3.51 | | | | 3.67 | | | | 3.67 | | | | 3.62 | | | | 3.62 | | | | 3.39 | | | | 3.39 | | | | 14.18 | | | | 14.18 | |
No other changes have been made to the investor presentation.
An updated investor presentation is located on the Company’s website at www.usairways.com under “Investor Relations.” The update is also furnished as Exhibit 99.1 to this Current Report on Form 8-K.
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits.
| | | |
| Exhibit No. | | Description |
| 99.1 | | Investor Update |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, US Airways Group, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | |
| | US Airways Group, Inc.
|
| Date: January 26, 2011 | By: | /s/ Derek J. Kerr |
| | | Derek J. Kerr
Executive Vice President and
Chief Financial Officer |
Pursuant to the requirements of the Securities Exchange Act of 1934, US Airways, Inc. has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| | | |
| | US Airways, Inc.
|
| Date: January 26, 2011 | By: | /s/ Derek J. Kerr |
| | | Derek J. Kerr
Executive Vice President and
Chief Financial Officer |
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EXHIBIT INDEX
| | | |
| Exhibit No. | | Description |
| 99.1 | | Investor Update |
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