US Airways Group, Inc.

US Airways Group, Inc. Reports October Traffic [Press Release]
Business Wire | 18 days 4 hours 5 minutes ago
US Airways Group, Inc. (NYSE: LCC) today reported October and year-to-date 2008 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.7 billion, down 3.6 percent from October 2007. Capacity was 5.7 billion available seat miles (ASMs), down 5.2 percent versus October 2007. For the third consecutive month, US Airways set a monthly record with passenger load factor of 81.9 percent for the month of October 2008 versus 80.5 percent in October 2007.

US Airways Group, Inc. Reports Third Quarter 2008 Results [Press Release]
Business Wire | 31 days 4 hours 34 minutes ago
US Airways Group, Inc. (NYSE: LCC) today reported a net loss for its third quarter 2008 of $242 million or $2.35 per share which excluded special charges that totaled $623 million. Special charges in the third quarter 2008 included $488 million of unrealized losses resulting from mark-to-market adjustments on fuel hedging instruments. On a GAAP basis, the Company reported a net loss for its third quarter 2008 of $865 million, or $8.45 per share, compared to a net profit of $177 million, or $1...

US Airways Group, Inc. Secures $950 Million in Financing and Liquidity Commitments [Press Release]
Business Wire | 31 days 4 hours 35 minutes ago
US Airways Group, Inc. (NYSE: LCC) announced today that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with $400 million of proceeds used to prepay the Company’s $1.6 billion bank debt facility. In exchange for this prepayment, the unrestricted cash covenant contained in the loan agreement for the...

Seabury Serves as Financial Advisor to US Airways Group, Inc. in Completing $950 Million of Financings [Press Release]
Business Wire | 31 days 4 hours 25 minutes ago
Seabury Group LLC’s broker-dealer unit, Seabury Securities LLC, today announced that it served as financial advisor to US Airways Group, Inc. in securing $950 million of new financing through a series of transactions with several of the company’s strategic business partners. This follows the August 2008 successful $179 million common equity offering for which Seabury also advised US Airways.

Aviation Industry Veteran David N. Siegel Named CEO of XOJET [Press Release]
Business Wire | 48 days 3 hours 12 minutes ago
Aviation industry veteran David N. Siegel, the former CEO of Gate Gourmet Group Inc. and US Airways Group, Inc., has been named president and CEO of XOJET, one of the world’s fastest growing private aviation companies. Mr. Siegel has been a member of XOJET’s board of directors since 2007. Having successfully led the company since its inception two years ago, Paul Touw, the company’s founder and chief architect, will take on the role of executive chairman, strengthening the leadership team as ...

US Airways Group, Inc. Reports Record September Load Factor [Press Release]
Business Wire | 51 days 4 hours 5 minutes ago
US Airways Group, Inc. (NYSE: LCC) today reported September, third quarter and year-to-date 2008 traffic results. Mainline revenue passenger miles (RPMs) for the month were 4.6 billion, down 1.0 percent from September 2007. Capacity was 5.8 billion available seat miles (ASMs), down 3.5 percent versus September 2007. Passenger load factor for the month of September was a record 80.1 percent, up 2.0 points versus September 2007.

US Airways Group, Inc. Reports Second Quarter 2008 Results [Press Release]
Business Wire | 124 days 5 hours 5 minutes ago
US Airways Group, Inc. (NYSE: LCC) today reported a net loss for its second quarter 2008 of $567 million, or $6.16 per share, compared to a net profit of $263 million, or $2.77 per diluted share for the same period last year. Excluding net special items of $466 million, the Company reported a net loss of $101 million, or $1.11 per share for its second quarter 2008. This compares to a net profit excluding special items of $261 million, or $2.74 per diluted share for the second quarter of 2007,...

US Airways Third Quarter 2008 Financial Conference Call to Be Webcast [Press Release]
Business Wire | 36 days 23 hours 37 minutes ago
US Airways Group, Inc. (NYSE: LCC) will conduct a live audio webcast of its third quarter 2008 financial results conference call with the financial community on Thursday, Oct. 23, at 1:00 p.m. EDT (10:00 a.m. PDT).

Former Cathay Pacific Airways CEO David Turnbull Joins Seabury As Chairman of Seabury Asia [Press Release]
Business Wire | 12 days 15 hours 5 minutes ago
Seabury Group LLC (“Seabury”) today announced that it has formed a Hong Kong subsidiary, Seabury Aviation & Aerospace Asia (Hong Kong) Ltd. (“Seabury Asia”) with its principal office in Hong Kong, and that aviation and shipping executive David Turnbull has joined as Chairman of that entity. Seabury formed Seabury Asia in response to the growing demand of Seabury’s Asian aviation, aerospace, cargo and maritime clients for Seabury’s financial advisory, strategy and operational consultancy servi...