Contact: Dan Cravens
480-693-5729

FOR IMMEDIATE RELEASE

US AIRWAYS REPORTS SECOND QUARTER PROFIT

Highlights of US Airways Group, Inc.’s (the Company) second quarter 2011 results:

TEMPE, Ariz., July 21, 2011 — US Airways Group, Inc. (NYSE: LCC) today reported its second quarter 2011 financial results. The Company reported a net profit excluding special items for the second quarter 2011 of $106 million, or $0.56 per diluted share. This compares to the second quarter 2010 net profit excluding special items of $265 million, or $1.34 per diluted share. On a GAAP basis, the Company reported a net profit for the second quarter 2011 of $92 million, or $0.49 per diluted share. This compares to the second quarter 2010 net profit of $279 million, or $1.41 per diluted share.

See the accompanying notes in the Financial Tables section of this press release for a reconciliation of GAAP financial information to non-GAAP financial information.

US Airways Group, Inc. Chairman and CEO Doug Parker stated, “We are pleased to report a profit for the second quarter 2011 – particularly in spite of a 47 percent year-over-year increase in fuel price. Overall demand for our services remained strong during the quarter with revenues up more than ten percent, while our mainline unit cost excluding special items, fuel and profit sharing increased only one percent.

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“Looking forward, our team is doing an excellent job of managing through a challenging environment and we believe their efforts combined with continued capacity discipline, revenue management and cost discipline have us well positioned for the future.”

Revenue and Cost Comparisons

A strong demand environment led to improved revenue performance. Total revenues in the second quarter were approximately $3.5 billion, up 10.5 percent versus the second quarter 2010 on a 3.3 percent increase in total available seat miles (ASMs). Total revenue per available seat mile was 15.36 cents, up 6.9 percent versus the same period last year driven primarily by a 6.5 percent increase in passenger yields.

Total operating expenses in the second quarter were $3.3 billion, up 18.8 percent over the same period last year due primarily to a $424 million increase in consolidated fuel expense. Mainline CASM was 13.15 cents, up 14.6 percent. Excluding special items, fuel and profit sharing, mainline CASM was 8.16 cents, up only 1.0 percent versus the same period last year. Express CASM excluding special items and fuel was 14.21 cents, up 5.4 percent on a 1.6 percent increase in ASMs, largely due to our PSA CRJ-200 fleet coming off their maintenance honeymoon.

Liquidity

As of June 30, 2011, the Company had approximately $2.6 billion in total cash and investments, of which $388 million was restricted.

During the second quarter, the Company completed an offering of 2011-1 Class A, B and C enhanced equipment trust certificates (EETCs) in the aggregate face amount of approximately $471 million. The net proceeds from the offering were used to refinance five owned Airbus aircraft, to finance four Airbus aircraft scheduled to be delivered in September 2011 and October 2011, and for general corporate purposes.

In addition, on June 30, the Company announced an additional offering of EETCs in the aggregate face amount of approximately $53 million. This offering was an issuance of Class C certificates under the Company’s Series 2010-1 series of EETCs issued in December 2010. The net proceeds from the offering will be used for general corporate purposes and will be reflected in the Company’s third quarter cash and investments balance.

As a result of the above mentioned EETC transactions and other recently completed aircraft financings, the Company has secured market based financing commitments for all of its aircraft deliveries through June 2012.

US Airways’ Chief Financial Officer, Derek Kerr stated, “We are very pleased with the results of our recent EETC financings. These transactions allowed us to efficiently finance our remaining 2011 aircraft deliveries and increase liquidity by approximately $137 million through the two separate issuances of Class C certificates. The completion of these transactions, which have not been available to any airline since 2007, indicates an improving capital markets environment for our Company and the industry.”

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Special Items

The Company recognized approximately $14 million of net special items in the second quarter. These special items include $6 million of operating charges primarily related to legal costs incurred in connection with our Delta slot transaction. In addition, included within nonoperating expense was $8 million primarily related to refinancings completed in the second quarter, which includes debt prepayment penalties and non-cash write-offs of certain debt issuance costs.

Notable Accomplishments

Analyst Conference Call/Webcast Details

US Airways will conduct a live audio webcast of its earnings call today at 1:30 p.m. ET, which will be available to the public on a listen-only basis at www.usairways.com under the Company Info >>Investor Relations tab. An archive of the call/webcast will be available in the Investor Relations portion of the Web site through Aug. 21.

2011 Investor Guidance

The Company will provide its investor relations guidance on its Web site (www.usairways.com) immediately following its 1:30 p.m. ET conference call. The Company typically provides guidance related to cost per available seat mile (CASM) excluding special items and fuel, fuel prices, other revenues and estimated interest expense/income on its investor relations update page on its web site. This update will also include the airline’s capacity, fleet plan and estimated capital spending for 2011.

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About US Airways

US Airways, along with US Airways Shuttle and US Airways Express, operates more than 3,200 flights per day and serves more than 200 communities in the U.S., Canada, Mexico, Europe, the Middle East, the Caribbean, Central and South America. The airline employs 32,000 aviation professionals worldwide and is a member of the Star Alliance network, which offers its customers 21,000 daily flights to 1,160 airports in 181 countries. Together with its US Airways Express partners, the airline serves approximately 80 million passengers each year and operates hubs in Charlotte, N.C., Philadelphia and Phoenix, and a focus city in Washington, D.C. at Ronald Reagan Washington National Airport. US Airways was the only airline included as one of the 50 best companies to work for in the U.S. by LATINA Style magazine’s 50 Report for 2010. For the sixth year in a row, the airline also earned a 100 percent rating on the Human Rights Campaign Corporate Equality index, a leading indicator of companies’ attitudes and policies toward lesbian, gay, bisexual and transgender employees and customers. US Airways also ranked #1 among its competing hub-and-spoke network carriers for 2010 performance as rated by the Wichita State University/Purdue University Airline Quality Rating (AQR). For more company information visit usairways.com, follow on Twitter @USAirways or at Facebook.com/USAirways. (LCCF)

Forward Looking Statements

Certain of the statements contained or referred to herein are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements may be identified by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “plan,” “project,” “could,” “should,” and “continue” and similar terms used in connection with statements regarding, among others, the outlook, expected fuel costs, revenue and pricing environment, and expected financial performance and liquidity position of the Company. Such statements include, but are not limited to, statements about future financial and operating results, the Company’s plans, objectives, expectations and intentions, and other statements that are not historical facts. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties that could cause the Company’s actual results and financial position to differ materially from these statements. Such risks and uncertainties include, but are not limited to, the following: the impact of significant operating losses in the future; downturns in economic conditions and their impact on passenger demand and related revenues; increased costs of financing, a reduction in the availability of financing and fluctuations in interest rates; the impact of the price and availability of fuel and significant disruptions in the supply of aircraft fuel; our high level of fixed obligations and our ability to fund general corporate requirements, obtain additional financing and respond to competitive developments; any failure to comply with the liquidity covenants contained in our financing arrangements; provisions in our credit card processing and other commercial agreements that may affect our liquidity; the impact of union disputes, employee strikes and other labor-related disruptions; our inability to maintain labor costs at competitive levels; interruptions or disruptions in service at one or more of our hub airports; our reliance on third-party regional operators or third-party service providers; our reliance on and costs of third-party distribution channels, including those provided by global distribution systems and online travel agents; changes in government legislation and regulation; our reliance on automated systems and the impact of any failure or

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disruption of these systems; the impact of changes to our business model; competitive practices in the industry, including the impact of industry consolidation; the loss of key personnel or our ability to attract and retain qualified personnel; the impact of conflicts overseas or terrorist attacks, and the impact of ongoing security concerns; our ability to operate and grow our route network; the impact of environmental laws and regulations; costs of ongoing data security compliance requirements and the impact of any data security breach; the impact of any accident involving our aircraft or the aircraft of our regional operators; delays in scheduled aircraft deliveries or other loss of anticipated fleet capacity; the impact of weather conditions and seasonality of airline travel; the impact of possible future increases in insurance costs and disruptions to insurance markets; the impact of global events that affect travel behavior, such as an outbreak of a contagious disease; the impact of foreign currency exchange rate fluctuations; our ability to use NOLs and certain other tax attributes; and other risks and uncertainties listed from time to time in our reports to and filings with the Securities and Exchange Commission (“SEC”). 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 publicly update or supplement any forward-looking statement to reflect actual results, changes in assumptions or changes in other factors affecting such estimates other than as required by law. Additional factors that may affect the future results of the Company are set forth in the section entitled “Risk Factors” in the Company’s Report on Form 10-Q for the quarter ended June 30, 2011 and in the Company’s other filings with the SEC, which are available at www.usairways.com.

Financial Tables to Follow

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