US Airways Group
 |
|
| Public | |
| Traded as | : LCC (until 12/2013) |
| Industry | Aviation |
| Fate | Merged with AMR Corporation |
| Successor | American Airlines Group |
| Founded | 1939 |
| Defunct | December 9, 2013 |
| Headquarters | Tempe, Arizona, United States |
|
Key people
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|
| Products | Airline services |
| Revenue |
 US$ 13.05 billion (2011) |
 US$ 426 million (2011) |
|
|
US$ 71 million (2011) |
|
| Total assets |
US$ 8.33 billion (2011) |
| Total equity |
US$ 150 million (2011) |
|
Number of employees
|
31,467 (2011) |
| Website | usairways.com |
US Airways Group Inc. was an airline holding company based in Tempe, Arizona. US Airways Group operated US Airways, along with its subsidiaries PSA Airlines, Inc. and Piedmont Airlines, Inc., which are wholly owned but marketed under the branding of US Airways Express. It merged with America West Holdings Corporation, parent of America West Airlines, in 2005, and the combined company adopted the better-known US Airways name; the two airlines' operating certificates merged in 2007. It also operates additional companies that provide associated services. ACE Aviation Holdings, the Canadian parent of Air Canada retained a roughly 6.1% investment stake in US Airways Group. The route network covered destinations in 47 states, as well as international destinations.
The company merged with AMR Corporation; the combined business began trading under the new name of American Airlines Group on December 9, 2013. The combined airlines formed the largest airline in the world. US Airways' CEO, Doug Parker, became CEO of the new company.
Prior to merging with America West Holdings Corporation, US Airways Group was based in Arlington County, Virginia.
In August 2002, US Airways Group Inc. filed for bankruptcy protection in an effort to correct its financial problems brought on by rising costs and the post-Sept. 11 drop-off in air travel.
On September 12, 2004, US Airways Group and most of its subsidiaries filed for bankruptcy protection for the second time in three years. US Airways Group and the aforementioned subsidiaries, including US Airways, emerged from Chapter 11 bankruptcy protection with the help $125 million equity investment from Air Wisconsin's parent company Air Wisconsin Airlines Corporation [1] on September 27, 2005, in connection with the completion of its merger with America West Holdings Corporation.
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Wikipedia