US Airways Group

{{Infobox company

| name = US Airways Group Inc.

| logo = US Airways Logo Star Alliance 2011.svg

| logo_size = 250px

| fate = Acquired AMR Corporation, formed American Airlines Group

| type = Public

| traded_as = {{NYSE was|LCC}}

| foundation = 1939

| defunct = {{End date|2013|12|09}}

| successor = American Airlines Group

| predecessor = America West Holdings (acquired US Airways Group in 2005 and took its name)

| location = Tempe, Arizona, United States

| key_people = {{Unbulleted list

| Doug Parker (CEO)

| Scott Kirby (President)

}}

| industry = Aviation

| revenue = {{increase}} {{US$|13.05 billion|link=yes}} (2011){{cite web|url=https://www.sec.gov/Archives/edgar/data/701345/000095012311017132/p18649e10vk.htm|title=2010 Form 10-K, US Airways Group Inc.|publisher=United States Securities and Exchange Commission}}

| operating_income = {{decrease}} {{US$|426 million}} (2011)

| net_income = {{decrease}} {{US$|71 million}} (2011)

| assets = {{increase}} {{US$|8.33 billion}} (2011)

| equity = {{increase}} {{US$|150 million}} (2011)

| num_employees = 31,467 (2011)

| homepage = {{webarchive |url=https://web.archive.org/web/*/http://www.usairways.com/ |date=* |title=Archived official website }}

}}

File:USAirwaysHQTempe.jpg]]

US Airways Group Inc. was an airline holding company based in Tempe, Arizona.{{cite web |title=US Airways Group |url=https://www.forbes.com/companies/us-airways-group/ |website=Forbes |access-date=19 October 2024}} 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.{{cite news |date=November 27, 2013 |title=American Airlines and US Airways merger cleared by judge |url=https://www.bbc.co.uk/news/business-25126564 |newspaper=BBC News |access-date=December 7, 2013}} The combined airlines formed the largest airline in the world. US Airways' CEO, Doug Parker, became CEO of the new company.{{cite news |last=Shankman |first=Samantha |date=December 6, 2013 |title=American Airlines CEO Tom Horton Sends Thank You Note to Employees |url=http://skift.com/2013/12/06/american-airlines-ceo-tom-horton-sends-thank-you-note-to-employees/ |newspaper=Skift |access-date=December 7, 2013}}

History

= Founding and Name Changes =

US Airways traces its history to All American Aviation Inc, a company founded in 1939 by du Pont family brothers Richard C. du Pont and Alexis Felix du Pont, Jr.{{Cite web|url=https://www.aa.com/i18n/customer-service/about-us/history-of-american-airlines.jsp|title=History of American Airlines – About us – American Airlines|website=aa.com|language=en|access-date=2018-06-23}}{{Cite book|url=https://books.google.com/books?id=Wn38CQAAQBAJ&q=A.+Felix+duPont+Jr.+us+airways&pg=PA118|title=Franklin|last=Benton|first=Sarah Ann|date=2015-06-22|publisher=Arcadia Publishing|isbn=9781439652008|language=en}}{{Cite news|url=https://mashable.com/2015/10/17/us-airways-takes-off/#YSH9pjR2cuqE|title=US Airways takes off: A look back at the now former airline|last=Plautz|first=Jessica|work=Mashable|access-date=2018-06-23|language=en}}{{Cite news|url=http://www.sandiegouniontribune.com/sdut-timeline-of-major-events-in-us-airways-history-2013nov12-story.html|title=Timeline of major events in US Airways history|last=Writer|first=SCOTT MAYEROWITZ AP Airlines|work=sandiegouniontribune.com|access-date=2018-06-24|language=en-US}} Headquartered in Pittsburgh, the airline served the Ohio River valley in 1939. In 1949 the company was renamed All American Airways as it switched from airmail to passenger service; it changed its name again to Allegheny Airlines on January 1, 1953.{{cite encyclopedia|title=US Airways|encyclopedia=Encyclopædia Britannica|url=http://www.britannica.com/EBchecked/topic/620250/US-Airways|access-date=2015-10-22|date=19 October 2015}}

In 1979, Allegheny changed its name to USAir, and in February 1997, to US Airways.{{Cite web|url=https://news.google.com/newspapers?id=9XYUAAAAIBAJ&pg=4437,7427487&dq=us+air+allegheny&hl=en|title=Toledo Blade – Google News Archive Search|website=news.google.com|access-date=2018-06-24}}{{Dead link|date=August 2023 |bot=InternetArchiveBot |fix-attempted=yes }}{{Cite news|url=https://airwaysmag.com/best-of-airways/us-airways-flies-history/|title=Us Airways flies into history – Airways Magazine|date=2016-05-05|work=Airways Magazine|access-date=2018-06-24|language=en-US}}

= US Airways/America West merger =

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.{{cite web |url= http://forum.keypublishing.com/showthread.php?7601-US-Airways-files-for-Chapter-11-Bankruptcy-protection| title=US Airways files for Chapter 11 Bankruptcy protection }}

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 [https://archive.today/20070513171703/http://www.jsonline.com/story/index.aspx?id=359041] on September 27, 2005, in connection with the completion of its merger with America West Holdings Corporation.

On May 19, 2005, US Airways Group announced that it would merge with Tempe, Arizona-based America West Holdings Corporation, whose strength in the West would complement US Airways' routes in the Northeast, Europe, and the Caribbean. Prior to merging with America West Holdings Corporation, US Airways Group was based in Arlington County, Virginia.{{cite web|url=https://www.sec.gov/Archives/edgar/data/701345/000095012305011287/p70803a2sv1za.htm#137|title=Amendment No. 2 to FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933|work=Securities and Exchange Commission|access-date=2012-01-22}} At the time of announcement, plans called for the new entity to retain the US Airways brand, its Dividend Miles frequent flyer program, and participation in the Star Alliance (subject to the approval of partner United Airlines); however, it would be headquartered at America West's corporate offices and America West executives and board members would be in control of the merged company. The merger was completed on September 27, 2005.

In October 2006, US Airways leased new office space in a building across the street from its corporate headquarters in Tempe, Arizona to expand and centralize its Corporate operations.

= US Airways/Delta proposed merger =

On November 15, 2006, US Airways Group announced a proposal to purchase Delta Air Lines for $8.0 billion, half of this amount to be paid in cash with the remainder to be paid in stock. US Airways Group had obtained a firm commitment from Citibank to provide financing for both the cash portion of the merger offer, as well as the required secured loan refinancing at both airlines. The combined airlines would have flown under the Delta Air Lines name. Delta Air Lines repeatedly stated its intentions of exiting bankruptcy as a stand-alone carrier. On December 19, 2006, Delta's Board of Directors officially rejected US Airways offer. The final decision, however, was up to Delta Air Lines creditors as well as a bankruptcy judge as to what would happen.

Delta employees, represented by the Delta Board Council and the Air Line Pilots Association, organized against what they termed the "hostile takeover" effort by US Airways under the title "Keep Delta My Delta". A rally against the US Airways merger at the Georgia International Convention Center was held December 13, 2006, and attended by nearly 3000 pilots, family members, and other supporters.{{cite news| url=http://www.ledger-enquirer.com/mld/ledgerenquirer/16230867.htm | title=Delta pilots rally for their airline in face of US Airways bid | first=Daniel | last=Yee | work=Columbus Ledger-Enquirer | publisher=Associated Press | date=2006-12-13 | access-date=2007-02-06}} {{Dead link|date=October 2010|bot=H3llBot}}

On January 10, 2007, US Airways upped their bid for Delta from $8.5 billion to $10.2 billion, and imposed a deadline of February 1 for Delta's creditors committee to move forward with the deal. The move was made, according to US Airways president Scott Kirby, to remove any doubt that the US Airways offer was the best one on the table.{{cite news | title=US Airways ups the ante to woo Delta creditors | url=http://www.eastvalleytribune.com/index.php?sty=82133 | work=East Valley Tribune | first=Donna | last=Hogan | date=2007-01-11 | access-date=2007-02-06 }}{{Dead link|date=September 2018 |bot=InternetArchiveBot |fix-attempted=yes }}

On January 31, 2007, following a decision by the creditors committee to support Delta's standalone reorganization plan, US Airways withdrew its merger offer.{{cite news | title=US Airways' hopes dashed | url=http://www.azcentral.com/arizonarepublic/business/articles/0201biz-usairways0201.html | work=The Arizona Republic | first=Dawn | last=Gilbertson | date=2007-02-01 | access-date=2007-02-06}}

= US Airways/American Airlines merger =

In January 2012, US Airways expressed interest{{cite web|url=http://www.bizjournals.com/charlotte/news/2012/01/26/us-airways-ceo-confirms-interest-in.html|title=US Airways CEO confirms interest in American Airlines|publisher=Charlotte Business Journal|author=Matt Joyce, Staff Writer|date=January 26, 2012|access-date=March 24, 2012}} to take over American Airlines and the AMR CEO said in March, that American is open to merger.{{cite web|url=http://www.bizjournals.com/stlouis/morning_call/2012/03/american-airlines-open-to-merger-ceo.html|title=American Airlines open to merger, CEO hints|publisher=Charlotte Business Journal|date=March 19, 2012|access-date=March 24, 2012}} {{asof|September 2012|post=,}} American Airlines, under chapter 11 bankruptcy protection, was looking to merge with another airline. In July of that year, in a Bankruptcy Court filing US Airways disclosed that it was an American Airlines creditor and "prospective merger partner. Then on August 31, 2012, US Airways CEO Doug Parker announced that American Airlines and US Airways had signed a nondisclosure agreement, in which the airlines would discuss their financials and a possible merger."{{cite journal|url=http://www.leveragedloan.com/creditor-prospective-merger-partner-us-airways-gives-support-to-american-exclusivity-extension/|title=Creditor, 'prospective merger partner' US Airways gives support to American exclusivity extension

|website=LeveragedLoan.com|date=July 15, 2012}}

On February 14, 2013, US Airways Group and AMR Corporation officially announced that the two companies would merge to form the largest airline in the world. The combined airline will carry the American Airlines name and branding, while US Airways' management team, including CEO Doug Parker, will retain most operational management positions. The headquarters for the new airline will also be consolidated at American's current headquarters in Fort Worth, Texas.{{cite web|url=https://www.reuters.com/article/us-americanairlines-merger-idUSBRE91D0MF20130214|title=American Airlines, US Airways unveil $11 billion merger|publisher=Reuters|date=February 14, 2013|access-date=February 14, 2013}}{{cite press release |title=AMERICAN AIRLINES AND US AIRWAYS TO CREATE A PREMIER GLOBAL CARRIER — THE NEW AMERICAN AIRLINES |date=14 February 2013 |publisher=AMR & US Airways Group |location=Fort Worth, TX & Tempe, AZ |url=http://hub.aa.com/en/nr/pressrelease/american-airlines-us-airways-merger |access-date=2013-02-14 |archive-url=https://web.archive.org/web/20130216235338/http://hub.aa.com/en/nr/pressrelease/american-airlines-us-airways-merger |archive-date=16 February 2013 |url-status=dead }}

Destinations

See US Airways destinations for destinations served by US Airways Group's four airline subsidiaries, along with the independent US Airways Express carriers.

Subsidiaries

= Airline subsidiary divisions =

US Airways, Inc. which includes US Airways Shuttle
Piedmont Airlines, Inc. dba US Airways Express
PSA Airlines, Inc. dba US Airways Express

= Airline holdings =

US Airways Group used to hold a (10%) investment in Mesa Air Group

= Former subsidiaries =

Allegheny Airlines, Inc. dba US Airways Express, was merged into Piedmont Airlines, Inc., on July 1, 2004
US Airways Leasing and Sales, Inc. remarketed aircraft, parts, and equipment, and was merged into US Airways, Inc., on July 1, 2004
US Airways Services Corporation, Inc. f/k/a MidAtlantic Airways, Inc., was merged into US Airways, Inc., on July 1, 2004
Potomac Air, Inc. dba US Airways Express ceased operations in October 2001
Shuttle, Inc. dba US Airways Shuttle, was merged into US Airways, Inc., on July 1, 2000

References

External links

[https://web.archive.org/*/www.usairways.com/en-US/aboutus/investorrelations/default.html Investor relations] (Archive)
[https://web.archive.org/*/www.usairways.com/en-US/aboutus/pressroom/welcome.html US Airways Group press room] (Archive)
[https://web.archive.org/*/http://www.usairways.com/en-US/aboutus/investorrelations/secfilings.html US Airways Group SEC filings] (Archive)

Category:Airline holding companies of the United States

Category:Defunct airlines of the United States

Category:Defunct companies based in Arizona

Category:Companies based in Tempe, Arizona

Category:American companies established in 1939

Category:Airlines established in 1939

Category:Holding companies established in 1939

Category:Transport companies established in 1913

Category:Airlines disestablished in 2013

Category:Transport companies disestablished in 2013

Category:Holding companies disestablished in 2013

Category:2013 mergers and acquisitions