US Airways 2004 Annual Report Download - page 21

Table of Contents
Our stock price may continue to be volatile and could decline substantially.
The stock market has, from time to time, experienced extreme price and volume fluctuations. Many factors may cause the market price for the Class B
common stock to decline including, among others, the following:
• our operating results failing to meet the expectations of securities analysts or investors in any quarter;
• downward revisions in securities analysts' estimates;
• material announcements by us or our competitors;
• public sales of a substantial number of shares of our Class B common stock;
• governmental regulatory action; and
• adverse changes in general market conditions or economic trends.
ITEM 2. PROPERTIES
For a description of the Company's properties, see Item 1 of Part I of this Annual Report on Form 10-K.
ITEM 3. LEGAL PROCEEDINGS
Holdings, AWA and certain of Holdings' stockholders, executive officers and directors have been named as defendants in lawsuits filed in March and April
of 1999 and subsequently consolidated in the Federal District Court of Arizona, alleging violations of the Exchange Act in connection with Holdings' public
disclosures regarding its business and prospects during 1997 and 1998. The defendants deny the claims set forth in these lawsuits. A settlement of the lawsuits
was reached with the plaintiffs in November 2004 for $15 million. A fairness hearing was held on March 9, 2005 to allow class members to object to the
settlement. No objections were filed and the Court entered a final judgment. The lawsuit was fully insured, but AWA contributed $5.1 million to the
settlement due to the insolvency of one of its insurers.
In addition, Holdings and its subsidiaries are parties to various legal proceedings, including some purporting to be class action suits and some that demand
large monetary damages or other relief, which, if granted, would require significant expenditures. See Note 6, "Commitments and Contingencies —
(e) Contingent Legal Obligations," in Holdings' Notes to Consolidated Financial Statements and Note 7, "Commitments and Contingencies — (e) Contingent
Legal Obligations," in AWA's Notes to Consolidated Financial Statements.
ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
None.
Executive Officers of the Registrant
Set forth below is information with respect to the names, ages, positions and offices with Holdings and AWA of the executive officers of Holdings and
AWA as of March 14, 2005.
W. Douglas Parker, Age 43. Chairman of the Board, President and Chief Executive Officer of Holdings and AWA. Mr. Parker joined the Company as
Senior Vice President and Chief Financial Officer in June 1995. He was elected Executive Vice President of the Company and Executive Vice President —
Corporate Group of AWA in April 1999. He was elected President of AWA in May 2000 and Chief Operating Officer of AWA in December 2000. He was
elected to his current positions in September 2001.
J. Scott Kirby, Age 37. Executive Vice President – Sales and Marketing of AWA. Mr. Kirby joined AWA as Senior Director – Schedules and Planning in
October 1995. In October 1997, Mr. Kirby was elected to the position of Vice President – Planning and in May 1998, he was elected to the position of Vice
President – Revenue Management. In January 2000, he was elected to the positions of Senior Vice President — E-Business and Technology of AWA. He was
elected to his current position in September 2001.
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