US Airways 2004 Annual Report Download - page 339

Exhibit 23.1
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
The Board of Directors and Stockholders
America West Holdings Corporation:
We consent to the incorporation by reference in the registration statements on Form S-3 (No. 333-113471, No. 333-110031 and No. 333-88588) of America
West Holdings Corporation (the "Company") and America West Airlines, Inc., ("AWA") the registration statement on Form S-3 (No. 333-02129) of AWA
and the registration statements on Form S-8 (No. 333-118188, No. 333-94361, No. 333-40486 and No. 333-89288) of the Company of our reports dated
March 11, 2005, with respect to the consolidated balance sheets of the Company and subsidiary as of December 31, 2004 and 2003, and the related
consolidated statements of operations, cash flows and stockholders' equity and comprehensive income for the years then ended, the related consolidated
financial statement schedule, and our report on management's assessment of the effectiveness of internal control over financial reporting and the effectiveness
of internal control over financial reporting as of December 31, 2004, which reports appear in the December 31, 2004 annual report on Form 10-K of the
Company. Our report on management's assessment of the effectiveness of internal control over financial reporting and the effectiveness of internal control
over financial reporting as of December 31, 2004 expresses our opinion that the Company did not maintain effective internal control over financial reporting
as of December 31, 2004 because of the effect of a material weakness on the achievement of the objectives of the control criteria and contains an explanatory
paragraph that states the Company did not maintain effective internal control over financial reporting due to a material weakness associated with its
accounting for AWA's fuel hedging transactions. Management concluded that AWA's fuel hedging transactions did not qualify for hedge accounting under
U.S. generally accepted accounting principles and that the Company's financial statements for prior periods required restatement to reflect the fair value of
fuel hedging contracts in the balance sheets and statements of stockholders equity and comprehensive income for Holdings and AWA. These accounting
errors were the result of deficiencies in its internal control over financial reporting from the lack of effective reviews of hedge transaction documentation and
of quarterly mark-to-market accounting entries on open fuel hedging contracts by personnel at an appropriate level.
We also consent to the incorporation by reference of our reports dated March 11, 2005, relating to the consolidated balance sheets of AWA and subsidiary as
of December 31, 2004 and 2003, and the related consolidated statements of operations, cash flows and stockholder's equity and comprehensive income for the
years then ended, and the related financial statement schedule, which reports appear in the December 31, 2004 annual report on Form 10-K of AWA.
Our report dated March 11, 2005, related to the consolidated financial statements of the Company refers to the restatement of the Company's consolidated
balance sheet and consolidated statement of stockholders' equity as of and for the year ended December 31, 2003 and the restatement of the Company's
dilutive earnings per share for the year ended December 31, 2003 in connection with the adoption of Emerging Issues Task Force 04-8 "The Effect of
Contingently Convertible Instruments on Diluted Earnings Per Share". Our report dated March 11, 2005, related to the consolidated financial statements of
AWA refers to the restatement of AWA's consolidated balance sheet and consolidated statement of stockholder's equity as of and for the year ended
December 31, 2003.
/s/ KPMG LLP
Phoenix, Arizona
March 11, 2005