US Airways 2006 Annual Report Download - page 134

Table of Contents
Item 8B. Consolidated Financial Statements and Supplementary Data of America West Airlines, Inc.
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholder
America West Airlines, Inc.:
We have audited the accompanying consolidated balance sheets of America West Airlines, Inc. and subsidiary as of December 31,
2006 and 2005, and the related consolidated statements of operations, stockholder's equity (deficiency) and comprehensive income, and
cash flows for each of the years in the three-year period ended December 31, 2006. These consolidated financial statements are the
responsibility of the Company's management. Our responsibility is to express an opinion on these consolidated financial statements based
on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States).
Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free
of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as
evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the consolidated financial statements referred to above present fairly, in all material respects, the financial position
of America West Airlines, Inc. and subsidiary as of December 31, 2006 and 2005, and the results of their operations and their cash flows
for each of the years in the three-year period ended December 31, 2006, in conformity with U.S. generally accepted accounting
principles.
As discussed in Note 4 to the consolidated financial statements, the Company adopted the provisions of Statement of Financial
Accounting Standards ("SFAS") No. 123(R), Share Based Payment, effective January 1, 2006. Also, as discussed in Note 2 to the
consolidated financial statements, the Company changed its method of accounting for major scheduled airframe, engine and certain
component overhaul costs from the deferral method to the direct expense method in 2005.
/s/ KPMG LLP
Phoenix, Arizona
February 27, 2007
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