US Airways 2006 Annual Report Download - page 34

Table of Contents
US Airways Group, organized under the laws of the State of Delaware, is subject to Sections 160 and 170 of the Delaware General
Corporation Law, which govern the payment of dividends on or the repurchase or redemption of its capital stock. US Airways Group is
restricted from engaging in any of these activities unless it maintains a capital surplus.
US Airways Group has not declared or paid cash or other dividends on its common stock since 1990 and currently does not intend
to do so. Under the provisions of certain debt agreements, including our secured loans, our ability to pay dividends on or repurchase our
common stock is restricted. Any future determination to pay cash dividends will be at the discretion of our board of directors, subject to
applicable limitations under Delaware law, and will depend upon our results of operations, financial condition, contractual restrictions
and other factors deemed relevant by our board of directors. See "Liquidity and Capital Resources" in Item 7, "Management's Discussion
and Analysis of Financial Condition and Results of Operation," below for more information, including information related to dividend
restrictions associated with our secured loans.
Foreign Ownership Restrictions
Under current federal law, non-U.S. citizens cannot own or control more than 25% of the outstanding voting securities of a
domestic air carrier. We believe that we were in compliance with this statute during the time period covered by this report.
Item 6. Selected Financial Data
Selected Consolidated Financial Data of US Airways Group
The selected consolidated financial data presented below under the captions "Consolidated Statements of Operations Data" and
"Consolidated Balance Sheet Data" as of and for the years ended December 31, 2006, 2005, 2004, 2003 and 2002 are derived from the
audited consolidated financial statements of US Airways Group. The full year 2006 is comprised of the consolidated financial data of
US Airways Group. The 2005 consolidated financial data presented includes the consolidated results of America West Holdings for the
269 days through September 27, 2005, the effective date of the merger, and the consolidated results of US Airways Group and its
subsidiaries, including US Airways, America West Holdings and AWA, for the 96 days from September 27, 2005 to December 31, 2005.
For periods prior to 2005, the consolidated financial data for US Airways Group reflect only the consolidated results of America West
Holdings. The selected consolidated financial data should be read in conjunction with the consolidated financial statements for the
respective periods, the related notes and the related reports of US Airways Group's independent registered public accounting firms.
Year Ended December 31,
2006 2005 2004 2003 2002
(In millions except share data)
Consolidated statements of operations data:
Operating revenues $ 11,557 $ 5,069 $ 2,757 $ 2,572 $ 2,337
Operating expenses(a) 10,999 5,286 2,777 2,539 2,497
Operating income (loss)(a) 558 (217) (20) 33 (160)
Income (loss) before cumulative effect of change in accounting principle(b) 303 (335) (89) 57 (180)
Cumulative effect of accounting change(c) 1 (202) — — (208)
Net income (loss) 304 (537) (89) 57 (388)
Earnings (loss) per share before cumulative effect of change in accounting principle:
Basic 3.50 (10.65) (5.99) 4.03 (12.92)
Diluted 3.32 (10.65) (5.99) 3.07 (12.92)
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