US Airways 2006 Annual Report Download - page 81

Table of Contents
Report of Independent Registered Public Accounting Firm
The Board of Directors and Stockholders
US Airways Group, Inc.:
We have audited the accompanying consolidated balance sheets of US Airways Group, Inc. and subsidiaries as of December 31,
2006 and 2005, and the related consolidated statements of operations, stockholders' equity 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 US Airways Group, Inc. and subsidiaries 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 8 to the consolidated financial statements, the Company adopted the provisions of Statement of Financial
Accounting Standards No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans, an amendment of
FASB Statements No. 87, 88, 106 and 132(R), effective December 31, 2006, and as discussed in Note 17 to the consolidated financial
statements, the Company adopted the provisions of Statement of Financial Accounting Standards No. 123(R), Share Based Payment,
effective January 1, 2006. Also, as discussed in Note 3 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.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
effectiveness of US Airways Group, Inc.'s internal control over financial reporting as of December 31, 2006, based on criteria established
in Internal Control-Integrated Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO),
and our report dated February 27, 2007 expressed an unqualified opinion on management's assessment of, and the effective operation of,
internal control over financial reporting.
/s/ KPMG LLP
Phoenix, Arizona
February 27, 2007
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