US Airways 2008 Annual Report Download - page 170

Table of Contents
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
None.
Item 9A. Controls and Procedures
Section 404 of the Sarbanes-Oxley Act of 2002 requires management to include in this Annual Report on Form 10-K a report on
management's assessment of the effectiveness of US Airways Group's and US Airways' internal control over financial reporting, as well
as an attestation report from US Airways Group's and US Airways' independent registered public accounting firm on the effectiveness of
US Airways Group's and US Airways' internal control over financial reporting. Management's annual report on internal control over
financial reporting and the related attestation report from US Airways Group's and US Airways' independent registered public accounting
firm are located in Item 8A. "Consolidated Financial Statements and Supplementary Data of US Airways Group, Inc." and Item 8B.
"Consolidated Financial Statements and Supplementary Data of US Airways, Inc." and are incorporated herein by reference.
Disclosure Controls and Procedures
An evaluation was performed under the supervision and with the participation of US Airways Group's and US Airways'
management, including the Chief Executive Officer (the "CEO") and Chief Financial Officer (the "CFO"), of the effectiveness of the
design and operation of our disclosure controls and procedures (as defined in the rules promulgated under the Exchange Act) as of
December 31, 2008. Based on that evaluation, our management, including the CEO and CFO, concluded that our disclosure controls and
procedures were effective as of December 31, 2008.
Changes in Internal Control over Financial Reporting
There has been no change to US Airways Group's or US Airways' internal control over financial reporting that occurred during the
quarter ended December 31, 2008 that has materially affected, or is reasonably likely to materially affect, US Airways Group's or US
Airways' internal control over financial reporting.
Limitation on the Effectiveness of Controls
We believe that a controls system, no matter how well designed and operated, cannot provide absolute assurance that the objectives
of the controls system are met and no evaluation of controls can provide absolute assurance that all control issues and instances of fraud,
if any, within a company have been detected. Our disclosure controls and procedures are designed to provide reasonable assurance of
achieving their objectives, and the CEO and CFO believe that our disclosure controls and procedures were effective at the "reasonable
assurance" level as of December 31, 2008.
Item 9B. Other Information
On February 17, 2009, we entered into an amendment to our co-branded credit card agreement with Barclays Bank Delaware. The
amendment reduced the unrestricted cash balance condition to Barclays' on-going obligation under the agreement to pre-purchase
additional miles on a monthly basis to $1.4 billion for January 2009 and $1.45 billion for February 2009, with the balance in each case
including certain fuel hedge collateral. The reductions addressed the impact on our unrestricted cash of our obligations to post significant
amounts of collateral with our fuel hedging counterparties due to recent rapid declines in fuel prices.
PART III
The information required by Part III of this Form 10-K, pursuant to General Instruction G(3) of Form 10-K, will be set forth in US
Airways Group's definitive Proxy Statement to be filed pursuant to Regulation 14A relating to US Airways Group's Annual Meeting of
Stockholders on June 10, 2009 and is incorporated herein by reference. US Airways Group will, within 120 days of the end of its fiscal
year, file with the SEC a definitive proxy statement pursuant to Regulation 14A.
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