US Airways 2009 Annual Report Download - page 74

Table of Contents
Item 8A. Consolidated Financial Statements and Supplementary Data of US Airways Group, Inc.
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 (the Company) as of
December 31, 2009 and 2008, and the related consolidated statements of operations, stockholders' equity (deficit), and cash flows for
each of the years in the three-year period ended December 31, 2009. 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 consolidated financial
position of US Airways Group, Inc. and subsidiaries as of December 31, 2009 and 2008, and the results of their operations and their cash
flows for each of the years in the three-year period ended December 31, 2009, in conformity with U.S. generally accepted accounting
principles.
As discussed in Note 7 to the consolidated financial statements, the Company adopted the provisions of SFAS No. 157, Fair Value
Measurements (included in FASB ASC Topic 320, Investments-Debt and Equity Securities), as of January 1, 2008.
As discussed in Note 8 to the consolidated financial statements, the Company adopted the measurement date provisions of
SFAS No. 158, Employers' Accounting for Defined Benefit Pension and Other Postretirement Plans (included in FASB ASC Topic 960,
Plan Accounting – Defined Benefit Pension Plans), as of January 1, 2008.
We also have audited, in accordance with the standards of the Public Company Accounting Oversight Board (United States), the
Company's internal control over financial reporting as of December 31, 2009, based on criteria established in Internal Control-Integrated
Framework issued by the Committee of Sponsoring Organizations of the Treadway Commission, and our report dated February 16, 2010
expressed an unqualified opinion on the effectiveness of the Company's internal control over financial reporting.
/s/ KPMG LLP
Phoenix, Arizona
February 16, 2010
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