US Airways 2010 Annual Report Download - page 102

Table of Contents
impact of the resource allocation decision on an individual carrier basis. The objective in making resource allocation decisions is to
maximize consolidated financial results, not the individual results of US Airways, Piedmont and PSA.
Information concerning operating revenues in principal geographic areas is as follows (in millions):
Year Ended Year Ended Year Ended
December 31, December 31, December 31,
2010 2009 2008
United States $ 9,158 $ 8,285 $ 9,659
Foreign 2,750 2,173 2,459
Total $ 11,908 $ 10,458 $ 12,118
The Company attributes operating revenues by geographic region based upon the origin and destination of each flight segment. The
Company's tangible assets consist primarily of flight equipment, which are mobile across geographic markets and, therefore, have not
been allocated.
14. Stockholders' Equity
Holders of common stock are entitled to one vote per share on all matters submitted to a vote of common shareholders, except that
voting rights of non-U.S. citizens are limited to the extent that the shares of common stock held by such non-U.S. persons would
otherwise be entitled to more than 24.9% of the aggregate votes of all outstanding equity securities of US Airways Group. Holders of
common stock have no right to cumulate their votes. Holders of common stock participate equally as to any dividends or distributions on
the common stock.
In May 2009, the Company completed a public offering of 17.5 million shares of common stock at an offering price of $3.97 per share.
Net proceeds from the offering, after underwriting discounts and commissions, were $66 million.
In September 2009, the Company completed a public offering of 29 million shares of common stock at an offering price of $4.75 per
share. Net proceeds from the offering, after underwriting discounts and commissions, were $137 million.
In August 2008, the Company completed a public offering of 21.85 million shares of common stock at an offering price of $8.50 per
share. Net proceeds from the offering, after underwriting discounts and commissions, were $179 million.
15. Stock-based Compensation
In June 2008, the stockholders of the Company approved the 2008 Equity Incentive Plan (the "2008 Plan"). The 2008 Plan replaces
and supersedes the 2005 Equity Incentive Plan (the "2005 Plan"). No additional awards will be made under the 2005 Plan, although
outstanding awards previously made under the 2005 Plan will continue to be governed by the terms and conditions of the 2005 Plan. Any
shares subject to an award under the 2005 Plan outstanding as of the date on which the 2008 Plan was approved by the Board that expire,
are forfeited or otherwise terminate unexercised will increase the shares reserved for issuance under the 2008 Plan by (i) one share for
each share of stock issued pursuant to a stock option or stock appreciation right and (ii) three shares for each share of stock issued
pursuant to a restricted stock unit, which corresponds to the reduction originally made with respect to each award in the 2005 Plan.
The 2008 Plan authorizes the grant of awards for the issuance of up to a maximum of 6,700,000 shares of the Company's common
stock. Awards may be in the form of performance grants, bonus awards, performance shares, restricted stock awards, vested shares,
restricted stock units, vested units, incentive stock options, nonstatutory stock options and stock appreciation rights. The number of
shares of the Company's common stock available for issuance under the 2008 Plan is reduced by (i) one share for each share of stock
issued pursuant to a stock option or a stock appreciation right, and (ii) one and one-half (1.5) shares for each share of stock issued
pursuant to all other stock awards. Cash settled awards do not reduce the number of shares available for issuance under the 2008 Plan.
Stock awards that are terminated, forfeited or repurchased result in an increase in the share reserve of the 2008 Plan corresponding to the
reduction originally made in respect of the award. Any shares of the Company's stock tendered
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