US Airways Group, Inc. announces closing of common stock offering

US Airways Group, Inc. (NYSE: LCC) ("US Airways") announced today that it has closed its previously announced common stock offering. US Airways also announced that Citi, the underwriter of the offering, had exercised its over-allotment option to purchase an additional 2,700,000 shares. As a result, US Airways:

• received approximately $137.3 million of aggregate combined net proceeds, after deducting fees and estimated offering expenses; and
• issued a total of 29,015,790 shares of its common stock (including the additional shares issued pursuant to the option exercise).

US Airways intends to use the proceeds from the offering for general corporate purposes.

The common stock referred to above was offered under US Airways' existing effective shelf registration statement. A prospectus supplement and accompanying prospectus describing the terms of the offering has been filed with the Securities and Exchange Commission. Copies of the prospectus supplement and the accompanying prospectus may be obtained from Citi, Brooklyn Army Terminal, 140 58^th Street, 8^th Floor, Brooklyn, New York 11220 or by phone at 800-831-9146.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction.