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USAIR GROUP EXPECTS NET LOSS FOR 1993 AND IN THE SECOND QUARTER

 ARLINGTON, Va., June 16 /PRNewswire/ -- In response to an incorrect statement in a June 21 Business Week article, USAir Group, Inc. (NYSE: U), said today that it expects to report a net loss for 1993. In addition, based on results of operations for the months of April and May and a projection of June results, the company, which had expected to be profitable in the second quarter, currently anticipates that it will sustain a net loss for the quarter.
 USAir Group Chairman, President and CEO Seth E. Schofield said: "Although the company expects that results for 1993 and the second quarter will be considerably better than 1992 results, revenue increases at USAir in the month of May have not been as strong as expected due to sluggish economic conditions. Management has taken a number of steps recently to stimulate traffic and generate increased revenues, including reducing leisure fares in certain short haul markets, and will be reviewing further measures to enhance revenues and reduce costs."
 The company's expectations of its results are subject to change based on various economic, market and political factors.
 -0- 6/16/93
 /CONTACT: USAir Corporate Communications, 703-418-5100/
 (U)


CO: USAir Group, Inc. ST: Virginia IN: AIR SU: ERN

MH-DS -- DC003 -- 2473 06/16/93 08:42 EDT
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Publication:PR Newswire
Date:Jun 16, 1993
Words:212
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