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USAIR GROUP REPORTS FIRST QUARTER OPERATING PROFIT OF $2 MILLION

 ARLINGTON, Va., April 20 /PRNewswire/ -- USAir Group (NYSE: U) today reported an operating profit of $2.0 million on revenue of $1.7 billion for the first quarter of 1993, which compares with an operating loss of $48.6 million on revenue of $1.7 billion for the same period of 1992.
 USAir Group had a net loss of $61.0 million for the first quarter of 1993, vs. a 1992 first quarter loss of $110.2 million before the $628.1 million one-time cumulative effect of a retroactive change in method of accounting for post-retirement benefits (FAS 106).
 The results of operations include the negative impact of the March blizzard in the eastern United States which resulted in the cancellation of several thousand USAir and USAir Express flights.
 Loss per common share for the first quarter of 1993 was $1.65 on 47.3 million shares outstanding. This compares with a loss of $2.63 on 46.8 million shares for the first quarter of 1992 before the effect of FAS 106.
 Results for the first quarter of 1992 are restated to include the retroactive effects of FAS 106 because USAir Group adopted it retroactive to the beginning of 1992.
 USAir, Inc.
 USAir, the principal operating subsidiary of USAir Group, reported an operating loss of $13.3 million for the first quarter of 1993 on revenue of $1.6 billion, which compares with an operating loss of $54.0 million on revenue of $1. million for the first quarter of last year, before the $638.8 million one-time cumulative effect of FAS 106.
 USAir Group, Inc.
 Consolidated Statements of Operations
 (Unaudited)
 (In thousands, except per share amounts)
 Three Months Ended March 31,
 1993 1992
 Operating Revenues
 Passenger
 Transportation $1,600,438 $1,528,446
 Cargo and Freight 42,048 41,965
 Other 73,855 80,854
 Total Operating
 Revenues 1,716,341 1,651,265
 Operating Expenses
 Personnel Costs 648,680 665,303
 Aviation Fuel 176,015 172,138
 Travel Agency Commissions 139,709 134,715
 Aircraft Maintenance 94,750 79,716
 Aircraft Rent 118,564 105,897
 Other Rent and
 Landing Fees 109,679 93,849
 Depreciation and
 Amortization 74,239 73,505
 Other, Net 352,683 374,738
 Total Operating Expenses 1,714,319 1,699,861
 Operating Income (Loss) 2,022 (48,596)
 Other Income (Expense)
 Interest Income 1,739 3,199
 Interest Expense (62,339) (62,185)
 Interest Capitalized 6,958 7,148
 Other, net (9,412) (9,727)
 Other Income
 (Expense), Net (63,054) (61,565)
 Loss Before Taxes and
 Cumulative Effect of
 Accounting Change (61,032) (110,161)
 Income Tax Provision
 (Credit) -- --
 Loss Before Cumulative Effect
 of Accounting Change (61,032) (110,161)
 Cumulative Effect of Change
 in Method of Accounting for
 Postretirement Benefits
 Other than Pensions (Net of
 Tax Benefit of $117,571)
 in 1992 -- (628,098)
 Net Loss (61,032) (738,259)
 Preferred Dividend
 Requirement (16,908) (12,942)
 Net Loss Applicable to
 Common Stockholders $(77,940) $(751,201)
 Loss Per Common Share
 Before Accounting Change $ (1.65) $ (2.63)
 Effect of Accounting Change -- (13.42)
 Loss Per Share $ (1.65) $ (16.05)
 Shares Used for
 Computation(000) 47,317 46,805
 USAir, Inc.
 (A Wholly Owned Subsidiary of USAir Group, Inc.)
 Consolidated Statements of Operations
 (Unaudited)
 (Dollars in thousands)
 Three Months Ended
 March 31,
 1993 1992 Pct.
 Change
 Operating Revenues
 Passenger Transportation $1,486,189 $1,435,262 3.5
 Cargo and Other Revenue 119,259 98,092 21.6
 Total Operating Revenues 1,605,448 1,533,354 4.7
 Operating Expenses
 Personnel Costs 625,908 640,305 (2.2)
 Aviation Fuel 167,905 165,300 1.6
 Travel Agency
 Commissions 130,661 127,429 2.5
 Aircraft Maintenance 79,153 63,884 23.9
 Aircraft Rent 109,534 98,781 10.9
 Other Rent and
 Landing Fees 106,380 90,189 18.0
 Depreciation and
 Amortization 68,192 67,636 0.8
 Other Expenses,
 net 331,009 333,861 (0.9)
 Total Operating
 Expenses 1,618,742 1,587,385 2.0
 Operating Loss (13,294) (54,031) (75.4)
 Other Income (Expense)
 Interest Income 7,160 11,278 (36.5)
 Interest Expense (57,181) (54,924) 4.1
 Interest Capitalized 6,953 6,861 1.3
 Other, net (8,274) (9,123) (9.3)
 Other Income
 (Expense), Net (51,342) (45,908) 11.8
 Loss Before Taxes and
 Cumulative Effect of
 Accounting Change (64,636) (99,939) (35.3)
 Income Tax Provision
 (Credit) -- -- NM
 Loss Before Cumulative Effect
 of Accounting Change (64,636) (99,939) (35.3)
 Cumulative Effect of
 Change in Method of Accounting
 for Postretirement Benefits
 Other than Pensions (Net of Tax
 Benefit of $119,711) in 1992 -- (638,822) NM
 Net Loss $ (64,636) $(738,761) (91.3)
 Airline Operating Statistics
 Revenue Passengers
 (Thousands) (A) 11,825 12,384 (4.5)
 Average Passenger
 Journey (Miles) (A) 670 622 7.7
 Revenue Passenger
 Miles (Millions) (A) 7,927 7,703 2.9
 Available Seat Miles

 (Millions) (A) 14,249 14,434 (1.3)
 Passenger Load Factor (A) 55.6 pct. 53.4 pct. 2.2 pt.
 Yield (A) 18.75 cents 18.63 cents 0.6
 Average Stage Length (Miles) (A) 535 501 6.8
 Cost Per Available Seat Mile 11.29 cents 10.92 cents 3.4
 Total Revenue Passenger
 Miles (Millions) 8,004 7,796 2.7
 Total Available Seat
 Miles (Millions) 14,337 14,540 (1.4)
 Revenue Aircraft Miles (Thousands) 112 115 (2.6)
 Breakeven Load Factor (Net) 58.0 pct. 57.0 pct. 1.0 pt.
 Cost of Fuel Per Gallon 59.80 cents 57.61 cents 3.8
 Gallons of Fuel
 Consumed (Millions) 281 287 (2.1)
 (A) Scheduled Service
 -0- 4/20/93
 /CONTACT: USAir Corporate Communications, 703-418-5100/
 (U)


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

MH-DC -- DC005 -- 7795 04/20/93 08:41 EDT
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Date:Apr 20, 1993
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