STOCKS

US Airways Group (LCC.N), NYSE's 8th largest airlines company by market capitalisation, increased 12.0c (or 2.1%) to close at US$5.86. The price is at a premium of 8.2% to the 1-month volume weighted average price of US$5.414. In the past year the premium has been greater than 8.2% just seven times, suggesting a topish level and cautious buying at the current price. The stock rose for a third day on Thursday bringing its three-day rise to US$1.01 or 20.8%. Compared with the NYSE U.S. 100 index, which rose 94.6 points (or 1.8%) on the day, this was a relative price change of 0.3%.

PRICE DYNAMICS

Volatility: the stock traded between an intraday low of US$5.66 and twenty-day high of US$5.96, suggesting a trading opportunity between peaks and troughs. The average daily volatility of 4.4% places the stock in the 1st quartile in the market meaning it is highly volatile.

% Premium to low: the last price is at a premium of 25.2% to the 12-month low of US$4.68 three-days ago on 12 Sep, 2011.

Falls to Rises: In the last three months the number of falls outnumbered rises 39:24 or 1.62:1.

Beta: The Beta of this stock is 0.76. A Beta lower than 1 suggests this is a low risk, low return stock with volatility less than that of the market.

Standard Deviation (SD): SD is a statistical measure of deviation from the mean. The SD of 3.3% gives it a percentile rank of 79 meaning that 79% of stocks in the NYSE market are less volatile than this stock.

Trailing month: in the last 21 trading sessions there has been a net rise of 2.99%; the stock has advanced 2 times and the biggest one day rise was 16.3% on Sep 13.

AGGREGATE VOLUMES, PRICES AND TURNOVER PERIOD

[Volume Index or VI in brackets; 1 is average]

New York: LCC.N 7,429,870 [VI of 1.1]; volume 93.67% of aggregate. Price: US$5.86.

USNYSE: LCC.BATS 502,501 [VI of 0.6]; volume 6.33% of aggregate. Price: US$5.84.

Aggregate volume: there were 7,932,371 shares worth US$46.5 million traded. The aggregate volume was 0.6 times average trading of 13,775,271 shares.

Turnover period: the turnover rate in the 12 months to date was 10.7% (or a turnover period of 9 years 4 months).

OPEN INTEREST TREND AND INTERPRETATION - close September 14, 2011

Open interest hit a 17-day high.

Same day trend: open interest rose for a second day; the stock rose for a third day. Open interest rose 1.5% from 88,505 to 89,798. Combined with the price rising 2.1% this suggests the market is strong.

Trailing one week trend: Open interest soared 25.7% from 71,453 a week ago while the stock soared 16.7% from US$5.21 a week ago. Combined with the rising price this also suggests the market is strong.

Trailing one month trend: open interest dipped 0.3% from 90,046 a month ago while the stock decreased 1.8% from US$5.48 a month ago. Combined with the falling price this suggests the market is strengthening.

Open interest as % of issued capital: 8,979,800 shares, representing 5.6% of the issued capital.

[ranked 112 out of 602 stocks in descending order]

2011 Open interest: 52,032 contracts, representing 57.9% of total.

2012 to 2013 Open interest: 37,766 contracts, representing 42.1% of total.

Put:call ratio: open interest contracts on exchange traded options included 47,317 put contracts and 42,481 call contracts.

The put:call ratio was 1.1, down 2.2% for the day, down 17.9% in the past week and down 17.1% in the past month.

Top three traded call options [1 contract is 100 shares]

Exercise US$6.0; Expires Oct 22: 42.0c up 5.0%; volume 1100; open interest up 68.02% to 2616

Exercise US$7.0; Expires Oct 22: 17.0c up 13.3%; volume 745; open interest up 16.01% to 1413

Exercise US$7.0; Expires Dec 17: 42.0c down 2.3%; volume 372; open interest up 12.26% to 1621

Top three traded put options [1 contract is 100 shares]

Exercise US$6.0; Expires Jan 21: US$1.08 down 20.6%; volume 879; open interest down 0.43% to 5508

Exercise US$4.0; Expires Jan 21: 34.0c down 15.0%; volume 132; open interest up 1.43% to 2545

Exercise US$8.0; Expires Oct 22: US$2.43 down 0.8%; volume 100; open interest up 19.48% to 184

Access comprehensive Stock Research on http://www.buysellsignals.com/19611498

PRICE PERFORMANCE RANK IN INDEX AND SECTORS

The stock is in 1 index and 2 sectors.

The following index and sectors rose setting the trend for its rise of 2.1%:

NYSE U.S. 100 index which was up 94.6 points or 1.8% to 5,293.2,

The Total NYSE Market of 1886 stocks and 43 units traded today, which was up 102.1 points or 1.6% to 6,285.2,

Airlines sector of 10 stocks traded today, which was up 54.5 points or 1.1% to 5,116.

RELATIVE VALUATION INDICATORS [RVI] FUNDAMENTAL ANALYSIS

The stock meets the following value criteria set by Benjamin Graham:

-"A P/E ratio down to less than four-tenth of the highest average P/E ratio the stock attained in the most recent five years"; the P/E of 1.9 is 0.1 times the highest average P/E of 19.0 reached on Apr 24, 2007.

The stock has a score of 5 out of 9 set by Joseph Piotroski [pass mark >=5 ]:

Positive net income; Positive operating cashflow; Good quality of earnings [operating cashflow exceeds net income]; Improvement in current ratio from 0.84% to 1.02%; Improvement in asset turnover [growth in revenue of 13.86% exceeded growth in assets of 4.9%].

Other Bullish Signals:

- Price/Earnings of 1.9 versus sector average of 15.7 and market average of 15.4.

- Return on Assets of 6.4% versus sector average of 2.0% and market average of 2.3%.

Bearish Signals:

- Total Liabilities/ EBITDA of 7.2 is more than or equal to 5, this compares unfavourably with the Joseph Piotroski benchmark of 5.

- The average annual compound return on the share price in the last 5 years was -33.8%, underperforming the average annual compound return on the NYSE U.S. 100 index of -3.1%

RELATIVE VALUATION INDICATORS [RVI] TECHNICAL ANALYSIS

Bullish Signals:- The price soared 16.7% in the last week.

- This has been propped up by firm volume of 1.7 times average for the week.

- Compared with the NYSE U.S. 100 index which rose 1.4% for the week, this represented a relative price increase of 15.3% for the week.

Bearish Signals:

- The price decreased 1.8% in the last month.

- This was on volume of 1.1 times average for month.

- Compared with the NYSE U.S. 100 index which fell 0.7% for the month, this represented a relative price decrease of 1.2% for the month.

- In the NYSE market of 1,886 stocks and 43 units traded today, the stock has a 6-month relative strength of 14 indicating it is trailing 86.0% of the market.

- The price to 50-day EMAP ratio is 0.96. In the past 200 days this ratio has been under 0.96 50 times suggesting downside. The 50-day EMAP has decreased to US$6.081. A decrease is another bearish indicator.

- The Moving Average Convergence Divergence (MACD) indicator of 12-day Exponential Moving Average (EMA) minus the 26-day EMA is negative suggesting a bearish signal.

- In the last three months the stock has hit a new 52-week low fifteen times, pointing to a significant downtrend.

- The price to 200-day MAP ratio is 0.69, a bearish indicator. In the past 200 days this ratio has been under 0.69 37 times suggesting further downside. The stock is trading below both its MAPs and the 50-day MAP of US$6.018 is lower than the 200-day MAP of US$8.551, a bearish indicator. The 200-day MAP has decreased to US$8.551. A decrease is another bearish indicator.

- The price has risen above the upper Bollinger band of US$5.839; the stock is also overbought according to the Williams % R indicator of -7.8.

SHAREHOLDER RETURNS

Trailing one week: the stock rose three times (60% of the time) and fell twice (40% of the time). The aggregate volume was 1.7 times average trading of 34,668,840 shares. The value of US$1,000 invested a week ago is US$1,125 [vs US$1,015 for the NYSE U.S. 100 index], for a capital gain of US$125(or rise of 12.5%).

Trailing one month: the stock fell thirteen times (59% of the time) and rose nine times (41% of the time). The aggregate volume was 1.1 times average trading of 152,542,896 shares. The value of US$1,000 invested a month ago is US$982 [vs US$994 for the NYSE U.S. 100 index], for a capital loss of US$18(or loss of 1.8%).

Trailing one year: the value of US$1,000 invested one year ago is US$658 [vs US$1,072 for the NYSE U.S. 100 index], for a capital loss of US$342. The total return to shareholders for 1 year is -34.2%.

Trailing five years: the value of US$1,000 invested five years ago is US$127, for a capital loss of US$873.

The present value of US$1000 invested at a previous date is shown below:

FINANCIALS

Quarterly Report; year-on-year comparisons with previous corresponding period:

In the quarter to June 30, 2011 total revenue was up 10.5% to US$3.5 billion; net profit slumped 67.5% to US$91 million; EPS of 57.0c.

Annual Report for the year ended December 31, 2010 (year-on-year comparisons with previous corresponding period)-

Total liabilities to Total assets of 1.0.

Favourable Changes: total liabilities to EBITDA down 72.2% to 7.2. While this compares unfavourably with the Joseph Piotroski benchmark of <5, the trend is favourable; although the Total Liabilities to Operating Cash Flow ratio of 9.6 also compares unfavourably with the Joseph Piotroski benchmark of <4, it had improved by 92.7% from the previous year.; current ratio up 21.4% to 1.0; Sales to total assets up 8.6% to 1.5.

Major Common Size Ratios: fixed assets to total assets down from 49.6% to 48.5%; total current assets to total assets up from 31.3% to 37.2%; cash to total assets up from 17.4% to 23.8%; other non-current assets to total assets down from 19.1% to 14.2%; intangibles to total assets down from 6.7% to 6.1%; EBITDA to Sales up from 2.9% to 9.1%; EBITD to Sales up from 2.9% to 9.1%; EBIT to Sales up from 0.6% to 7.0%.

MARKET SHARE

US Airways Group vs Airlines sector [Airlines sector Total in Brackets]

Net Profit of US$502 million [15.3% of aggregate sector net profit of US$3.3 billion; up from 10.8% in the previous year.]

EBIT of US$831 million [10.5% of aggregate sector EBIT of US$7.9 billion; up from 4.9% in the previous year.]

FUNDAMENTALS

ISSUED CAPITAL

Based on 161,533,000 issued equity shares the market capitalisation is US$946.6 million. It is NYSE's 6th largest Airlines company by total revenue.

ACTIVITIES

US Airways Group, Inc. (US Airways Group) is a holding company whose primary business activity is the operation of a network air carrier through its wholly owned subsidiaries, US Airways, Inc. (US Airways), Piedmont Airlines, Inc. (Piedmont), PSA Airlines, Inc. (PSA), Material Services Company, Inc. (MSC) and Airways Assurance Limited, LLC (AAL). Passenger revenues account for substantiall portion of the Company's operating revenues.

TOP MANAGEMENT

The chief financial officer is Derek J. Kerr and the chairman and chief executive officer is W. Douglas Parker.

BUSINESS NEWS ROUND UP

The last 4 company announcements are:

August 26: US Airways Reduces East Coast Schedule in Anticipation of Hurricane Irene

[News Story] US Airways (NYSE: LCC) today announced that it is proactively canceling flights along the East Coast as a result of Hurricane Irene's projected path. Flight schedules at Washington Reagan, Philadelphia International Airport, New York's LaGuardia, John F. Kennedy and Newark airports and Boston Logan, as well as other cities in the Northeast and mid-Atlantic, will be reduced as the airline works to ensure the safety of its customers, employees and equipment.Customers are strongly encouraged to check flight status at usairways.com or by texting their flight number to TEXTUS before arriving at the airport.

July 18: Equity Research on US Airways Group Inc. and Delta Air Lines Inc. -- Major Airlines Dealing With Negative Flyer Sentiment

[News Story] NEW YORK, NY -- (MARKET WIRE) -- 07/18/11 -- www.shinesrooms.com has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Major Airlines industry and are offering free analytical research on US Airways Group Inc.(NYSE: LCC) and Delta Air Lines Inc.(NYSE: DAL).

June 21: US Airways Announces $388 Million Aircraft Financing

[News Story] TEMPE, Ariz.--(BUSINESS WIRE)-- US Airways, Inc. ("US Airways" or the "Company"), a wholly-owned subsidiary of US Airways Group, Inc. (NYSE: LCC) ("US Airways Group"), announced today its intention to make an offering, subject to market and other conditions, of Class A and Class B enhanced equipment trust certificates (the "Certificates") in the aggregate principal amount of approximately $388 million.

April 05: US Airways Reports March Traffic Results

[News Story] http://www.nasdaq.com/aspx/company-news-story.aspxstoryid=201104050900bizwire_usprx____bw5660&title=us-airways-reports-march-traffic-results Source: NASDAQ Stock Exchange

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