BERKSHIRE HATHAWAY INC.
NEWS RELEASE
FOR IMMEDIATE RELEASE | February 3, 1998 |
In a press release today, US Airways announced its plan to redeem the last of its outstanding
preferred shares. Warren Buffett, Chairman and CEO of Berkshire Hathaway Inc. which through
its subsidiaries currently owns $358 million of US Airways Series H Cumulative Convertible
Preferred Stock issued the following statement, commenting on the measures:
"My hat is off to Steve Wolf and his management team. Few airlines -- indeed, few companies --
are better managed than US Airways is today, with an eye both to the long-term competitive
strength of the enterprise and the well-being of the shareholder. After a dismaying period, we are
very pleased with our investment in US Airways."
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