<PAGE>   1
   
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549
                                  FORM 10-Q/A
    


(Mark One)

  X        Quarterly report pursuant to Section 13 or 15(d) of the Securities
-----      Exchange Act of 1934

For the quarterly period ended  September 30, 1997  or

           Transition report pursuant to Section 13 or 15(d) of the
-----      Securities Exchange Act of 1934

For the transition period from                  to


Commission file number                       1-12649


                       AMERICA WEST HOLDINGS CORPORATION
             (Exact name of registrant as specified in its charter)

          DELAWARE                                       86-0847214
(State or other jurisdiction of             (I.R.S. Employer Identification No.)
 incorporation or organization)

51 WEST THIRD STREET                 TEMPE, ARIZONA                      85281
 (Address of principal executive offices)                             (Zip Code)

Registrant's telephone number, including area code    (602) 693-0800

                                       N/A
(Former name, former address and former fiscal year, if changed since
last report)

   
    

   
                                Amendment No. 1

The undersigned registrant hereby amends the following item of its Quarterly
Report on Form 10-Q for the quarter ended September 30, 1997 as set forth in
the pages attached hereto:

Item 6. EXHIBITS AND REPORTS ON FORM 8-K
    
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Item 6. EXHIBITS AND REPORTS ON FORM 8-K

       a.       Exhibits

                EXHIBIT
                NUMBER              DESCRIPTION AND METHOD OF FILING
                ------              --------------------------------
                *10.25              Airbus A320/A319 Purchase Agreement dated
                                    September 12, 1997 between AVSA S.A.R.L
                                    and America West Airlines, Inc. including 
                                    Letter Agreements Nos. 1-10
   
                 11.1               Computation of Earnings Per Share
    
   
                 27                 Financial Data Schedule
    

                ---------
                *Filed herewith

       b.       Reports on Form 8-K
                Current Report on Form 8-K dated September 15, 1997
                Current Report on Form 8-K dated October 31, 1997



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                                    SIGNATURE


Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.


                                      AMERICA WEST HOLDINGS CORPORATION



                                      By   /s/ W. Douglas Parker
                                           ----------------------------
                                           W. Douglas Parker
                                           Senior Vice President and
                                           Chief Financial Officer

   
DATED:   December 3, 1997
    


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                                 EXHIBIT INDEX
   

<TABLE>
<CAPTION>
Exhibit Number

<S>                 <C>
*10.25              Airbus A320/A319 Purchase Agreement dated September 12,
                    1997 between AVSA S.A.R.L. and America West Airlines,
                    Inc. including Letter Agreements Nos. 1-10.

11.1                Computation of Earnings Per Share

27                  Financial Data Schedule
</TABLE>

*filed herewith