| Business Summary | | Kitty
Hawk,
Inc.
is
a
non-integrated
freight
carriers
and
the
leading
U.S.
provider
of
air
logistics.
The
Company
can
provide
carrier
services,
scheduled
freight
services,
and
air
logistics
services.
The
Company
operates
through
three
divisions:
Kitty
Hawk
Aircargo,
Kitty
Hawk
Cargo,
and
Kitty
Hawk
Charters.
Kitty
Hawk
Aircargo
operates
a
fleet
of
narrowbody
cargo
aircraft,
including
33
Boeing
727s
and
five
Douglas
DC-9s.
With
these
aircraft,
Kitty
Hawk
provides
primary
and
secondary
lift
capacity
for
a
number
of
entities
through
ACMI
wet
leases.
Kitty
Hawk
Cargo
the
Air
Freight
Forwarders
Airline
is
a
prime
time,
overnight,
coast-to-coast
cargo
carrier
exclusively
devoted
to
the
needs
of
airfreight
forwarders.
Kitty
Hawk
Charters
provides
"call
now/haul
now"
handling
of
emergency
phone
calls
from
customers
who
need
immediate
delivery
of
freight. | More
from
Market Guide: Expanded
Business Description |
| Financial Summary | | Kitty
Hawk
is
a
U.S.
and
international
provider
of
air
freight
carrier
services;
and
a
U.S.
provider
of:
scheduled
freight
services;
air
logistics
services
and
a
provider
of
engine
overhaul
services
on
JT3
engines.
For
the
nine
months
ended
9/30/99,
revenues
rose
4%
to
$489.8
million.
Net
income
rose
92%
to
$9.9
million.
Revenue
reflects
an
increased
number
of
trips
managed.
Earnings
benefited
from
an
$8.3
million
gain
on
the
sale
of
a
maintainance
facility. Recent Earnings Announcement For
the
3months
ended
12/31/1999,
revenues
were
241,507;
after
tax
earnings
were
13,533. (Preliminary; reported in thousands of dollars.) | More
from
Market Guide: Significant
Developments |
| Officers | |
| Position | Tilmon Reeves | Chairman,
CEO | Mary Phillips | VP,
CIO | James Craig, 60 | VP,
Gen. Counsel |
| More
from
Market Guide on Officers & Directors: Expanded
List, Bios,
Compensation,
Options
|
|