Kitty Hawk (AMEX:KHK)
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From Jul 2019 to Jul 2024
Kitty Hawk Cargo, Inc., a wholly owned subsidiary of
Kitty Hawk, Inc., (AMEX:KHK) announced today that it is adding seven
major business centers to its recently initiated scheduled
coast-to-coast, less-than-truckload (LTL) ground freight
transportation service. Beginning November 28, Kitty Hawk's ground
freight network will include Baltimore; Boston; Hartford;
Philadelphia; Washington D.C.; Richmond and Norfolk, Virginia, in
addition to the 28 cities launched on October 31.
With the expansion announced today, the company is executing on
its previously announced plans to expand its ground freight network to
46 cities during the first quarter of 2006.
"Our recently initiated ground freight service is performing to
the high standards of customer service, dependability and flexibility
for which our premier air freight transportation is well known," said
Robert W. Zoller, president and CEO. "The avid support of our
customers has facilitated the rapid expansion of ground service to
seven new metro areas. This means we can provide a more complete and
convenient set of multi-modal freight transportation options, open key
connections to global freight destinations, and therefore more
effectively and efficiently meet the needs of our freight forwarding
and logistics customers.
"Together with the recent induction of seven fuel-efficient Boeing
737-300SF aircraft to our air cargo fleet, we believe the ground
freight network will strengthen Kitty Hawk's potential over the long
term for profitable growth, despite the high fuel cost environment,"
he added.
About Kitty Hawk, Inc.
As a recognized leader in customer service, Kitty Hawk is the
premier provider of guaranteed, mission-critical, scheduled overnight
air and beginning October 31, 2005 of scheduled time-definite
coast-to-coast less-than-truckload (LTL) ground freight transportation
to major business centers and surrounding communities throughout North
America, including, Alaska, Hawaii, Toronto, Canada, and San Juan,
Puerto Rico. With more than 30 years experience in the aviation and
air freight industries, Kitty Hawk plays a key connecting role in the
global supply chain. Kitty Hawk serves the logistics needs of more
than 550 freight forwarders, integrated carriers, logistics companies
and major airlines with its extensive integrated air and ground
network, fleet of Boeing 737-300SF and 727 cargo aircraft, as well as
a 239,000 square-foot cargo warehouse, US Customs clearance and sort
facility at its Fort Wayne, Indiana hub. In 2005, Kitty Hawk became
the North American launch customer for the fuel-efficient and
environmentally-friendly Boeing 737-300SF aircraft. Kitty Hawk's air
and ground cargo networks and award-winning, guaranteed overnight
time-definite service are ideal for heavy-weight shipments (over 150
lbs), special goods with unique dimensions, perishables, animals and
other valuable shipments.
Statement under the Private Securities Litigation Reform Act:
This report may contain forward-looking statements that are
intended to be subject to the safe harbor protection provided by
Section 27A of the Securities Act of 1933 and Section 21E of the
Securities Exchange Act of 1934. These statements relate to future
events or future financial performance and involve known and unknown
risks and uncertainties that may cause actual results or performance
to be materially different from those indicated by any forward-looking
statements. In some cases, you can identify forward-looking statements
by terminology such as "forecast," "may," "will," "could," "should,"
"expect," "plan," "believe," "potential" or other similar words
indicating future events or contingencies. Some of the things that
could cause actual results to differ from expectations are: economic
conditions; the impact of high fuel prices; our inability to
successfully implement and operate our expanded ground network;
failure of key suppliers and vendors to perform; our inability to
attract sufficient customers at economical prices for our expanded
ground network; unforeseen increases in liquidity and working capital
requirements related to our expanded ground network; potential
competitive responses from other operators of coast-to-coast less than
truckload networks; the continued impact of terrorist attacks, global
instability and potential U.S. military involvement; the Company's
significant lease obligations and indebtedness; the competitive
environment and other trends in the Company's industry; changes in
laws and regulations; changes in the Company's operating costs
including fuel; changes in the Company's business plans; interest
rates and the availability of financing; liability and other claims
asserted against the Company; labor disputes; the Company's ability to
attract and retain qualified personnel; inflation; and costs. For a
discussion of these and other risk factors, see Item 7 of the
Company's Annual Report on Form 10-K for the year ended December 31,
2004. All of the forward-looking statements are qualified in their
entirety by reference to the risk factors discussed therein. These
risk factors may not be exhaustive. The Company operates in a
continually changing business environment, and new risk factors emerge
from time to time. Management cannot predict such new risk factors,
nor can it assess the impact, if any, of such new risk factors on the
Company's business or events described in any forward-looking
statements. The Company disclaims any obligation to publicly update or
revise any forward-looking statements after the date of this report to
conform them to actual results.