Kitty Hawk Reschedules First Quarter Results Release and Conference Call

Due to a conflict in management's schedule, Kitty Hawk,
Inc. (AMEX:KHK) will reschedule the release of its first quarter 2006
financial results from Tuesday, May 9 after market to Thursday, May 11
after market. The first quarter 2006 financial results conference call
will be held Friday, May 12 at 8:30 a.m. Eastern Time. The new dial in
information for the call is 800-257-3401 for domestic participants and
303-262-2125 for international participants.
   A taped replay of the conference call will also be available
beginning approximately one hour after the call's conclusion and will
remain available for 7 days. It can be accessed by dialing
800-405-2236 for domestic callers or 303-590-3000 for international
callers, both using the passcode 11060190#. To access the live webcast
of the call, go to Kitty Hawk's website at www.kittyhawkcompanies.com
and click on the Investors icon. An archived webcast will also be
available at www.kittyhawkcompanies.com.

   About Kitty Hawk, Inc.

   www.kittyhawkcompanies.com

   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 727-200 cargo aircraft, as well as a
239,000-square-foot cargo warehouse, U.S. 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.