Award presentation today:
Wednesday June 9, 7:00 am Eastern Time
Company Press Release
SOURCE: Kitty Hawk, Inc.
Kitty Hawk Named U.S. Postal Service Quality Supplier DALLAS, June 9 /PRNewswire/ -- Kitty Hawk, Inc. (Nasdaq: KTTY - news), the world's largest non-integrated (air transport only) air freight carrier and the leading U.S. provider of air freight charter logistics services, today announced that the U.S. Postal Service (USPS) has named Kitty Hawk a 1999 Quality Supplier Award Winner. Kitty Hawk was selected from among 2,000 USPS suppliers and 86 qualified applicants to receive this prestigious award, which will formally be presented to the company on June 15, 1999, at a ceremony at Postal Service Headquarters in Washington, D.C.
Kitty Hawk passed a rigorous review process to qualify for the USPS Quality Award, including an in-depth application, an on-site assessment, and USPS interviews of its own personnel and internal departments, along with conversations with a variety of government agencies. Kitty Hawk won the award in the category of Large Business - Operational Services. In total, only eight 1999 USPS Quality Supplier Awards were presented.
''We are all excited and honored to receive the USPS Quality Supplier Award,'' said Kitty Hawk Chairman and Chief Executive Officer M. Tom Christopher. ''The Postal Service is an important and valued customer, and we are pleased to know that the USPS thinks so highly of the service we provide to them. We will continue to give the USPS the quality service they've come to expect from Kitty Hawk.''
Kitty Hawk provides year-round ACMI-type mail charters for the USPS through a number of contracts requiring Kitty Hawk to fly trips six days a week to locations throughout the United States. For the past 13 years, Kitty Hawk has provided peak holiday season mail delivery for the USPS, most recently through the hub in Blytheville, Ark. Kitty Hawk manages the entire Christmas Network Blytheville hub operation, using its own aircraft and those of other cargo operators. In 1998, this contract generated more than $55 million in revenue for Kitty Hawk, requiring the company to move mail daily from almost three dozen cities across the United States into a central USPS hub in Arkansas, and then direct the sorted mail into aircraft for a return trip to the spoke cities.
Operating its own and leased aircraft, Kitty Hawk provides global air freight carrier service; scheduled overnight air cargo service to more than 40 U.S. cities through its hub in Terre Haute, Indiana; air charter logistics management; and third party aircraft maintenance services. The company trades on the Nasdaq stock market under the symbol ''KTTY''. For more information on the company visit Kitty Hawk's Web site at: www.kha.com.
This release may contain forward-looking statements relating to future financial results or business expectations. Business plans may change as circumstances warrant. Actual results may differ materially as a result of factors over which the company has no control. Such factors include, but are not limited to: world-wide business and economic conditions; acquisitions, recruiting and new business solicitation efforts; product demand and the rate of growth in the air cargo industry; the impact of competitors and competitive aircraft and aircraft financing availability; the ability to attract and retain new and existing customers; normalized aircraft operating costs and reliability and regulatory actions. These risk factors and additional information are included in the company's reports on file with the Securities and Exchange Commission.
SOURCE: Kitty Hawk, Inc. |
