KHK Kitty Hawk

Kitty Hawk, Inc. (AMEX:KHK), the parent company of Kitty Hawk Cargo, Kitty Hawk Ground and Kitty Hawk Aircargo, announced today a number of changes in management, including the promotions of Steven Markhoff and Randy Smith. Mr. Markhoff has been appointed Senior Vice President and Chief Operating Officer of Kitty Hawk Cargo, Inc. and Mr. Smith has been appointed Vice President, Chief Human Resource Officer of Kitty Hawk, Inc. "With the recent creation of Kitty Hawk Ground, the previously announced acquisition of ACT's assets and customer list expected to close this quarter, and our plans to enhance our information technology infrastructure, we have executed a series of organizational and staff changes to properly allocate critical executive and senior leadership talent toward enhanced customer service, more direct customer contact and improved performance," said Robert W. Zoller, President and CEO. Mr. Markhoff, 39, will lead the sales, customer service, scheduling and network operations as well as the planned IT enhancements within Kitty Hawk Cargo. Mr. Markhoff joined Kitty Hawk in July 2003 and has served as its Vice President for Strategic Planning, General Counsel and Corporate Secretary. During his tenure with the Company, Mr. Markhoff was responsible for strategic planning, all legal matters, team resources, the acquisition and integration of the Boeing 737-300SF aircraft and was part of the senior leadership team implementing the Company's scheduled airport-to-airport expedited ground network. Most recently, Mr. Markhoff coordinated activities related to the company's acquisition of the assets of Air Container Transport, Inc. which is expected to close this quarter. Mr. Markhoff will continue to report to Mr. Zoller. Mr. Smith, 55, joined Kitty Hawk in January 2006 as Managing Director, Team Resources, reporting to Mr. Markhoff. Prior to Kitty Hawk, Smith served for eight years in several executive roles at CompUSA, most recently as vice president of human resources. Prior to CompUSA, Mr. Smith held various human resources and labor relations positions with companies in Texas, Illinois and Wisconsin. With expanded responsibilities for human resources across Kitty Hawk, Inc. and its three subsidiaries, Mr. Smith will report to Mr. Zoller. To enhance Kitty Hawk Cargo's contact and communication with its expanding base of customers, Toby Skaar will serve in the new position of Vice President, Sales. In this role, Mr. Skaar will coordinate marketing, sales and promotional activities for Kitty Hawk Cargo and will report to Mr. Markhoff. He was previously vice president and chief operating officer of Kitty Hawk Cargo. "Kitty Hawk is very fortunate to have talented and experienced executives who can grow and take on new responsibilities as we continue to expand our business," added Mr. Zoller. "Steve, Randy and Toby have been key to our success so far, and we look forward to their ongoing contribution." 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. 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 and operating 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," "intends," "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; our inability to close on the acquisition of ACT's assets and successfully integrate their operations; 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.