KITTY HAWK WINS LONG-TERM USPS CONTRACT
The U.S. Postal Service has awarded Kitty Hawk, the Dallas-based air
freight carrier and logistics company, a six-year contract to fly mail and manage the
USPS’s Western U.S. hub operation.
Kitty Hawk expects the contract to add more than $44 million in annual
revenue during the life of the contract. The carrier will operate eight B727s and one
subcontracted aircraft six days a week, day and night, beginning in late August for the
USPS.
Kitty Hawk reported net income of $3.8 million on $168.0 million in
revenue in the second quarter, compared to $4.4 million in net income on $155.8 million in
revenue last year.
