Lower Demand Deepens First Quarter Loss For Kitty Hawk
Soft demand helped to widen a first-quarter net loss at cargo carrier Kitty Hawk to $2.1 million, compared with a $1.8 million deficit last year. Scheduled freight revenue was down 1.1% to $32.8 million. Although yields were up 5.9% from last year, chargeable weight carried dropped 6.6%. Kitty Hawk...
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