Kitty Hawk reported net income of $5.4 million for the fourth quarter ended Dec. 31, which included a net one-time gain of $3.6 million. This compares to net income of $2.2 million in the prior-year period. Scheduled freight revenue rose 19.5% to $43 million. For full-year 2004, the company posted net income of $6.5 million, which in addition to the fourth-quarter special items included a further $1.8 million in net special charges. This compares to net income of $2.6 million in 2003, ...

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