GILDER GAGNON HOWE & CO LLC
SC 13G/A, 2000-05-10
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                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                          ---------------------------


                    Under the Securities Exchange Act of 1934

                                  SCHEDULE 13G
                                (Final Amendment)

             INFORMATION STATEMENT PURSUANT TO RULES 13d-1 AND 13d-2
                    UNDER THE SECURITIES EXCHANGE ACT OF 1934




                                Kitty Hawk, Inc.
                       ----------------------------------
                                (Name of Issuer)



                                  Common Stock
                         ------------------------------
                         (Title of Class of Securities)



                                    498326107
                           ---------------------------
                                 (CUSIP Number)

                                 April 30, 2000
             -------------------------------------------------------
             (Date of Event Which Requires Filing of this Statement)


Check the  appropriate box to designate the rule pursuant to which this Schedule
is filed:

         |X|  Rule 13d-1(b)
         |_|  Rule 13d-1(c)
         |_|  Rule 13d-1(d)


                                Page 1 of 6 Pages

<PAGE>

                                  SCHEDULE 13G

CUSIP No. 498326107                                            Page 2 of 6 Pages
- --------------------------------------------------------------------------------

1)         NAME OF REPORTING PERSON
           S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON

           Gilder Gagnon Howe & Co. LLC
           13-3174112
- --------------------------------------------------------------------------------
2)         CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP        (a)  |_|
                                                                   (b)  |_|
- --------------------------------------------------------------------------------
3)         SEC USE ONLY

- --------------------------------------------------------------------------------
4)         CITIZENSHIP OR PLACE OF ORGANIZATION

           New York
- --------------------------------------------------------------------------------
           NUMBER                    5)      SOLE VOTING POWER
           OF                                None
           SHARES                 ----------------------------------------------
           BENEFICIALLY              6)      SHARED VOTING POWER
           OWNED BY                          None
           EACH                   ----------------------------------------------
           REPORTING                 7)      SOLE DISPOSITIVE POWER
           PERSON                            None
           WITH                   ----------------------------------------------
                                     8)      SHARED DISPOSITIVE POWER
                                             None
- --------------------------------------------------------------------------------
9)         AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON

           None
- --------------------------------------------------------------------------------
10)        CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES

                                                                      [ ]
- --------------------------------------------------------------------------------
11)        PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)

           0.0%
- --------------------------------------------------------------------------------
12)        TYPE OF REPORTING PERSON

           BD
- --------------------------------------------------------------------------------

                                      -2-

<PAGE>

                                  Schedule 13G

Item 1(a).        Name of Issuer:

Kitty Hawk, Inc.

Item 1(b).        Address of Issuer's Principal Executive Offices:

1515 West 20th Street
P.O Box 612787
Dallas, TX  75261

Item 2(a).        Name of Person Filing:

Gilder Gagnon Howe & Co. LLC

Item 2(b).        Address of Principal Business Office or, if None, Residence:

1775 Broadway, 26th Floor
New York, NY  10019

Item 2(c).        Citizenship:

New York

Item 2(d).        Title of Class of Securities:

Common Stock

Item 2(e).        CUSIP Number:

498326107

Item 3.           If this statement is filed pursuant  toss.ss.240.13d-1(b),  or
                  240.13d-2(b) or (c), check whether the person filing is a:

                  (a) |X|  Broker or Dealer  Registered  Under Section 15 of the
                           Act (15 U.S.C. 78o)

                  (b) |_|  Bank as  defined  in  section  3(a)(6) of the Act (15
                           U.S.C. 78c)

                  (c) |_|  Insurance  Company as defined in section  3(a)(19) of
                           the Act (15 U.S.C. 78c)

                  (d) |_|  Investment  Company registered under section 8 of the
                           Investment Company Act of 1940 (15 U.S.C. 80a-8)

                  (e) |_|  Investment        Adviser        in        accordance
                           withss.240.13d-1(b)(1)(ii)(E)

                  (f) |_|  Employee benefit plan or endowment fund in accordance
                           withss.240.13d-1(b)(1)(ii)(F)

                  (g) |_|  Parent   Holding   Company  or   control   person  in
                           accordance withss.240.13d-1(b)(ii)(G)

                                      -3-

<PAGE>

                  (h) |_|  Savings  Association  as  defined  inss.3(b)  of  the
                           Federal Deposit Insurance Act (12 U.S.C. 1813)

                  (i) |_|  Church plan that is excluded  from the  definition of
                           an  investment   company  under  ss.3(c)(15)  of  the
                           Investment Company Act of 1940 (15 U.S.C. 80a-3)

                  (j) |_|  Group, in accordance withss.240.13d-1(b)(ii)(J)

Item 4.           Ownership.

                  (a)      Amount beneficially owned:  None

                  (b)      Percent of class:  0.0%

                  (c)      Number of shares as to which such person has:

                           (i)      Sole power to vote or to direct the vote:
                                    None

                           (ii)     Shared power to vote or to direct the vote:
                                    None

                           (iii)    Sole power to dispose or to direct the
                                    disposition of:  None

                           (iv)     Shared power to dispose or to direct the
                                    disposition of:  None

The Reporting Person holds no shares in any of their accounts.

Item 5.           Ownership of Five Percent or Less of a Class.

                  This  statement  is being  filed to report the fact that as of
the date hereof the Reporting  Person has ceased to be the  beneficial  owner of
more than five percent of the class of securities.

Item 6.           Ownership  of More than  Five  Percent  on  Behalf of  Another
                  Person.

None.

Item 7.           Identification  and  Classification  of the  Subsidiary  Which
                  Acquired the Security  Being Reported on by the Parent Holding
                  Company.

Not applicable

                                      -4-

<PAGE>

Item 8.           Identification and Classification of Members of the Group.

Not applicable

Item 9.           Notice of Dissolution of Group.

Not applicable

Item 10.          Certification.

                  By signing  below I certify  that, to the best of my knowledge
and  belief,  the  securities  referred to above were  acquired in the  ordinary
course of business  and were not acquired for the purpose of and do not have the
effect of changing or influencing  the control of the issuer of such  securities
and were not acquired in connection  with or as a participant in any transaction
having such purposes or effect.

                                      -5-

<PAGE>

                                    SIGNATURE


             After  reasonable  inquiry and to the best  knowledge and belief of
the  undersigned,  the  undersigned  certifies that the information set forth in
this Statement is true, complete and correct.


                                                  May 10, 2000
                                              ----------------------------------
                                                     Date


                                              /s/ Walter Weadock
                                              ----------------------------------
                                                    Signature


                                              Walter Weadock, Member
                                              ----------------------------------
                                                    Name/Title

                                      -6-



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