Atlas Air Worldwide Dispatchers Ratify Labor Agreement

PURCHASE, N.Y., April 18, 2017 -- Atlas Air Worldwide Holdings, Inc. (Nasdaq:AAWW), today announced the ratification of a collective bargaining agreement with the dispatchers of its subsidiaries, Atlas Air, Inc. and Polar Air Cargo Worldwide, Inc. The dispatchers are represented by the International Brotherhood of Teamsters (IBT) Local 210.

The four-year extension agreement follows an initial five-year contract that was ratified in 2012. The agreement includes pay increases, as well as benefits associated with the dispatchers’ relocation to the company’s Northern Kentucky/Cincinnati-area operating hub.

“We are very pleased to have finalized this extension agreement with our outstanding team of experienced dispatchers,” said John Dietrich, Executive Vice President and Chief Operating Officer of Atlas Air Worldwide. “This agreement offers highly competitive pay increases as well as favorable moving allowances for our valued dispatchers. It also extends a solid contract that continues to serve us all very well.”

“This agreement is the result of collaborative and productive discussions with the IBT leadership and the negotiating committee. We are grateful for their hard work and commitment during the entire process. We appreciate our dispatchers’ support of the extended agreement and the excellent service they provide every day.”

The company’s dispatchers are responsible for planning, dispatching, and oversight of all Atlas and Polar aircraft during flight.

About Atlas Air Worldwide: 

Atlas Air Worldwide is a leading global provider of outsourced aircraft and aviation operating services. It is the parent company of Atlas Air, Inc., Southern Air Holdings, Inc. and Titan Aviation Holdings, Inc., and is the majority shareholder of Polar Air Cargo Worldwide, Inc. Our companies operate the world's largest fleet of 747 freighter aircraft and provide customers a broad array of Boeing 747, 777, 767, 757 and 737 aircraft for domestic, regional and international applications.

Atlas Air Worldwide’s press releases, SEC filings and other information may be accessed through the company’s home page, www.atlasair.com.

Contacts:  
Bonnie Rodney (Media) – (914) 701-8580
Dan Loh (Investors) – (914) 701-8200