Thomas Murphy, Polar Air Cargo Worldwide Executive Vice President and Chief Operating Officer, To Retire in August

PURCHASE, N.Y., June 4, 2014 – Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW), today announced that Thomas Murphy, Executive Vice President and Chief Operating Officer, Polar Air Cargo Worldwide (Polar), has decided to retire in August 2014.

Mr. Murphy joined Polar, in which Atlas Air Worldwide is the majority shareholder, in July 2009. Prior to joining Polar, Mr. Murphy served as Senior Vice President, Aviation Asia Pacific for DHL Express. His responsibilities with the company included all aspects of aviation operations, strategy, and service performance in the Asia Pacific region.

Previously, Mr. Murphy served as Vice President Air Operations Asia Pacific Singapore for United Parcel Service, where he led the planning, development and implementation of UPS air strategy, operations and cargo sales for the Asia Pacific Region. Prior to his work at UPS, Mr. Murphy spent 15 years at TWA.

Polar is one of DHL’s key partner airlines on intercontinental routes. Under Mr. Murphy’s leadership, Polar’s contribution to the DHL network has significantly increased service in the high-growth transpacific and intra-Asia markets.

A replacement for Mr. Murphy, who will continue to grow the strong relationship between the two companies, will be named shortly.

“Tom is an industry veteran and one of the most respected people in air cargo,” said William J. Flynn, President and Chief Executive Officer, Atlas Air Worldwide. “He has been instrumental developing and expanding our role with DHL. Through his guidance and commitment to operational excellence, Polar has delivered consistent, reliable service on intercontinental and intra-Asian lanes for DHL.”

Mr. Flynn added, “Tom’s time with Polar has been well-spent and he can take pride in his many accomplishments. We wish him all the best in his well-earned retirement.”