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CEO of Atlas Air Worldwide Holdings, Inc. to Ring NASDAQ Opening Bell

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CEO of Atlas Air Worldwide Holdings, Inc. to Ring NASDAQ Opening Bell

Wednesday, July 19, 2006 --   FOR IMMEDIATE RELEASE:

Contacts: Regina Milano (Media) 914-701-8417

Dan Loh (Investors) 914-701-8210

CEO of Atlas Air Worldwide Holdings, Inc.

To Ring NASDAQ Opening Bell

Purchase, N.Y., July 19, 2006 - Atlas Air Worldwide Holdings, Inc. (AAWW) (Nasdaq: AAWW),

a leading provider of global air cargo services, today announced that William J. Flynn, President and

CEO, will ring The NASDAQ Stock Market Opening Bell on Monday, July 24 at 9:30 a.m. EDT at

the NASDAQ MarketSite on Broadway in Times Square, New York City. The event celebrates

AAWW's recent listing on NASDAQ and the trading of its shares beginning May 31, 2006.

“It's a privilege to ring the NASDAQ bell and to celebrate our new listing on The NASDAQ Stock

Market,” said Mr. Flynn. “This is a significant milestone for AAWW. Not only does our listing

enhance stockholder value by ensuring a more liquid market for our shares, but we also consider

NASDAQ a leading-edge marketplace that complements our position as a leader in the vibrant and

fast-moving world of international air cargo and transportation.”

To view the NASDAQ opening bell ceremony live, visit

http://www.nasdaq.com/reference/marketsite_about.stm to access the MarketSite web cam link.

Feed Information:

The opening bell will be available from 9:20 a.m. to 9:35 a.m. on uplink IA-5 C-band/transponder

14. The downlink frequency is 3980 horizontal; audio: 6.2/6.8. The feed can also be found on

Waterfront fiber 1623.

About Atlas Air Worldwide Holdings, Inc.:

AAWW is the parent company of Atlas Air, Inc. (Atlas) and Polar Air Cargo, Inc. (Polar), which

together operate the world's largest fleet of Boeing 747 freighter aircraft.

AAWW, through its principal subsidiaries Atlas and Polar, offers scheduled air cargo service, cargo

charters, military charters, and ACMI aircraft leasing in which customers receive a dedicated

aircraft, crew, maintenance and insurance on a long-term lease basis.

AAWW's press releases, SEC filings and other information can be accessed through the Company's

home page, www.atlasair.com.

About NASDAQ

NASDAQ is the largest U.S. electronic stock market. With approximately 3,200 companies, it lists

more companies and, on average, trades more shares per day than any other U.S. market. It is home

to companies that are leaders across all areas of business, including technology, retail,

communications, financial services, transportation, media and biotechnology. NASDAQ is the

primary market for trading NASDAQ-listed stocks. For more information about NASDAQ, visit the

NASDAQ Web site at www.nasdaq.com or the NASDAQ Newsroom at

www.nasdaq.com/newsroom.

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For more information, please contact:
Dan Loh
E-mail: Dan.Loh@atlasair.com