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Atlas Air Worldwide Holdings, Inc. To Host Conference Call, Report 2004 Post-Emergence Results And Provide 2005 Guidance <P>Conference Call/Web Cast – 11 A.M., Monday, May 23

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Atlas Air Worldwide Holdings, Inc. To Host Conference Call, Report 2004 Post-Emergence Results And Provide 2005 Guidance

Conference Call/Web Cast - 11 A.M., Monday, May 23

Thursday, May 19, 2005 --   Atlas Air Worldwide Holdings, Inc. (AAWW) (OTC: AAWWV.PK), a leading provider of global air cargo services, will hold a conference call to discuss the Company's 2004 post-emergence results and to provide 2005 guidance at 11 A.M. Eastern Daylight Time on Monday, May 23, 2005.

Jeffrey H. Erickson, AAWW's President and Chief Executive Officer, and Michael L. Barna, Senior Vice President and Chief Financial Officer, will host the conference call.

AAWW will release results for both the five-month period ended December 31, 2004 that followed its emergence from Chapter 11 bankruptcy protection and for the seven-month period ended July 27, 2004 that preceded its emergence prior to the conference call on May 23.

The Company will release 2005 guidance prior to the call as well.

Interested parties are invited to listen to the call live over the Internet at www.atlasair.com or www.earnings.com.

For those unable to listen to the live call, a replay will be available on the above Web sites for 90 days following the call. A replay will also be available through May 30, 2005 by dialing (800) 405-2236 (domestic) and (303) 590-3000 (international) and using passcode 11030809.

About the Company

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.

Atlas is the world's leading provider of ACMI (aircraft, crew, maintenance and insurance) freighter aircraft to major airlines around the globe. Polar is among the world's leading providers of airport-to-airport freight carriage. Polar operates a global, scheduled-service network and serves major trade lanes of the world.

Through both of its principal subsidiaries, AAWW also provides commercial and military charter services.

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