{"id":537076,"date":"2021-09-10T17:27:18","date_gmt":"2021-09-10T21:27:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-air-worldwide-announces-new-five-year-labor-agreement-with-atlas-air-and-southern-air-pilots\/"},"modified":"2021-09-10T17:27:18","modified_gmt":"2021-09-10T21:27:18","slug":"atlas-air-worldwide-announces-new-five-year-labor-agreement-with-atlas-air-and-southern-air-pilots","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-air-worldwide-announces-new-five-year-labor-agreement-with-atlas-air-and-southern-air-pilots\/","title":{"rendered":"Atlas Air Worldwide Announces New Five-Year Labor Agreement with Atlas Air and Southern Air Pilots"},"content":{"rendered":"<h2>\nSignificant Step in Completing Merger of Atlas Air and Southern Air<br \/>\n<\/h2>\n<div class=\"mw_release\">\n<p align=\"justify\">PURCHASE, N.Y., Sept.  10, 2021  (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. subsidiary has completed a new joint collective bargaining agreement (JCBA) for its Atlas Air and Southern Air pilots, who are represented by the International Brotherhood of Teamsters (IBT).<\/p>\n<p align=\"justify\">The five-year JCBA is one of the last major steps in completing Atlas Air\u2019s merger with Southern Air, which it acquired in 2016.<\/p>\n<p align=\"justify\">The JCBA was achieved through a contractual merger process, which included negotiations followed by binding arbitration to resolve remaining open items. Under this new long-term agreement, Atlas Air and Southern Air pilots will receive higher pay and enhanced benefits as part of the overall competitive package.<\/p>\n<p align=\"justify\">\u201cAt Atlas, our people are our greatest strength, and our more than 2,500 pilots deserve this new agreement that provides them with significantly improved pay and benefits,\u201d said John W. Dietrich, President and Chief Executive Officer of Atlas Air Worldwide.<\/p>\n<p align=\"justify\">\u201cOur pilots are the best in the business and fly an unrivaled fleet across our global network to serve our customers,\u201d said Mr. Dietrich. \u201cWith this new agreement in place, we look forward to continuing to grow our company and creating more opportunities for pilots to grow their careers.\u201d<\/p>\n<p align=\"justify\">\u201cOur company has long prepared for this investment in our pilots and has factored these new terms and conditions into customer contract negotiations,\u201d Mr. Dietrich added. \u201cWe continue to see strong demand for our aircraft and services as we expand and extend customer agreements. We are well-positioned to leverage the diversity of our business model to capitalize on very favorable global airfreight market conditions.\u201d<\/p>\n<p align=\"justify\">Pay increases will be effective in October, with the remaining terms and conditions to be implemented in the coming months in collaboration with the union. Once the new terms, conditions and timing of implementation are fully assessed, the company will provide an updated outlook.<\/p>\n<p align=\"justify\">\n        <strong>About Atlas Air Worldwide:<\/strong>\n      <\/p>\n<p align=\"justify\">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\u2019s largest fleet of 747 freighter aircraft and provide customers the broadest array of Boeing 747, 777, 767 and 737 aircraft for domestic, regional and international cargo and passenger operations.<\/p>\n<p align=\"justify\">Atlas Air Worldwide\u2019s press releases, SEC filings and other information may be accessed through the company\u2019s home page, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=viyBvmhxq5kKXLvBDJwtaU_zQpzYJX3HXo4P6pr7ANXUkirjV6y6fRvEzWsS2b8WDGyQbzxOPMpnrjGI8DbDe7V2CPiQdmzd9Jxjm5X3x_o=\" rel=\"nofollow noopener\" target=\"_blank\">www.atlasairworldwide.com<\/a>.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td style=\"max-width:9%;width:9%;min-width:9%\">Contacts:\u00a0<\/td>\n<td style=\"max-width:91%;width:91%;min-width:91%\">Investors \u2013\u2002<a href=\"mailto:InvestorRelations@atlasair.com\" rel=\"nofollow noopener\" target=\"_blank\">InvestorRelations@atlasair.com<\/a><\/td>\n<\/tr>\n<tr>\n<td>\u00a0<\/td>\n<td>Media \u2013\u00a0 <a href=\"mailto:CorpCommunications@atlasair.com\" rel=\"nofollow noopener\" target=\"_blank\">CorpCommunications@atlasair.com<\/a><\/td>\n<\/tr>\n<\/table>\n<p>\u00a0<\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODMyNDA0NCM0Mzk5ODQ1IzIwMDU2MzE=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YWZiMDU2ZDgtZDQ3Ny00NGI5LTk5YjktMDFkZjQyYzBjMjViLTEwMTcyMDQ=\/tiny\/Atlas-Air-Worldwide-Holdings.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Significant Step in Completing Merger of Atlas Air and Southern Air PURCHASE, N.Y., Sept. 10, 2021 (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. subsidiary has completed a new joint collective bargaining agreement (JCBA) for its Atlas Air and Southern Air pilots, who are represented by the International Brotherhood of Teamsters (IBT). The five-year JCBA is one of the last major steps in completing Atlas Air\u2019s merger with Southern Air, which it acquired in 2016. The JCBA was achieved through a contractual merger process, which included negotiations followed by binding arbitration to resolve remaining open items. Under this new long-term agreement, Atlas Air and Southern Air pilots will receive higher pay &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-air-worldwide-announces-new-five-year-labor-agreement-with-atlas-air-and-southern-air-pilots\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Atlas Air Worldwide Announces New Five-Year Labor Agreement with Atlas Air and Southern Air Pilots&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-537076","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Atlas Air Worldwide Announces New Five-Year Labor Agreement with Atlas Air and Southern Air Pilots - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/atlas-air-worldwide-announces-new-five-year-labor-agreement-with-atlas-air-and-southern-air-pilots\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Atlas Air Worldwide Announces New Five-Year Labor Agreement with Atlas Air and Southern Air Pilots - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Significant Step in Completing Merger of Atlas Air and Southern Air PURCHASE, N.Y., Sept. 10, 2021 (GLOBE NEWSWIRE) &#8212; Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced that its Atlas Air, Inc. subsidiary has completed a new joint collective bargaining agreement (JCBA) for its Atlas Air and Southern Air pilots, who are represented by the International Brotherhood of Teamsters (IBT). The five-year JCBA is one of the last major steps in completing Atlas Air\u2019s merger with Southern Air, which it acquired in 2016. The JCBA was achieved through a contractual merger process, which included negotiations followed by binding arbitration to resolve remaining open items. 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