William J. Flynn, CEO of Atlas Air Worldwide Holdings,
Rings The NASDAQ Stock Market Opening Bell

Monday, July 24, 2006
at NASDAQ's MarketSite
in New York City.

Atlas Air, Inc.
[AAWW]

William J. Flynn, CEO of Atlas Air Worldwide Holdings(AAWW) presides over the opening bell to celebrate its listing on the NASDAQ.

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 may be accessed through the Company's home page, www.atlasair.com.

Click for larger pictures of the NASDAQ MarketSite. Additional Photographs for 7/24/2006 Download Hi-Res Quality Photo of this NASDAQ Market Open - Pictured: William J. Flynn, CEO of Atlas Air Worldwide Holdings, signs in to the market at the beginning of the trading day. These photos are Copyright 2006, The Nasdaq Stock Market Inc. and available for re-publication by the news media only. Any commercial use is strictly prohibited without the prior written consent of The Nasdaq Stock Market Inc. © Copyright 2006, The NASDAQ Stock Market, Inc. Reprinted with the permission of The Nasdaq Stock Market, Inc.