Atlas Air Worldwide Holdings, Inc. Files Form 8-K Report for Third-Quarter 2005 Results.

PURCHASE, N.Y. -- Atlas Air Worldwide Holdings, Inc. (AAWW) (OTC: AAWW.PK), a leading provider of global air cargo services, has filed a Current Report on Form 8-K with the Securities and Exchange Commission that reports, among other things, the Company's unaudited condensed consolidated financial results for the three- and nine-month periods ended September 30, 2005. E[acute accent]The financial statements included in the Form 8-K have not been reviewed by AAWW's independent registered public accountants. While AAWW expects to report these financial statements for this period on a SEC Form 10-Q once the independent accountants have completed their review, AAWW management believes that the financials included in the Form 8-K accurately reflect AAWW's financial condition as of the periods indicated.

E[acute accent]About Atlas Air Worldwide Holdings, Inc.:

E[acute accent]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. E[acute accent]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. E[acute accent]AAWW's press releases, SEC filings and other information may be accessed through the Company's home page, www.atlasair.com.