Atlas Air and Southern Air Provide Interim Pay Increase for Pilots in Agreement with International Brotherhood of Teamsters
May 07 2020 - 8:21AM
Atlas Air Worldwide Holdings, Inc. (Nasdaq: AAWW) today announced
that its wholly-owned subsidiaries Atlas Air, Inc. and Southern
Air, Inc. have reached an agreement with International Brotherhood
of Teamsters (IBT) Locals 2750 and 1224 for an interim pay increase
for their pilots. The ten percent pay increase is effective
as of May 1.
“We wanted to provide this interim increase to
our pilots who are working so hard during this difficult
time. Reaching this agreement with our IBT Locals underscores
our deep appreciation of the efforts of our pilots,” said John W.
Dietrich, President and Chief Executive Officer, Atlas Air
Worldwide. “While we continue to manage through this current
pandemic situation, we also remain focused on completing the joint
collective bargaining agreement we have been pursuing in connection
with the merger between Atlas Air and Southern Air.”
The company and the IBT have been in merger
negotiations for a joint contract for the more than 2,200 pilots
that fly for Atlas Air and Southern Air.
About Atlas Air Worldwide:
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’s
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.
Atlas Air Worldwide’s press releases, SEC
filings and other information may be accessed through the company’s
home page, www.atlasairworldwide.com.
Contacts: |
Investors –
InvestorRelations@atlasair.com |
|
Media –
CorpCommunications@atlasair.com |
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