February 5, 2021

To: Atlas Air and Southern Air Pilots

From: Jeff Carlson, Senior Vice President, Flight Operations

As we work to complete your new Joint Collective Bargaining Agreement (JCBA), we met with the Union negotiating committees this week and provided a responsive supposal focused on the economics of an agreement.

The Union committees provided a response to the Company supposal and some progress was made in narrowing our differences.

We will meet again next week as part of the additional negotiations both parties agreed to in advance of February 15, when the nine-month bargaining period ends.

We look forward to completing a contract that recognizes all our pilots for your ongoing efforts and commitment to our company and our customers.