February 8, 2020

To: Atlas Air and Southern Air Pilots

From: Jeff Carlson, Senior Vice President, Flight Operations

Negotiations for the joint collective bargaining agreement continued this week with progress on key articles including hours of service, leaves of absence and training.

Importantly, the IBT financial advisors spent time with the company’s finance team to review modeling and analysis, and ensure that both parties understand the financial impact of items agreed to or under consideration.

We have additional dates for further negotiations set in March and April, and will continue to focus on steps to get to a JCBA for our crew members.