American Airlines swung to a loss in Q1, but its forecast for the current period surpassed analysts’ estimates. American expects to earn between $1.15 and $1.45 per share in Q2, on an adjusted basis, largely above the $1.18 that analysts compiled by LSEG estimated on average. American reiterated its forecast to earn between $2.25 and $3.25 per share for the full year. “While we aren’t satisfied with our first-quarter financial results, we have a strong foundation in place, and we remain on track to deliver on our full-year financial targets,” CEO Robert Isom said in an earnings release. American said it expects Q2 capacity to be up 7% to 9%, and unit revenues to fall 1% to 3% from last year. Similar to Southwest, United and Alaska, American is affected by Boeing’s latest quality control and safety crises. American will receive seven fewer aircraft from Boeing than it previously projected, Isom said, adding that he did not expect a material impact from the delays. “My message is Boeing hasn’t changed since the last time we talked,” Isom said. “Get your act together. Deliver.”<br/>
oneworld
Korean Air has completed the first demonstration of its comprehensive urban air mobility (UAM) system, using a 5G network to link its in-house UAM operating systems to an electric vertical take-off and landing (eVTOL) aircraft. The demonstration was conducted in collaboration with the Hyundai Motor Company, Korea Telecom, Incheon International Airport Corporation, and Hyundai Engineering & Construction and was described by the airline as the first of its kind. Part of the Korean UAM Grand Challenge programme organised by the country’s Ministry of Land, Infrastructure and Transport, the demonstration took place over five weeks at the Goheung Aviation Test Centre and is part of the country’s attempt to launch a network of aviation systems operating cargo and passenger services in cities. To validate its system, Korean Air demonstrated the reliability of its proprietary UAM Operation Control System and Traffic Management System by carrying out ten scenarios in normal and abnormal situations. The data from the tests will be used to improve the safety of the system and inform future UAM operations in “high-density urban environments”. <br/>