With the data fresh from the OEM, we updated our model. Interestingly, there were no orders in May, probably being saved up for the show in two weeks to maximize media attention. For the month, Airbus delivered 51 aircraft to 32 customers, including the first A321XLR to WizzAir and the first A321neo to Kuwait Airways. The following table offers a perspective on the performance to date. [caption id="attachment_91469" align="aligncenter" width="437"] AirInsight[/caption] It appears Airbus is struggling to meet its rate target, which is necessary to achieve the annual goal. Does this guide to a revision? Perhaps, with nearly half the year gone, 248 deliveries is 30.2%. Airbus has set an ambitious delivery target of approximately 820 commercial aircraft for 2025, a 7% increase from the 766 deliveries made last year. To meet its target, Airbus needs to deliver 82 aircraft per month for the rest of the year. We don't see this happening. Even without COMAC receiving LEAP engines, this will not be sufficient help to Airbus. Our tracker suggests the LEAP deliveries are an issue for Airbus. Boeing's higher MAX rates are more likely to cause this. A downward revision of the delivery target is probable. However, this is likely to be overshadowed by the news expected from China. Once the euphoria is peaking, it will be easier to make such an announcement and blame the supply chain again.