Barclays analyst David Strauss tells investors in a research note that Boeing has delivered 11 MAX aircraft so far in May, consisting of a mix of aircraft that were produced prior to the grounding being lifted in late 2020 along with aircraft that have been produced since then. The firm estimates 27 MAX deliveries so far in Q2 and that 105 of the MAX aircraft that are still in inventory are aircraft that have been in storage since the grounding. Barclays, which made no change to its Equal Weight rating or $190 price target on Boeing, says its methodology implies that the MAX production rate has improved to 24 per month from 7 per month in late March.
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