Boeing Co. experienced a significant drop in deliveries of its 737 Max jets in October, marking the lowest monthly total in nearly a year. According to data from Cirium and an analyst note by Sheila Kahyaoglu of Jefferies, the company likely delivered about 32 of these aircraft last month. This figure represents a sharp decline from the 43 deliveries recorded in September and is the smallest number since November of last year.
The decline in deliveries is a setback for Boeing's efforts to strengthen its financial position and generate more cash. The 737 Max has been a key focus for the company as it works to recover from past challenges and improve its market standing. The drop in October suggests that Boeing may be facing ongoing hurdles in meeting its production and delivery targets.