Airbus parent company EADS NV reports its fourth-quarter and full year results before the stock market opens Tuesday.
WHAT TO WATCH FOR: The biggest uncertainty over EADS' financial results is how much of the cost overruns it will have to shoulder for its troubled A400M program — and that is out of the company's hands.
Talks with the customer governments over the A400M military transport plane are still dragging on, and it is unclear whether accounting issues will be resolved in time for EADS' results.
The €20 billion ($27 billion) project is over budget by about €5.2 billion and the losses must be shared between EADS and its seven launch customers: France, Germany, Britain, Spain, Belgium, Luxembourg and Turkey.
Officials were meeting Friday in Berlin, but it is not clear whether they could resolve the issues this meeting.
EADS has already provisioned €2.4 billion against potential losses.
Analysts say any solution will be better than the current situation where customer payments have dried up and EADS is spending €100 million a month.
Analysts will also be looking at how Airbus is coping with ramping up production of its A380 superjumbo program, and how much cash it spent helping struggling airlines pay for planes.
WHY IT MATTERS: Airbus CEO Tom Enders said in January that the A400M is endangering all of Airbus. The troubled project is eating up much needed cash and engineering resources and overshadowing successes elsewhere.
In 2009, Airbus beat rival Boeing in aircraft production in 2009, delivering a record 498 aircraft and maintaining its place as the world's largest planemaker. And Airbus survived a crisis year for the airline industry to post 271 orders, beating Boeing's 142.
WHAT'S EXPECTED: Analysts polled by Thomson Reuters expect EADS to report €246 million net profit in the fourth quarter and €664.82 million in the year. Revenue is seen at €12.86 billion in the quarter and €42.55 billion over the full year.
LAST YEAR'S QUARTER: EADS earned €490 million net profit in the fourth quarter and €1.57 billion in the full year of 2008. Revenue was €13.83 billion in the fourth quarter and €43.26 billion over the full year.