Boeing (BA) is scheduled to report results of its fiscal fourth quarter before the market opens on Wednesday, January 29, with a conference call scheduled for 10:30 am ET. What to watch for: 1. GUIDANCE: When Boeing reported its Q3 results on October 23, 2019, it did not provide financial guidance but announced that it was cutting the monthly 787 production rate to 12 units in late 2020. 2. 737 MAX AIRCRAFT: Airlines have been impacted by the continued grounding of the 737 MAX, and during its Q3 earnings conference call on October 24, 2019, American Airlines (AAL) CEO Doug Parker said the company is taking actions “to make sure” that Boeing’s holders bear the brunt of the expenses for the 737 MAX groundings, “not American’s shareholders.” On December 16, Boeing confirmed suspension of 737 MAX production, “Safely returning the 737 MAX to service is our top priority. We know that the process of approving the 737 MAX’s return to service, and of determining appropriate training requirements, must be extraordinarily thorough and robust, to ensure that our regulators, customers, and the flying public have confidence in the 737 MAX updates. As we have previously said, the FAA and global regulatory authorities determine the timeline for certification and return to service. We remain fully committed to supporting this process. It is our duty to ensure that every requirement is fulfilled, and every question from our regulators answered. Throughout the grounding of the 737 MAX, Boeing has continued to build new airplanes and there are now approximately 400 airplanes in storage. We have previously stated that we would continually evaluate our production plans should the MAX grounding continue longer than we expected. As a result of this ongoing evaluation, we have decided to prioritize the delivery of stored aircraft and temporarily suspend production on the 737 program beginning next month.” Southwest Air (LUV) announced on December 17, 2019, that it will remove 737 MAX planes from its flight schedule through April 13. 3. CEO RESIGNATION: On December 23, 2019, Boeing announced that its board has named current chairman, David Calhoun, as CEO and president, effective January 13. Calhoun will remain a member of the board. In addition, board member Lawrence Kellner will become non-executive chairman of the board effective immediately. The company also announced that Dennis Muilenburg has resigned from his positions as CEO and board director effective immediately. Boeing CFO Greg Smith will serve as interim CEO during the brief transition period, while Calhoun exits his non-Boeing commitments. The board decided that a change in leadership was necessary to restore confidence in the company moving forward as it works to repair relationships with regulators, customers, and all other stakeholders. Under the company’s new leadership, Boeing said it will operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers.