EasyJet expects a pre-tax loss of up to ?845 million for its fiscal year just ended as coronavirus travel restrictions slam passenger demand, the British no-frills airline said Thursday.

It forecast a loss for the year to September 30 of between ?815 million and ?845 million ($1.04 billion and $1.08 billion), adding that its flight capacity should reach only about 25 percent in the final three months of 2020.

Updating on EasyJet’s first ever annual loss, chief executive Johan Lundgren urged the UK government to do more to support the country’s ailing aviation sector.

“At the beginning of this year, no one could have imagined the impact the pandemic has had on the industry,” Lundgren said in Thursday’s trading update.

“Aviation continues to face the most severe threat in its history and the UK government urgently needs to step up with a bespoke package of measures to ensure airlines are able to support economic recovery when it comes.”

EasyJet grounded its entire fleet for more than two months due to the coronavirus pandemic EasyJet grounded its entire fleet for more than two months due to the coronavirus pandemic Photo: AFP / PATRICIA DE MELO MOREIRA

Lundgren added of the 25-year-old airline: “This year will be the first time in its history that EasyJet has ever made a full year loss.”

The carrier grounded its entire fleet on March 30 as Britain went into a lockdown, returning to the skies with only a very limited schedule in the middle of June.

As a result, EasyJet is axing up to 4,500 jobs, or almost one third of its staff, mirroring moves by airlines worldwide.

“Removing cost from the business is a key management priority and will position EasyJet to emerge from the pandemic in an even more competitive position for the long term,” it said Thursday.

“At this stage, given the continued level of short-term uncertainty, it

Company continues to advance its Corporate Responsibility Commitment goals through empowering employees to foster collective impact

WILMINGTON, Del., Sept. 30, 2020 /PRNewswire/ — The Chemours Company (Chemours) (NYSE: CC), a global chemistry company with leading market positions in fluoroproducts, titanium technologies, and chemical solutions, today published its third annual Corporate Responsibility Commitment report, continuing the company’s commitment to responsible chemistry.

The company’s Corporate Responsibility Commitment is anchored by ten bold goals targeted for completion by 2030 that are aligned across three key pillars–Inspired People, Shared Planet and Evolved Portfolio. They cover eight key areas of focus that the company defines as follows:

Safety Excellence–Focusing on the safety of our people, communities and the environment around us

Vibrant Communities–Investing in our communities to improve lives through education, safety, and sustainable environment programs

Empowered Employees–Building an engaged global workforce to reflect the varied viewpoints and diversity of the communities in which we operate

Climate–Reducing greenhouse gas emissions to support the global transition to a low-carbon economy

Water Quality–Safeguarding this important shared natural resource through the reduction of air and water process emissions

Waste–Reducing landfill waste generation by refining our products and processes

Sustainable Offerings–Increasing our portfolio offerings that contribute to the United Nations Sustainable Development Goals (UN SDGs), and the percentage of revenue derived from them

Sustainable Supply Chain–Driving responsible behaviors throughout our supply chain

The report, which is based on Chemours’ 2019 operations, is entitled “Single Focus, Shared Future” and highlights the contributions made by Chemours’ 7,000 employees across the globe, and how their actions contribute to the company’s sustainability goals.

Through a singular focus of helping to create a better world, Chemours employees are seamlessly integrating their Corporate Responsibility Commitment into the company’s business strategies, daily operations, customer and supplier interactions, community partnerships, and neighborhood outreach. The 2019


Origami Risk LLC today announced it has been named in the annual Best Places to Work in Insurance program, which recognizes employers for their outstanding performance in establishing workplaces where employees can thrive, enjoy their work and help their companies grow.

In earning this recognition from Business Insurance for the fifth consecutive year, Origami has now received more than two dozen such honors for workplace, innovation and service in recent years. The steady recognition reflects Origami’s strong commitment to hire and retain the insurance industry’s top talent, as well as to provide its colleagues with a collaborative culture and the support they need to deliver the highest level of service to its customers.

“At Origami, our focus on helping our clients succeed calls for recruiting and retaining the best people who are fully engaged and motivated by our distinctly collaborative and supportive culture,” said Nikki Facchini, director of Human Resources, Origami Risk. “As a result, we’re consistently able to anticipate and respond to the evolving and increasingly complex needs of our clients with tailored solutions and breakthrough innovations that help them manage risk and drive results.”

Earlier this year, Origami collaborated with its customers to launch a series of digital solutions to help them address issues arising from COVID-19, including a suite of specialized tools for the healthcare sector. The firm also continued its expansion with the creation of a new division focused on serving property-casualty insurance companies, third-party administrators, managing general agents, government pools and entities with large self-administered workers’ compensation plans.

Best Places to Work in Insurance is an annual sponsored content feature presented by the Custom Publishing unit of Business Insurance and Best Companies Group that lists the agents, brokers, insurance companies and other providers with the highest levels of employee engagement and

BEIJING, Sept 29 (Reuters)Toyota Motor Corp’s 7203.T annual global sales of electrified vehicles could reach 5.5 million in 2025, five years earlier than initially planned, a senior company executive said at an industry conference on Tuesday.

Toyota in 2017 had announced a plan to sell 5.5 million electrified vehicles, including 4.5 million of hybrid and plug-in hybrid vehicles and 1 million electric and hydrogen fuel-cell vehicles, by 2030.

Seiya Nakao, chairman and president of Toyota China’s engineering and manufacturing, said auto electrification was progressing faster than expected and the top Japanese automaker thinks it can reach the target sooner.

A China-based Toyota spokesman said 2025 was not a formal company target now.

Toyota sold more than 10 million vehicles globally last year, including around 2 million electrified vehicles.

(Reporting by Norihiko Shirouzu and Yilei Sun; Editing by Himani Sarkar)

(([email protected]; +86 10 66271262; Reuters Messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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LITTLE ROCK, Ark., Sept. 28, 2020 (GLOBE NEWSWIRE) — Uniti Group Inc. (“Uniti”) (Nasdaq: UNIT) announced today that its Executive Vice President, Chief Financial Officer and Treasurer, Mark Wallace, and Senior Vice President, Sales, Joe McCourt, are scheduled to participate in Deutsche Bank’s 28th Annual Leveraged Finance Conference on October 6 & 7, 2020.


Uniti, an internally managed real estate investment trust, is engaged in the acquisition and construction of mission critical communications infrastructure, and is a leading provider of wireless infrastructure solutions for the communications industry. As of June 30, 2020, Uniti owns 6.5 million fiber strand miles and other communications real estate throughout the United States. Additional information about Uniti can be found on its website at www.uniti.com.


Mark A. Wallace, 501-850-0866
Executive Vice President, Chief Financial Officer & Treasurer
[email protected]

Bill DiTullio, 501-850-0872
Vice President, Finance and Investor Relations
[email protected]


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(C) Copyright 2020 GlobeNewswire, Inc. All rights reserved.

The MarketWatch News Department was not involved in the creation of this content.

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