Budget carrier launches £450m share placing and unveils half year figures

Budget airline easyJet has announced a share placing to raise approximately £400-450m to improve its liquidity. The carrier, which operates 46 routes out of Manchester Airport and 34 from Liverpool John Lennon Airport, also announced its results for the six month period to March 31, which would have included the start of the coronavirus pandemic lockdown. It announced it was grounding its entire fleet on March 30. Revenues rose...