EasyJet sells £418m of equity as tourism recovery gathers pace

By Aidan Gregory
25 Jun 2020

UK airline EasyJet has raised £418m of fresh capital to bolster its balance sheet after reporting a significant half year loss because of the impact of the Covid-19 global pandemic on its business.

EasyJet placed 59.54m new shares, a 15% capital increase, at 703p a share. That is a 5% discount to the closing price of EasyJet on Wednesday evening. The sale came after EasyJet said in a trading update that it made a loss before tax of £353m in the ...

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