Airline easyJet raises cash after losses widen due to COVID-19

LONDON (Reuters) - Budget airline easyJet on Wednesday sought to raise up to 450 million pounds via a share placement to help it navigate the COVID-19 pandemic after reporting a bigger first-half loss.The airline, which grounded its fleet on March 30, has said it does not expect passenger demand to recover to pre-pandemic levels until 2023.The company said it would raise 400-450 million pounds by placing up to 59.5 million shares, equivalent to 15% of its share capital. A bookrunner said the..