AirAsia in trading halt after auditor flags 'going concern' doubts

Shares in Malaysia's AirAsia Group Bhd were halted today after its auditor said there were material uncertainties that cast doubt on the budget carrier's ability to continue as a going concern.

In an unqualified audit opinion on the airline's earnings results for 2019, Ernst & Young PLT said the financial statements were prepared on a going concern basis, which is dependent upon recovery from the Covid-19 pandemic and the success of fundraising efforts...