“AirAsia Group” Posts 17% Decline after Being Halted by KLSE on a “Going Concern”
“AirAsia Group” Posts 17% Decline after Being Halted by KLSE on a “Going Concern”.
“AirAsia Group” Posts 17% Decline after Being Halted by KLSE on a “Going Concern”.
9 ก.ค. 2563

The share price of Malaysia’s AirAsia Group (AIRASIA) plunged 17% on Wednesday after its auditor indicated material uncertainties, casting doubt on the company’s ability to process as a going concern.
 
Ernst &amp; Young said AIRASIA’s 2019 financial statements were prepared on a going concern basis, which is dependent upon a recovery from the COVID-19 pandemic and the success of fundraising efforts.
Moreover, Ernst &amp; Young also stated that AIRASIA’s current liabilities already exceeded its current assets by RM1.84 billion or approximately $430 million at the end of 2019, which was the year where the company posted a RM283 million net loss and that was before the coronavirus outbreak.