AirAsia shares in biggest daily fall as auditor flags 'going concern' doubts
Wednesday, 8 July 2020
Shares in Malaysia’s AirAsia Group Bhd tumbled more than 17% on Wednesday in their biggest daily fall after the auditor cast doubt on the budget carrier’s ability to continue as a going concern due to the coronavirus travel slump. Auditors EY issued an audit opinion stating the airline’s 2019 earnings were prepared on a going concern basis, which is dependent upon a recovery from the COVID-19 pandemic and the success of fundraising efforts. AirAsia said in...
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