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...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trading of AirAsia’s shares suspended after auditor E&Y brings up concern | Malay MailKUALA LUMPUR, July 8 — The public trading for low-cost carrier AirAsia Group Berhad has been suspended by Bursa Malaysia, after its external auditor issued an unqualified opinion on its ability to continue and its related material uncertainty. The auditor, Ernst & Young PLT (E&Y), said in...
Source: malaymail - 🏆 1. / 86 Read more »
Bursa suspends AirAsia trading effective 9am todayThe Covid-19 pandemic took a serious toll on the airline's Q1 performance. FMTNews AirAsia
Source: fmtoday - 🏆 5. / 72 Read more »
AirAsia catat kerugian RM803.85 juta pada suku pertama 2020 | The Malaysian InsightKetika ini AirAsia mengendalikan 191 penerbangan harian di seluruh rantau ini.
Source: msianinsight - 🏆 8. / 63 Read more »
Deutsche Bank fined US$150 million for ties to sex offender Epstein | The Malaysian InsightIt failed to raise red flags on accounts held by tycoon, says NY financial authority.
Source: msianinsight - 🏆 8. / 63 Read more »
AirAsia now allows passengers to carry two bags in cabin not weighing over 7kgPETALING JAYA: Following an increase in demand for air travel, AirAsia now allows passengers to carry two pieces of cabin baggage again with a combined weight not exceeding 7kg for free.
Source: staronline - 🏆 4. / 75 Read more »
AirAsia now allows up to two trolley bags in cabin again, drops one-bag rule | Malay MailKUALA LUMPUR, July 7 — Low-cost airline AirAsia has changed its policy on how many bags passengers can bring on board the plane for free. Passengers are now allowed two pieces of cabin baggage with a combined weight not exceeding 7kg. For the trolley bag, the size 'must not exceed 56cm x...
Source: malaymail - 🏆 1. / 86 Read more »