AirAsia sinks on go­ing con­cern warning

The Daily Telegraph - Business - - Business -

Shares in Malaysia’s AirAsia plunged al­most 18pc as trad­ing re­sumed af­ter be­ing halted ear­lier in the day. It came af­ter its au­di­tor Ernst & Young said there were “ma­te­rial un­cer­tain­ties” cast­ing doubt on its abil­ity to con­tinue as a go­ing con­cern. It said AirAsia’s cur­rent li­a­bil­i­ties al­ready ex­ceeded its cur­rent as­sets by 1.84bn ring­git (£340m) at the end of 2019.

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