{"id":361818,"date":"2020-07-08T10:54:22","date_gmt":"2020-07-08T05:24:22","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=361818"},"modified":"2020-07-08T11:29:29","modified_gmt":"2020-07-08T05:59:29","slug":"airasia-in-trading-halt-after-auditor-notes-going-concern-doubts","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/airasia-in-trading-halt-after-auditor-notes-going-concern-doubts\/","title":{"rendered":"AirAsia in trading halt after auditor notes &#8216;going concern&#8217; doubts"},"content":{"rendered":"<p>Shares in Malaysia&#8217;s AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier&#8217;s ability to continue as a going concern. <\/p>\n<p>In an unqualified audit opinion on the airline&#8217;s earnings results for 2019 issued late on Tuesday, Ernst &amp; Young PLT said the financial statements were prepared on a going concern basis &#8211; which is dependent upon a recovery from the COVID-19 pandemic and the success of fundraising efforts. <\/p>\n<p>AirAsia on Monday posted a 803.3 million ringgit ($188 million) loss for the three months ending March 31, its biggest first-quarter loss since its listing in November 2004.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares in Malaysia&#8217;s AirAsia Group Bhd were halted on Wednesday after its auditor said there were material uncertainties that cast doubt on the budget carrier&#8217;s ability to continue as a going concern. In an unqualified audit opinion on the airline&#8217;s earnings results for 2019 issued late on Tuesday, Ernst &amp; Young PLT said the financial statements were prepared on a going concern basis &#8211; which is dependent upon a recovery from the COVID-19 pandemic and the success of fundraising efforts. AirAsia on Monday posted a 803.3 million ringgit ($188 million) loss for the three months ending March 31, its biggest [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[176,146,130],"tags":[],"class_list":["post-361818","post","type-post","status-publish","format-standard","hentry","category-civil-aviation-deccan-herald-newspapers","category-deccan-herald-newspapers","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=361818"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/361818\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=361818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=361818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=361818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}