SYDNEY, July 8 (Reuters) - Shares in Malaysia's AirAsia
Group Bhd AIRA.KL were halted on Wednesday 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 issued late on Tuesday, Ernst & Young PLT said
the financial statements were prepared on a going concern basis
- which is dependent upon a recovery from the COVID-19 pandemic
and the success of fund raising efforts.
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.
= 4.2750 ringgit)