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AirAsia shares suspended after auditor says future of airline in 'doubt'
short by Anushka Dixit / on Wednesday, 8 July, 2020
Shares of AirAsia fell nearly 18% on Wednesday after being halted following auditor E&Y warning that the future of the airline is in 'significant doubt'. Trading was halted Wednesday until mid-afternoon. AirAsia has posted a first-quarter loss of $188 million, its biggest for the quarter since its 2004 listing, while its current liabilities exceeded its current assets by $600 million.
read more at BloombergQuint