The airline’s current liabilities already exceeded its current assets by RM1.84 billion ($600 million) at the end of 2019, a year when it posted a RM283 million net loss, EY said in a statement to the Kuala Lumpur Stock Exchange on July 8. The financial performance and cash flow have now been further hit by virus-related travel restrictions.
Quoteworthy: "Donald learned long ago how to pick his targets." — Mary Trump, niece of the US president, in her upcoming tell-all family memoir, “Too Much and Never Enough: How My Family Created the World’s Most Dangerous Man”
AirAsia’s future in ‘significant doubt’, warns EY
The ability of AirAsia Group to continue as a going concern may be in “significant doubt” because of the impact the coronavirus is having on the indebted carrier, auditor EY says.
