Ernst & Young, the auditors of Malaysia-based LCC Air Asia, has said in a release to Bursa Malaysia that there are doubts the cash-strapped airline is still a going concern. Trading in the shares was briefly halted after the stock exchange announcement but resumed later as the market digested E&Y unqualified audit opinion that there is material uncertainty “relating to going concern in respect of [Air Asia’s] audited financial statement for the financial year…2019”. EY’s stock exchange note pointed to Air Asia’s RM283 million loss for the financial year ended 31 December 2019 and that its current liabilities exceeded its

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