AirAsia shares suspended after auditor questions carrier's future

Ernst & Young cites 'material uncertainties' due to COVID-19 travel restrictions

AirAsia on Monday reported a first-quarter loss of 804 million ringgit, reversing a 96 million ringgit profit for the year-earlier period. (Photo by Akira Kodaka)

P PREM KUMAR, Nikkei staff writer

July 8, 2020 16:43 JST

Updated on July 8, 2020 18:20 JST

KUALA LUMPUR -- AirAsia Group shares were temporarily suspended on Wednesday after the company's external auditor told the Kuala Lumpur stock exchange that it had "significant doubt" over the budget airline's ability to operate amid the lingering pandemic.