Shares in Malaysia's AirAsia Group Bhd were halted today 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, Ernst & Young PLT said the financial statements were prepared on a going concern basis, which is dependent upon recovery from the Covid-19 pandemic and the success of fundraising efforts...