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Travel and border restrictions imposed by government have resulted in a considerable drop in demand for international air travel, affecting the Group’s and the Company’s financial situation, financial performance, and cash flows. For the fiscal period ended 30 June 2021, the Group and the Company recorded net losses of RM33.72 billion and RM33.79 billion, respectively – while current liabilities surpassed current assets by RM34.21 billion and RM34.30 billion. Furthermore, the Group and the Company both declared shareholder deficits of RM33.58 billion and RM33.66 billion.
The pandemic is affecting the businesses of many companies.
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Order Paper Now1. Discuss one incident or situation of AirAsia Group and AirAsia X that might suggest EITHER a material going concern uncertainty OR a mitigating factor. (2m)
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