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LOGANAIR - Does the future seem uncertain


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"AUDITORS for Loganair have flagged a “material uncertainty” over the airline’s ability to continue as a going concern because of the ongoing challenges posed by CoVID-19"

 

This despite a £4.5m assistance package from IOMG  😞

 

https://www.heraldscotland.com/business_hq/19198760.loganair-going-concern-doubt-amid-ongoing-covid-uncertainty/

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I suspect there's a lot of small airlines which will have similar notes from their auditors

Would be a pretty poor auditor to not see that risk on the horizon

 

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12 hours ago, Fluffy123 said:

Particularly with more scrutiny on auditors in general after a few large notable failings in the U.K. by the big 4. 

Don't worry..... there'll be no uncertainty about them getting their fees though!

On a broader note there are many large, private and public companies that would fail the 'going concern' test at the first hurdle with or without an auditor saying so.

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