Juneyao Airlines

Juneyao Airlines announced after market close on October 8 that as of September 30 the company had repurchased 62.06 million shares, accounting for 2.86% of total share capital, with a repurchase amount of 650 million yuan and a repurchase price range of 9.58 yuan to 11.25 yuan per share. The buyback stems from a repurchase plan approved at the first meeting of the sixth board of directors on July 8, 2026. The company intends to use its own funds to repurchase shares through centralized bidding for an employee stock ownership plan or equity incentives, with total repurchase funds of no less than 400 million yuan and no more than 800 million yuan, a repurchase price not exceeding 15.00 yuan per share, and a repurchase period of 12 months from the date of board approval. Although the buyback is already more than halfway complete, Juneyao Airlines' share price remains weak, falling 2.91% on October 8 to close at 9.67 yuan, with a year-to-date decline of 34%. On September 28 it hit a new low for this correction at 9.55 yuan. The same day the company also announced that securities affairs representative Wang Xi had resigned for personal reasons. On the earnings front, in the first half of 2026 Juneyao Airlines' operating revenue exceeded 12 billion yuan, up 9.16% year on year, but net profit attributable to the parent was only 150 million yuan, down 70.27% year on year, while net profit excluding non-recurring items was just 69.42 million yuan, down 82.97% year on year.

Juneyao Air announced that in June, the company's passenger capacity, measured by available seat kilometres, rose 0.78% year-on-year. Over the same period, passenger traffic, measured by revenue passenger kilometres, increased 1.21% year-on-year, with the load factor reaching 87.09%, up 0.38 percentage points from a year earlier.

Juneyao Airlines announced that its board of directors has approved a repurchase plan, under which the company will use its own funds to repurchase shares through centralized bidding. The total amount will be no less than 400 million yuan and no more than 800 million yuan. The repurchased shares will be used entirely for employee stock ownership plans or equity incentives. The repurchase price will not exceed 15.00 yuan per share, and the repurchase period will be within 12 months from the date of board approval. Based on the lower limit of the repurchase amount and the upper limit of the price, the company expects to repurchase approximately 26.67 million shares, accounting for about 1.23 percent of the total share capital. Based on the upper limit of the repurchase amount and the upper limit of the price, it expects to repurchase approximately 53.33 million shares, accounting for about 2.46 percent of the total share capital. The company stated that this move aims to safeguard the interests of the company and investors, improve the long-term incentive mechanism, and stimulate the enthusiasm of core management personnel and outstanding employees.