Juneyao Airlines (603885) Q3 2026 earnings summary

Executive summary

• Q3 2026 revenue was RMB 6.773bn, up 5.61% YoY, while attributable net income fell 69.66% to RMB 177.2m as higher jet fuel prices drove core operating costs higher.

• 9M revenue rose 7.86% YoY to RMB 18.854bn; attributable net income declined 69.94% to RMB 327.5m.

Financial highlights

• Q3 total profit was RMB 230.6m, down 70.40% YoY; 9M total profit was RMB 427.3m, down 70.76%.

• Q3 adjusted attributable net income, excluding non-recurring items, was RMB 165.7m, down 70.85%; 9M adjusted income was RMB 235.1m, down 75.91%.

• 9M operating cash flow increased 27.37% YoY to RMB 6.922bn.

Key financial ratios and metrics

• Q3 basic and diluted EPS were RMB 0.08, each down 70.37% YoY; 9M EPS was RMB 0.15, down 70.00%.

• Weighted average ROE was 2.17% for Q3, down 3.98 percentage points YoY, and 3.23% for 9M, down 8.40 points.

• Total assets at Sep. 30 were RMB 54.909bn, up 5.09% from year-end 2025; attributable shareholders’ equity was RMB 7.578bn, down 37.60%.