STOCKS | Juneyao Air Expects Third-Quarter Gross Margin to Improve Sharply From Second Quarter

According to Jin10, Juneyao Air said at its 2026 interim results briefing on September 9 that its second-quarter gross margin was negative, mainly because jet fuel prices rose more than expected, and it expects third-quarter gross margin to improve significantly from the second quarter as the domestic average jet fuel procurement price has fallen from this year's high, summer travel demand has been released, and passenger load factor has increased year on year.