JUNEYAOAIR(SH:603885) Xin Lang Cai Jing·2025-08-22 12:40Core Viewpoint - The company achieved slight revenue and profit growth in the first half of the year, supported by significant growth in international routes, but faces considerable operational pressure in the second half due to intense competition in the domestic market [1][2]. Group 1: Financial Performance - In the first half of the year, the company reported operating revenue of 11.067 billion yuan, a year-on-year increase of 1.02% [1]. - The net profit attributable to shareholders was 505 million yuan, reflecting a year-on-year growth of 3.29% [1]. Group 2: Operational Data - The company experienced an 11.43% decrease in domestic route capacity, while international route capacity increased by nearly 80% [1]. - Revenue passenger kilometers for domestic routes fell by 7.9%, whereas international routes saw an increase of 68.33% [1]. - The passenger load factor improved across domestic, international, and regional routes, with increases of 1.78, 1.3, and 3.98 percentage points, respectively [1]. Group 3: Route Expansion and Strategy - In the first half of the year, the company operated 12,370 international and regional flights, covering 28 international destinations, including 7 intercontinental routes [1]. - For the summer peak season, the company plans to execute approximately 24,000 domestic and international flights, with over 4,150 international flights, marking a nearly 4% increase compared to the same period in 2024 [2]. - The company is focusing on the popular Japan and South Korea markets, planning over 2,200 flights, which represents a year-on-year increase of over 19% [2].