Juneyao Airlines' high P/S ratio is likely due to strong revenue performance expectations. Analysts' superior revenue forecasts and investors' belief in remote chances of revenue decline justify the high P/S ratio. The share price is unlikely to fall significantly soon.

I.2023 Travel Tourism New Trends
Since December 2022, along with the cancellation of PCR testing and allowing test positive to quarantine at home, domestic travel restrictions have now been fully liberalized. In the future, immigration is not ruled out and will gradually liberalize.
Concerning domestic travel trends, the data from Mafengwo shows that in 2021, about 70% of free-traveling users will choose to travel by car after heavy t...