07 May, 2024
Another top level change at PLAY
30 April, 2024
Ólafur Þór, Chief of Finance at PLAY resigns
26 April, 2024
PLAY has expanded its fleet to include 10 aircraft from the Airbus as load factor increases..
Latest Results
- PLAY airlines revenues increased by 66% between years, from USD 33 million in Q1 in 2023 to USD 54 million in Q1 2024 despite capacity increase of 63%
- PLAY’s cash position was USD 17.1 million at the end of Q1. PLAY has since received USD 32 million following a share capital increase and will go into the summer season with a healthy cash position. Uplisting to Nasdaq Iceland Main Market is in process as planned.
- PLAY carried 349 thousand passengers in Q1 2024, which is a 64% increase from Q1 2023.
- The load factor increased at the same time, from 78.4% in Q1 2023 to 81.8% in Q1 2024.
- Q1 was operationally successful with an on-time performance of 87.8%, which is a considerably better performance than with the airline’s main competitor.
- Earnings before interest and taxes (EBIT) in Q1 were negative USD 20.4 million. EBIT was negatively impacted by inaccurate news coverage of seismic activities in the Reykjanes Peninsula.
- Total revenue per available seat kilometer (TRASK) was 4.2 US cents, same as during Q1 2023.
- Cost per available seat kilometer (CASK) was 5.9 US cents in Q1 2024, which is 8% less than in Q1 2023 mainly due to favorable trends in ETS prices impacting fuel expenses positively.
- CASK ex-fuel is down 4.2% YoY and was 4.3 US cents.
- Yield was USD 151 driven by strong ancillary revenue per passenger of USD 50.
16 April, 2024
Sigurður Örn named as Chief of Business Development of PLAY
09 April, 2024
Fly Play sees a 65% increase in passenger numbers.
Two new destinations
18 March, 2024
Icelandic budget airline PLAY picks new CEO
12 February, 2024
PLAY carried 1.5 million passengers during 2023
PLAY carried 1.5 million passengers in the full year of 2023
PLAY operated ten aircraft at the end of 2023 compared to six aircraft at the end of 2022.
1.5 million passengers and world class on-time performance
07 February, 2024
PLAY Passenger numbers grew by 61% in January
New destination, the launch of Stopover and Europe’s youngest fleet
21 January, 2024
PLAY Announces 15% Off Flights to Europe For Brave Browser Bookings
The beginning of the year is a classic time for travellers to dream about where 2024 will take them. Travelers who act fast can turn their talk into action, and view 2024 from the London Eye, or from the Canals of Amsterdam! PLAY’s deal is valid on flights booked from January through May or September through December. This means travellers can select the best time for their travel, whether they prefer the lighter crowds of shoulder season or planning out a trip for December 2024. No matter the dream destination, PLAY's convenient daily flights from Boston, New York, and Washington D.C. paired with the 15% off deal to 11 destinations can take travellers where they want to go.
PLAY brings a no-frills approach to travellers looking to strategically select where they spend their budget, so they have extra funds to spend on things that make a trip memorable, like the delicious cuisines of Paris, an Irish knit scarf from Dublin, or a spa day in Iceland. By offering a relaxed, simple, and streamlined approach to service with reliable flights and a helpful cabin crew, travellers will enjoy a comfortable flight experience for a fraction of the price.
“Data shows that travellers sought new and unusual reasons to travel in 2023 - such as romantic getaways and special events, with international travel expected to continue to rise. We’re predicting an increase in experiential travel in 2024, and believe these demands provide a great opportunity for low-cost airlines like PLAY to accommodate trips for any budget. This deal is the perfect excuse for travellers to stop speaking hypothetically about the trip, be spontaneous, and book it!” said PLAY CEO Birgir Jónsson.
09 January, 2024
1.5 million passengers in 2023 for PLAY
Ancillary revenue rising and forward bookings looking strong
08 December, 2023
PLAY reports that 75% load factor, 42% increase in passenger numbers and demand picking up
06 December, 2023
PLAY puts on seasonal sale....
29 November, 2023
PLAY warns seismic activity is impacting short-term demand.
10 October, 2023
Budget airline PLAY records 85% load Factor with 164,000 passengers travelling with the carrier in September.
85% Load Factor, 164,000 passengers & PLAY Cabin Crew wins USA Today Readers´ Choice Award
PLAY Wins USA Today 10Best Readers’ Choice Award
PLAY Delivers a USD 12 million profit in Summer 2023
30 September, 2023
PLAY delivers a USD 12 million profit in summer 2023
PLAY Airlines turned a USD 12 million profit over the summer months of 2023. This was revealed at the company's market update meeting during the week, where key operating figures were reviewed. It is the first time the company has reported profit from operations after tax at the end of the summer season. It shows that PLAY is a profitable company for the summer and that its business model is working well.