All Play Airlines articles
-
NewsIceland’s Play to open public share offering window in April
Icelandic budget carrier Play will aim to raise up to IcKr500 million ($3.6 million) in a public offering next month, to support funding already promised under subscription commitments. The airline will open the offer period on 9 April and it will run to 11 April. Play is prepared to issue ...
-
NewsPlay seeks further investor engagement as largest shareholders commit to extra funding
Icelandic budget carrier Play is to hold talks with other investors after its largest shareholders subscribed to new shares worth IcKr2.58 billion ($18.7 million). The airline, in early February, stated that it was seeking new share capital of IcKr3-4 billion to reinforce its cash position. It has since secured binding ...
-
NewsPlay expects first quarterly profit but full-year loss
Icelandic budget carrier Play is expecting to post its first quarterly profit, having generated a surplus of $12 million for the peak summer months of June-August. The airline is forecasting an operating profit of $10 million and a net profit of $4 million for the third quarter, which runs to ...
-
NewsletterEarly signs of ‘normalisation’ effects at airlines
Many airline leaders continue to argue that although visibility is limited, strong demand and yields are persisting into the northern hemisphere winter months. But there are also significant players highlighting signs of market ‘normalisation’
-
NewsFuel prices prompt Play to row back on full-year profit prediction
Icelandic budget carrier Play is pessimistic about its chances of generating an operating profit this year, owing to the rise in fuel prices. Play had been forecasting a “narrow but positive” operating margin for the full year 2023, and the operating profit for the third quarter has proven “strong” so ...
-
NewsPlay seeks to extract more from ancillaries with ex-Ryanair recruit
Icelandic budget carrier Play is illustrating its stronger focus on ancillary revenues with the recruitment of Ryanair’s former head of ancillary revenues Emilio Chacon Monsant. Play’s first-half ancillary income reached $26.5 million – against $9 million for the same period last year – compared with fare revenues of $74.5 million. ...
-
NewsPlay looks to expand fleet and network as first half exceeds expectations
Icelandic budget airline Play is extending its network to the German hub of Frankfurt later this year, as it turns in an improving first-half performance. Play is to open the Frankfurt service on 14 December, operating the route four to five times weekly over the winter season. Frankfurt will be ...
-
NewsIcelandic carrier Play’s first quarter burdened by ramp-up expenditure
Ramp-up costs for Icelandic budget carrier Play’s summer season affected the airline more heavily than last year. The carrier has disclosed a net loss of $17.2 million for the first quarter of this year, compared with the previous loss figure of $11.2 million. But it says operating losses of $17.7 ...
-
NewsPlay reinforces transatlantic bridge with Amsterdam service
Icelandic budget carrier Play is to extend its European network to Amsterdam over the summer, to reinforce its transatlantic bridge network. The new route, which will open in the first week of June, will bring the carrier’s network up to nearly 40 destinations, two years after it commenced services. Play ...
-
NewsPlay shifting from rapid expansion to ‘surgical’ network tightening: CEO
Icelandic low-cost airline Play’s chief executive, Birgir Jonsson, appears prepared to turn off the seat-belt sign nearly two years after the carrier embarked on its rapid ascent through an uncertain and tempestuous air transport sector.
-
NewsPlay optimistic of full-year profit despite economic uncertainty
Icelandic budget airline Play is expecting positive full-year earnings for 2023, as it prepares to expand its fleet to 10 aircraft and its network to 36 points. Play turned in an operating loss for last year of $44.1 million and a pre-tax loss of $55.5 million, based on revenues of ...
-
NewsPlay picks secondary Toronto airport for first Canada flights
Icelandic low-cost carrier Play will serve its first Canadian destination from June, when it launches service to one of Toronto’s secondary airports.
-
NewsIcelandic carrier Play names new finance chief
Icelandic budget carrier Play has named Olafur Thor Johannesson as its new finance chief, following the decision by Thora Eggertsdottir to step down. Johannesson will take up the position at the beginning of November, the airline states. He previously served as the chief executive of energy firm Skeljung, a post ...
-
NewsIceland’s Play poised to start generating profits later this year
Icelandic budget carrier Play has turned in a first-half net loss of $25.6 million, of which the second quarter accounted for $14.3 million. The airine attributes the interim losses to the carrier’s having yet to achieve economies of scale. Play generated revenues of $42.2 million over the six months to ...
-
InterviewIcelandair chief on Covid recovery, Max jets, 757s, cargo and competition
With the group restructured during the pandemic, Icelandair under Bogi Nils Bogason is emerging as a streamlined, aviation-focused business with a decision ahead on its future fleet
-
NewsIcelandic carrier Play makes US debut with Baltimore service
Icelandic low-cost carrier Play operated its first US flight on 20 April, with a service to Baltimore/Washington International airport.
-
NewsIPO eradicates risk of ‘megalomania fit’ at growing airline: Play chief
The chief executive of Icelandic budget airline Play has explained how last year’s IPO was an important step in taking risk “off the table” for the start-up carrier’s stakeholders following the missteps at defunct compatriot Wow Air.
-
NewsIceland’s Play optimistic of achieving positive second-half earnings
Icelandic low-cost carrier Play expects to start turning in positive earnings in the second half of this year, as its transatlantic network matures. The airline has disclosed a $22.5 million net loss for 2021 – the carrier started services in June last year – on revenues of $16.4 million. It ...
-
NewsIceland’s Play signs for A320neos from Chinese lessor
Icelandic start-up Play has signed for another pair of Airbus A320neo twinjets, sourcing them from Chinese lessor CALC. The airline is set to take delivery of the jets in March next year. It says the A320neo are new and will be delivered directly from Airbus. Hong Kong-based CALC has orders ...
-
NewsPlay firms deal to lease four A320neo family jets from GECAS
Icelandic start-up carrier Play has firmed plans to lease three Airbus A320neos and one A321neo from aircraft lessor GECAS.