PLAY Europe, the Maltese branch of Icelandic low-cost airline PLAY, has expanded its fleet with the delivery of an Airbus A321neo, serial number 7939, under a lease agreement. The aircraft is powered by LEAP-1A32 engines supplied by CFM International, enhancing the carrier’s fuel efficiency and range capabilities.
Fly Play, the Icelandic low-cost airline, has received a voluntary takeover proposal from BBL 212, a newly formed Icelandic investment group. This group is spearheaded by Einar Orn Olafsson, currently the CEO of PLAY, and Elias Skili Skulason, the airline’s Vice Chairman. The proposed acquisition would see BBL 212 acquire 100% of Fly Play’s shares, reflecting a significant internal consolidation effort to reposition…
My Freighter and Icelandair Cargo have signed an interline agreement that aims to establish a new cargo gateway through Iceland, offering expanded connectivity for global freight services. This agreement marks a strategic milestone for both airlines as they seek to enhance their international cargo operations and strengthen their positions in a competitive market.
Icelandair has added a new A321neo aircraft, serial 12452, to its fleet under a lease arrangement. This aircraft is powered by PW1133G-JM engines, produced by Pratt & Whitney, offering superior fuel efficiency and lower emissions compared to older narrowbody aircraft in the airline’s fleet.
Avion Express, a leading Lithuanian ACMI and charter operator, has entered into a strategic partnership with PLAY, the low-cost Icelandic airline, for the summer 2025 season. This collaboration signals PLAY’s intent to scale up seasonal capacity while leveraging Avion Express’s operational flexibility and aircraft availability. Although specific terms and fleet assignments have not been publicly disclosed, the…
PLAY Airlines, the Iceland-based low-cost carrier, has reported a net loss of US$26.8 million for the first quarter of 2025, as operating revenues declined 8%, totaling US$46.4 million. The carrier ended the quarter with a cash position of US$21.1 million, reflecting tighter financial conditions amidst softer demand.
Icelandair has disclosed its financial performance for the first quarter of 2025, recording a net loss of US$44 million, despite an 11% increase in total revenues to US$286 million. The airline’s liquidity remained solid at US$510 million, providing a stable financial foundation moving forward.
Icelandair has released its March 2025 traffic results, showing solid year-over-year growth across key performance indicators as the carrier continues to rebound in both passenger demand and operational output.
Play Airlines, the low-cost carrier based in Iceland, has accepted a settlement offer from the Financial Supervisory Authority (FME) relating to issues around the disclosure of its lower revenue generation in 2022. As part of the settlement, the airline has agreed to pay a fine of US$120,800.
PLAY (Iceland) reported carrying 98,863 passengers in December 2024, reflecting an 18% year-on-year reduction. Despite the decline in passenger numbers, the airline achieved a load factor (LF) of 78.9%, marking an improvement of 2.7 percentage points compared to the same period last year.
