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.
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.
In January 2025, PLAY Airlines reported transporting 87,415 passengers, a slight decrease compared to previous months. This decline aligns with an 11% reduction in capacity, resulting from the strategic decision to lease one of its aircraft to GlobalX and to adjust its network to match seasonal demand.
Play Airlines has announced that it will cease its operations to Canada by late April 2025. The last scheduled flight will depart from Hamilton International Airport to the airline’s home base in Reykjavik, Iceland. This marks a strategic shift for the Icelandic low-cost carrier, which has been operating Canadian routes as part of its transatlantic network.
PLAY Airlines, Iceland’s low-cost carrier, has announced the cancellation of several routes in its 2025 schedule. The affected routes include flights from Reykjavik Keflavik to Gothenburg, Hamilton, Palma de Mallorca, and Stockholm Arlanda. This decision reflects the airline’s strategy to optimize its network and focus on routes with higher demand.
Icelandic low-cost carrier PLAY Airlines has entered an agreement with StandardAero to receive performance restoration shop visit (PRSV) services for its LEAP-1A engines, which power PLAY’s A320neo fleet. StandardAero, operating from its specialized facility in San Antonio, Texas, will provide PRSV and MRO support under the CFM Branded Service Agreement. This maintenance partnership enables PLAY…
