FLY PLAY HF

75% Load Factor, 42% increase in passenger numbers and demand picking up

75% Load Factor, 42% increase in passenger numbers and demand picking up

75% Load Factor, 42% increase in passenger numbers and demand picking up



PLAY airlines carried 107,236 passengers in November, which is a 42% increase from November 2022 when PLAY carried 75,396 passengers. The load factor in November 2023 was 74.5%, down from 79% last year. This decline in load factor is a direct result of the seismic activity in the Reykjanes Peninsula and resulting global news coverage of a possible volcanic eruption that could disrupt aviation. This situation impacted last-minute bookings in the month. PLAY had an on-time performance of 88.9% in November 2023.

Despite the decline in load factor in November we continued to see year-on-year growth in our unit revenue (RASK), even with a 54% growth in available seat kilometers (ASK).Average ancillary revenue continues to rise for PLAY, being 30% higher in November 2023 compared to November 2022, and the trend is looking strong for the coming months. Of all passengers flying with PLAY in November 2023, 26.2% were departing from Iceland, 32.7% were traveling to Iceland, and 41.2% were connecting passengers (VIA).

PLAY has carried 1.4 million passengers year to date with an average load factor of 84%. Of all passengers flying with PLAY so far in 2023, 26.9% were departing from Iceland, 32.6% were flying to Iceland and 40.5% were connecting passengers (VIA).

Record sales day in November

After experiencing a negative impact on demand due to seismic activity in the Reykjanes Peninsula in Iceland, PLAY had a record sales day in the last week of November. The record came after the news coverage linked to the seismic activity had slowed down and during historically big sales days associated with Black Friday, Cyber Monday and Travel Tuesday. This is a definite sign that demand has picked up after the situation in Reykjanes, but the events are still expected to have  further short-term impact on the airline.

Birgir Jonsson CEO:

In November, we saw our load factor being impacted by the awesome forces of nature here in Iceland when seismic activity, earthquakes, and the possibility of a volcanic eruption captured headlines around the world. The town of Grindavík was evacuated on short notice, and the nearby Blue Lagoon, Iceland’s most popular tourist destination, was and still is, temporarily closed due to this uncertainty. The demand for air travel, and specifically for Iceland as a tourist destination, was subsequently reduced in the short term. This temporary cooldown of demand can be felt in our load factor data for the month of November and it’s clear that the same will apply for December as well. In recent days, we have seen the demand returning to the market, which is very positive and reassuring for the coming months but a little too late for the short-term travel season, before Christmas and in the new year. Iceland, however, is still very much open for tourists, and there has been no disruption of aviation at all. Now it looks like the situation has become more stable, and we at PLAY wish the very best for the people of the small town of Grindavík, where many of our colleagues and friends live, and we hope that they can return to their homes and normal lives as soon as possible. I wish to thank the fantastic team of Players for their efforts and how they have reacted to this challenging scenario in the last few weeks. I’m always so proud to see the level of professionalism and dedication that our teams possess.



Attachment



EN
07/12/2023

Reports on FLY PLAY HF

 PRESS RELEASE

Fly Play hf.: Approved Resolutions from Shareholders’ Meeting

Fly Play hf.: Approved Resolutions from Shareholders’ Meeting The Shareholder Meeting of Fly Play hf. (the “Company”) was held on Friday 15 August 2025 at 16:00 (GMT) at the Company’s offices at Suðurlandsbraut 14, 108 Reykjavík. Attached are the proposals of the Board of Directors that were approved at the shareholders meeting. Attachment

 PRESS RELEASE

Fly Play hf.: Niðurstöður hluthafafundar

Fly Play hf.: Niðurstöður hluthafafundar Hluthafafundur Fly Play hf. („Félagið“) var haldinn föstudaginn 15. ágúst 2025 kl. 16:00 (GMT) á skrifstofu félagsins að Suðurlandsbraut 14, 108 Reykjavík. Meðfylgjandi eru tillögur stjórnar sem voru samþykktar á hluthafafundinum. Viðhengi

 PRESS RELEASE

Fly Play hf.: Final Agenda and Board Proposals for the Shareholders’ M...

Fly Play hf.: Final Agenda and Board Proposals for the Shareholders’ Meeting Attached is the final agenda and the Board’s proposals for the shareholders’ meeting of Fly Play hf. to be held on August 15. Attachment

 PRESS RELEASE

Fly Play hf.: Endanleg dagskrá og tillögur stjórnar vegna hluthafafund...

Fly Play hf.: Endanleg dagskrá og tillögur stjórnar vegna hluthafafundar Hjálagt er endanleg dagskrá og tillögur stjórnar vegna hluthafafundar Fly Play hf. 15. ágúst næstkomandi.   Viðhengi

 PRESS RELEASE

Fly Play hf.: Financial Results Q2 2025

Fly Play hf.: Financial Results Q2 2025 Fly Play hf.: Financial Results Q2 2025 Business plan on track by focusing on leisure routes, profit-driven network planning, and securing long-term ACMI agreements. Strong operations in Q2, with higher TRASK and lower adjusted CASK, though adverse FX movements and maintenance delay costs impacted results. Cash at the end of Q2 stood at USD 11.9 million, including restricted cash. PLAY has secured subscription commitments totalling USD 20 million (ISK 2.4 billion), expected to be finalised by mid-August, strengthening the company’s financial p...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch