PLAY airlines

PLAY airlines

Airlines and Aviation

PLAY is a low-cost Icelandic airline operating flights between Europe and North America

About us

PLAY is an Icelandic low-cost airline offering flights to popular destinations in a cost-efficient manner. Founded in Reykjavík in 2019 by a management team with significant experience in the aviation industry, the company has capitalized on the recent fast-developing and changing market to see impressive growth. PLAY is currently operating flights between Iceland and Europe on new Airbus A320 neo aircraft. In spring 2022, PLAY will start its hub-and-spoke operations and start serving the US market with destinations in North America. At PLAY, safety comes first, with our core principles being on-time performance, simplicity, happiness and low prices. At PLAY we are building a great team with a unique atmosphere. We want to onboard optimistic and powerful people who want to change the course of aviation.

Website
http://www.flyplay.com
Industry
Airlines and Aviation
Company size
501-1,000 employees
Headquarters
Reykjavík
Type
Privately Held
Founded
2019

Locations

Employees at PLAY airlines

Updates

  • PLAY airlines reposted this

    View profile for Jonah Bryson, graphic

    Former Presidential Appointee in Joe Biden’s Administration | Creative Director | Media Consultant

    It was an honor to take on a new challenge and collaborate with PLAY airlines to bring this exclusive story to life in PEOPLE Magazine, showcasing the moving words and breathtaking photography of First Officer Una Gisladottir! "For me, at 35,000 feet, the northern lights serve as a reminder of just how majestic our ‘home’ truly is,” Una writes. With more than 150 million monthly readers, PEOPLE is the largest magazine in the U.S.! Full story here: https://lnkd.in/euuBeDiU Special thanks to Nadine Guðrún Yaghi and Birgir Olgeirsson for trusting me with this vision. I must say, this project is especially personal. A few years ago, Play Airlines made it possible for me to experience the Northern Lights for my very first time—a night etched in my memory forever. With Northern Lights activity peaking this winter, there’s no better place to experience this awe-inspiring phenomenon—and no better airline to get you there! ✈️🇮🇸 #Holidays #Aviation #Iceland #Marketing

    How a Quiet Flight to Iceland 'Became Something Magical' for One Pilot (Exclusive)

    How a Quiet Flight to Iceland 'Became Something Magical' for One Pilot (Exclusive)

    people.com

  • November 2024 Traffic Update November was a solid month for PLAY, with progress across several key areas. Here are some highlights: 🔴 Record Load Factor: 82.4%, the best November in PLAY’s history. 🔴 More Icelandic Passengers: 29,400 Icelandic passengers flew with PLAY in November 2024, up from 28,095 last year. 🔴 Increased Traffic to Iceland: 38,659 passengers traveled to Iceland, compared to 35,059 in November 2023. 🔴 On-Time Performance: Improved to 90.7%, up from 88.9% last year. 🔴 Black Friday Growth: Campaign revenue increased by 10% year-on-year, with strong forward bookings for 2024 and 2025. 🔴 Unit Revenue Growth: November was the third consecutive month of year-on-year improvement. These numbers reflect steady progress as we work to make PLAY the smart choice for affordable, reliable travel. Thank you to our team for their hard work and to our passengers for flying with us. Onward to the busy holiday season. Read more here: https://lnkd.in/ekknuRXD

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  • It‘s the end of our Eero era! ✈️ Yesterday marked captain Eero Manneramaa’s last day with us at PLAY when he landed safely in retirement. This absolute legend took off on an ATR 42 in 1989 for Finnair and landed a new Airbus A320neo yesterday with over 20,000 hours under his belt! We are so very grateful for our time together, pretty bummed that it has come to an end, but while this marks the end of our Eero era, we have a feeling Eero’s beginning an even more playful era.

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  • We just published our Traffic Report for October 2024. Here are the main highlights: Record Load Factor: Achieved our highest-ever October load factor at 85.3%, reflecting strong demand and effective capacity management. Unit Revenue Growth: Positive year-on-year unit revenue growth for the second consecutive month, demonstrating the impact of our strategic focus on key destinations. Growth in Our Local Market: Increased passengers flying from Iceland by 5%, reinforcing our commitment to serving and expanding our local market. Outstanding On-Time Performance: Reached 91.4% on-time performance, making PLAY the most punctual major airline at Keflavík International Airport. Huge thanks to our dedicated PLAY team for their hard work in delivering safe, reliable travel experiences! You can read more here: https://lnkd.in/ecHkN9vx

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  • Flugfélagið PLAY hefur styrkt Björgunarsveit Hafnarfjarðar með því að kaupa Neyðarkallinn. Björgunarsveit Hafnarfjarðar gegnir lykilhlutverki í viðbragðsáætlun vegna flugslysa og því skiptir það miklu máli fyrir flugfélag að starf þeirrar sveitar sé öflugt. Þetta er lítið framlag en við hvetjum alla til að styðja björgunarsveitir landsins sem treysta á fjárstuðning til að geta haldið áfram sínu ómetanlega starfi við að tryggja öryggi á landi, sjó og í lofti. Það var Telma Rut Einarsdóttir, úr Björgunarsveit Hafnarfjarðar og flugliði hjá PLAY, sem afhenti Einar Erni Ólafssyni, forstjóra PLAY, Neyðarkallinn. 

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  • Do you dream of being a PLAY pilot? You’re not alone. We get a lot of applications for our pilot positions, but if you’re a PLAY pilot to be, why not get your foot in the door and apply for one of our many other positions at PLAY headquarters? Get behind the scenes on how we run an airline and become the best informed pilot PLAY has ever seen. Below is Andri's story on how he landed his dream job in the cockpit: "My journey to becoming a pilot at PLAY took a unique path, and it’s one I’m incredibly grateful for. Before I stepped into the cockpit, I had the chance to work as a flight dispatcher, and I think it made all the difference! Working in a different position gave me a deep understanding of PLAY’s operations and culture, which has been invaluable as a pilot. I learned how each department works together to make every flight a success, gaining a broader perspective of the aviation world beyond the cockpit. If you’re dreaming of becoming a pilot, I highly recommend starting in another role at PLAY first. It helps you build connections, develop skills, and understand the ins and outs of the company—all of which will make you a stronger, more well-rounded pilot when the time comes." Apply for our available positions here: https://lnkd.in/em7ZN9dK

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  • Q3 results published today. - PLAY airlines carried 521 thousand passengers in Q3 2024 and the load factor was 89%. - On-time performance reached 89%, improving from 85% last year, making PLAY the most punctual airline at Keflavík International Airport. - PLAY turned a USD 3.5 million profit in Q3 2024. - Load factor increased and ancillary yield remained stable in Q3, however, ASK decreased by 5%, and airfare yield fell by 9% due to the challenging transatlantic market. As a result, total revenue for Q3 decreased from USD 110.2 million to USD 100.5 million, or 8.8%. - Cash position improved slightly to USD 39.8 million, with a USD 0.6 million year-on-year increase. Lease payments on PLAY’s aircraft are now set up in such a way that they are higher during the summer months and lower during winter. The effect is a USD 4.3 million lower payments for the winter 2024/2025 compared to last winter. - CASK stayed at 5.3 US cents, with CASK ex-fuel rising to 3.5 cents from 3.4 cents due to capacity changes and personnel costs. - EBIT was USD 9.6 million, USD 3.7 million lower than Q3 2023, affected by increased capacity and competition in the transatlantic market. - PLAY’s EBIT for the full year 2024 is now expected to fall below last year's results. The increase in capacity across the Atlantic in spring and summer 2024 had a greater negative impact than anticipated. - PLAY is implementing a major change to its business model. PLAY will scale down its loss-making hub-and-spoke operations and focus on its profit-making point-to-point leisure network, from Iceland to Southern Europe, North Africa and Asia. - At the same time the airline is expanding into charter/ACMI operations. - A full transition to the new business model is expected to take place over the next 12-18 months. After the changes, leisure travel will be around 35%, up from 25% of PLAY’s business, charter/ACMI operations will be around 35% and the hub-and-spoke network will be around 30%, down from 75%. - The airline’s financial position remains secure and stronger than at the same time last year. However, PLAY will consider getting additional capital this coming winter or spring in connection with a modified business model and its new AOC. Read full Q3 report for 2024 here: https://lnkd.in/e9xDPPSM

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Similar pages

Funding

PLAY airlines 4 total rounds

Last Round

Post IPO equity

US$ 32.1M

See more info on crunchbase