GlobeNewswire by notified

Fly Play hf.: 83% Load Factor and a 68% growth in passenger numbers


83% Load Factor and a 68% growth in passenger numbers

PLAY carried 154,479 passengers in October, which is a 68% increase from October 2022 when PLAY carried 91,940 passengers. The load factor in October 2023 was 83%, compared to 81.9% load factor in October 2022. PLAY had an on-time performance of 85.8% in October 2023.

Of all passengers flying with PLAY in October 2023, 28.4% were departing from Iceland, 33.9% were traveling to Iceland, and 37.6% were connecting passengers (VIA).

10 of PLAY’s destinations had a load factor of more than 90%, 2 of which (London and Porto) had an impressive load factor of over 95%.

Average ancillary revenue continues to rise for PLAY, being 20% higher in October 2023 compared to October 2022, and the trend is looking strong for the coming months.

PLAY has carried 1.3 million passengers year to date. The load factor year to date is 84.9%. Of all passengers flying with PLAY year to date, 27% were departing from Iceland, 32.6% were flying to Iceland and 40.3% were connecting passengers (VIA).

New ancillary products

PLAY has introduced Space seats which are aisle or window seats with more legroom on selected flights at the front of the plane without a neighbor. The middle seat is blocked with a comfortable side table. This reduces capacity in the low season to 200 seats per Airbus A321neo aircraft instead of 214 seats and therefore reduces cost as fewer crew members are needed. The product increases ancillary revenue and is easy to remove when seasonal demand returns.

5.2 million USD profit in Q3

PLAY turned a USD 5.2 million profit in the 3rd quarter of 2023 compared to net loss of USD 2.9 million in Q3 2022. Earnings before interest and taxes (EBIT) in Q3 increased almost tenfold from USD 1.3 million in Q3 2022 to USD 12.9 million in Q3 2023. The third quarter showed ongoing growth in ancillary revenue with 150% growth year-to-date compared to 2022. Ancillary yields per passenger have grown 35% year on year.  In Q3, PLAY broke its previous record for number of passengers carried in one month in July with 191,577 passengers and a load factor of 91.1%.

Birgir Jonsson CEO:

October delivered a very acceptable load factor of 83%, up from 82% last year, while the number of passengers grew by 68% from last year to 154,000 and PLAY had an impressive on-time performance of 85.8%. 

 October marks the end of the official summer season and the change over to the network’s winter schedule. Demand from the USA for flights to Europe has been very strong this year, with prices and yields high compared to last year. We continue to see growth in average yields and ancillary revenue across our network. We see a relatively healthy booking flow and status in most markets for the winter but are noticing a slight softness in demand due to seasonality as well as the current challenging economic situation in the world. We are, however, prepared for this situation and will use the flexibility of our business model to fine-tune our capacity in line with the demand in the markets as we have done before with good results. The PLAY team is ready for the coming winter months and will meet the dynamic changes in the market as well as challenging weather-related winter operations in a professional manner and with a big smile on our faces.


To view this piece of content from, please give your consent at the top of this page.
To view this piece of content from, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Challenging conditions to persist, but expectation of clearer rate outlook and tightening bid-ask spreads on the horizon29.11.2023 01:00:00 CET | Press release

Industrial & logistics, multifamily, and office remain top picks for 2024 with investors deploying new strategies in each sector LONDON and TORONTO, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The 2024 Global Investor Outlook released by Colliers (NASDAQ and TSX: CIGI) today reveals that challenging market conditions will persist into 2024, though expectations of a clearer rate outlook and tightening bid-ask spreads are on the horizon. Lower investment activity has constrained pricing discovery due to limited data points. As investors continue to seek stability in policy environments, industrial & logistics (I&L), multifamily and office sectors largely remain their top picks in the upcoming year. Pockets of opportunity are continuing to emerge as distress forces companies to unlock capital via sale and leasebacks, and property funds face redemption pressures. Furthermore, a record proportion (25%) of investors surveyed have ESG-based disposal and acquisition strategies in place – up from 10% jus

Nyxoah Strengthens its Executive Leadership Team28.11.2023 22:30:00 CET | Press release

Nyxoah Strengthens its Executive Leadership Team Francis Kim appointed as Chief Regulatory and Quality Officer Mont-Saint-Guibert, Belgium – November 28, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the appointment of Francis Kim as Chief Regulatory and Quality Officer. Francis will be leading Nyxoah’s Global Regulatory and Quality departments. Francis is a highly experienced global regulatory and quality executive in the healthcare industry, having spent more than 25 years in the medical device and life sciences sector. Francis has led Regulatory and Quality departments at Medtronic, Philips, and other companies, including introducing several innovative products and therapies to the market. “Nyxoah is entering the most exciting time in the Company’s history, with data fro

Alvotech Reports Financial Results for First Nine Months of 2023 and Provides Business Update28.11.2023 22:15:00 CET | Press release

Product revenue for the nine months of 2023 increased to $29.8 million, compared to $11.1 million for the same period in 2022Marketing authorization was received for AVT04 in Canada and Japan, the first for a biosimilar to Stelara® (ustekinumab)The European Medicines Agency proposed market authorization for AVT04 in the 30 member states of the European Economic Area, pending a final decision by the European CommissionApprovability of AVT02 and AVT04 in the U.S. now pending satisfactory US Food and Drug Administration (FDA) inspection of Alvotech’s facility in Iceland, currently expected on January 10 – 19, 2024Management will conduct a business update conference call and live webcast on Thursday November 29, 2023, at 8:00 am ET (13:00 pm GMT) Alvotech (NASDAQ: ALVO, or the “Company”), a global biotech company specializing in the development and manufacture of biosimilar medicines for patients worldwide, today reported unaudited financial results for the first nine months of 2023 and pr

RÄTTELSE: Saknad MAR-etikett i tidigare pressmeddelande – ”Anoto ingår ett avtal för 1,1 miljoner USD avseende försäljning av pennor och treåriga mjukvarulicenser med Deutsche Telekom”28.11.2023 19:15:00 CET | Pressemelding

Anoto Group AB (publ) utfärdar en rättelse av pressmeddelandet som publicerades tidigare idag. Rättelsen avser att pressmeddelandet saknade MAR-etikett med hänvisning till EU:s marknadsmissbruksförordning (MAR). Följande information skulle ha varit med i pressmeddelandet: ”Denna information är sådan information som Anoto Group AB (publ) är skyldigt att offentliggöra enligt EU:s marknadsmissbruksförordning. Informationen lämnades genom ovanstående kontaktpersons försorg för offentliggörande den 28 november 2023, kl. 08:00 CEST.” Nedan publiceras det korrekta pressmeddelandet i sin helhet. Stockholm den 28 november 2023 – Anoto Group AB (publ) ("Anoto" eller "Bolaget") meddelar idag att bolaget har tecknat ett upphandlingsavtal som avser försäljning av nya pennor, samt ett treårigt mjukvarulicensavtal med Deutsche Telekom AG (”Deutsche Telekom”). Deutsche Telekom är en av de äldsta kunderna inom Anotos affärssegment Forms och avtalet innebär att ramverket inom vilket Anoto och Deutsche T

CORRECTION: Missing MAR label in previous press release – “Anoto enters into a USD 1.1 million agreement for the sale of pens and three-year software licenses with Deutsche Telekom”28.11.2023 19:15:00 CET | Press release

Anoto Group AB (publ) issues a correction to the press release published earlier today. The correction refers to the fact that the press release lacked a MAR label with reference to the EU Market Abuse Regulation (MAR). The following information should have been included in the press release: ”This information constitutes inside information as Anoto Group AB (publ) is obliged to disclose under the EU Market Abuse Regulation 596/2014. The information was provided by the contact person above for publication 28 November 2023, at 08:00 CEST.” The correct press release is published in its entirety below. Stockholm, 28 November 2023 – Anoto Group AB (publ) ("Anoto" or the "Company") today announces that it has signed a procurement agreement relating to the sale of new pens, plus a new three-year software licensing agreement with Deutsche Telekom AG (“Deutsche Telekom”). Deutsche Telekom is one of the oldest customers of Anoto’s Forms business and this agreement means that the framework withi