Published by Global Banking & Finance Review®
Posted on September 29, 2025
1 min readLast updated: January 21, 2026
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Fly Play Airlines is shutting down, impacting 400 employees due to financial struggles and low ticket sales. The company's stock dropped 2.6% before trading was halted.
(Reuters) -Fly Play will cease its activities in a move that will hit around 400 employees, the Icelandic airline said on Monday, citing the impact from its weak financial performance and poor ticket sales.
All of the company's flights have been canceled, the company said, adding that it will engage in talks with workers and authorities to wind down its operations
The company's shares slid 2.6% in morning trading on the OMX Iceland stock exchange before trading in the stock was halted. Shares in Fly Play had fallen 55% from the beginning of the year.
(Reporting by Boleslaw Lasocki in Gdansk; Editing by Matt Scuffham)
Fly Play cited weak financial performance and poor ticket sales as the reasons for ceasing its activities.
Around 400 employees will lose their jobs due to the cessation of Fly Play's operations.
The company's shares slid 2.6% in morning trading before being halted, having fallen 55% since the beginning of the year.
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