What led to Fly Play's decision to cease operations?

Fly Play cited weak financial performance and poor ticket sales as the reasons for ceasing its activities.

How many employees will be affected by Fly Play's closure?

Around 400 employees will lose their jobs due to the cessation of Fly Play's operations.

What happened to Fly Play's stock prices?

The company's shares slid 2.6% in morning trading before being halted, having fallen 55% since the beginning of the year.

Editorial & Advertiser disclosure

Global Banking & Finance Review® is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

Home > Finance > Iceland's Fly Play to cease all flights, 400 staff to lose jobs

Finance

Iceland's Fly Play to cease all flights, 400 staff to lose jobs

Published by Global Banking & Finance Review®

Posted on September 29, 2025

1 min read

Last updated: January 21, 2026

K+S revenue report highlights Q2 revenue miss and sales volume drop - Global Banking & Finance Review — Image illustrating K+S's Q2 financial report, showing a decline in revenue and sales volume due to logistical challenges. Relevant to banking and finance news.

Iceland's Fly Play to cease all flights, 400 staff to lose jobs

Quick Summary

Fly Play Airlines Shuts Down Operations, 400 Employees Affected

Fly Play Airlines Ceases Operations

Impact on Employees

Stock Market Reaction

Key Takeaways

Frequently Asked Questions about Iceland's Fly Play to cease all flights, 400 staff to lose jobs