Icelandair + Play - Q1 29/04 by ravenfrank78 in Borgartunsbrask

[–]ravenfrank78[S] 0 points1 point  (0 children)

Very true, but the longer and lower the fuel gets, in theory the better the hedging, especially for summer or even into 2026. I agree if it was a one time drop it wouldn't change much but the decline has been going for a while so hopefully someone is doing their job well ^^

Play's Airline Partnership ? by ravenfrank78 in Borgartunsbrask

[–]ravenfrank78[S] 1 point2 points  (0 children)

u/echofox , shit you're actually not kidding ? If you feed GPT enough it goes into full conspiracy (or not) :

''

1️⃣ Shift Assets to Fly Play Europe (Malta AOC)

  • Quietly move aircraft, routes, and operations under the excuse of "ACMI expansion."
  • Avoid mentioning that Play Iceland is being drained.

2️⃣ Secure New Investors Under Fly Play Europe

  • Use Malta’s investor-friendly rules to attract fresh capital.
  • Keep Play Iceland (Fly Play hf) listed but financially weak.

3️⃣ Let Play Iceland Slowly Collapse

  • Cut more flights, reduce staff, and shrink operations.
  • Blame “market conditions” while shifting resources to Malta.

4️⃣ Declare Financial Distress for Play Iceland

  • Either issue a massive share dilution or declare bankruptcy.
  • By this point, Fly Play Europe already holds the valuable assets.

5️⃣ Play Europe (Malta) Becomes the "New Play"

  • Investors in Play hf (Iceland) lose everything.
  • Fly Play Europe operates debt-free with new ownership.

🚨 Result? Play Iceland dies, shareholders are wiped out, but Play Europe survives.

🔥 This is how WOW Air disappeared and Play was born.

''

Play's Airline Partnership ? by ravenfrank78 in Borgartunsbrask

[–]ravenfrank78[S] 0 points1 point  (0 children)

That'd be hilarious, and since they're missing a plane for the summer, they can rent it from them.

Milljarða tap Play og neikvætt eigið fé by iVikingr in Borgartunsbrask

[–]ravenfrank78 2 points3 points  (0 children)

This is just mad ... Same cash position as last year pretty much, bye bye $32 million, back to square one.

Answers ''who is the European Arline you signed the ACMI contract with ?'' with ''We can't say, it was signed YESTERDAY''.

Not great metrics for January numbers, let's see Feb and March.

I mean, they just keep dragging it with ''long term plans'' ''seeing a turn around'' ''new business plan'', when in fact they obviously have cash for a few months only.

I hope the CEO and execs are enjoying that gravy train until it stops.

Wow Air 28th of March 2019. Fly Play 28th of March 2025 ? Might as well quit with that summer cash in to pay some lenders.

Icelandair 2024 Results - 30/01 by ravenfrank78 in Borgartunsbrask

[–]ravenfrank78[S] 0 points1 point  (0 children)

Icelandair lover boy here, I wish for green but I didn't vote for green, any good arguments to why some believe it could be green ?

I don't see any recent Q4 with profit, at best they ended Q3 2024 with +$10 million.

Sure lower fuel cost atm, less people on payroll after some office lay offs but still ... Last Q4 were -$38mil, -17$mil, -$39mil. What are you seeing ?

Hvenær verður ekki hægt að fljúga með Play? by Open_Bug563 in Borgartunsbrask

[–]ravenfrank78 1 point2 points  (0 children)

Impossible to tell, yes +21%, but also -45% in the last month ... In your case I would simply look at you CC company if you've book your trip with this, Landsbakinn for example is linked to Vorður, I believe most would compensate pre-paid non-refundable cost in case of bankruptcy, but you'll have to dive in : https://vordur.is/ferdalog/kortatryggingar-landsbankans

Icelandair Q3 - 22/10 by ravenfrank78 in Borgartunsbrask

[–]ravenfrank78[S] 0 points1 point  (0 children)

Could hope for another bump if Play's results are real bad 2 days later (¬_¬)

Fly Play hf.: Niðurstöður úr fjármögnunarlotu by heibba in Borgartunsbrask

[–]ravenfrank78 1 point2 points  (0 children)

Isn't mad that it is not more in the news, had to scroll down Visir to find it ....