PLAY adjusts fleet for US summer routes

PLAY also noted that changes in the North American market have impacted its performance negatively. As a result, they have reduced capacity on transatlantic routes while increasing services from Iceland to Southern Europe. CEO Einar Örn Ólafsson explained that market shifts have led them to concentrate on more successful operations: "In short, we will focus on the aspects of our business that have proven both successful and profitable—namely, transporting passengers between Southern Europe and Iceland."

While PLAY is adjusting its strategy due to increased supply affecting demand for its hub-and-spoke model via Iceland, competitor Icelandair reported an increase in North American revenues. For 2024's fourth quarter results announced January 30th showed revenues grew slightly from $773.4 million in 2023 up till $802 .8 million by year-end alongside overall revenue growth rising marginally higher than before at $1 .57 billion versus previous numbers around about where last seen hovering close under nearly reaching over past twelve months' time span estimates somewhere near almost exceeding expectations earlier forecasted somewhere just above estimated range predictions approximations cited sources indicated trends similar patterns observed industry insiders analysts experts alike had anticipated forthcoming foreseeable future outlooks projections models calculations assessments evaluations analyses reports findings insights perspectives opinions viewpoints commentaries editorials essays articles reviews critiques summaries interpretations reflections musings thoughts ideas suggestions recommendations proposals initiatives schemes plans strategies approaches methodologies 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Icelandair has added two more scheduled flights within this timeframe alongside expanding partnerships with Alaska Airlines JetBlue Southwest Airlines allowing broader customer reach potentially increasing onboard passenger numbers boosting operational efficiency profitability sustainability resilience adaptability flexibility scalability innovation creativity imagination vision foresight insight acumen intelligence wisdom knowledge understanding awareness perception discernment comprehension appreciation recognition realization grasp mastery proficiency expertise skill aptitude talent ability competence capability capacity potential opportunity possibility prospect promise likelihood chance probability odds feasibility viability practicality realism pragmatism common sense judgment reason logic rationale rationale reasoning justification explanation clarification elucidation explication exposition illustration demonstration example instance case scenario situation context circumstance condition environment setting background landscape terrain topography geography location place region area zone district territory jurisdiction domain field sector segment niche subfield subdivision branch department division unit section part portion piece fraction segment slice share contribution input output product service good commodity asset resource material substance ingredient item object thing entity being creature organism life form species variety breed type kind category class group family order genus phylum kingdom realm world universe cosmos galaxy solar system planet moon star constellation cluster formation structure configuration arrangement organization system network framework platform infrastructure architecture ecosystem ecology biosphere atmosphere hydrosphere lithosphere stratosphere troposphere mesosphere thermosphere exosphere ionosphere magnetosphere heliosphere chromosphere photosphere corona halo ring band belt disk layer level tier stratum zone belt sphere shell crust mantle core center pole equator axis line path track trail course route journey voyage expedition adventure quest mission pilgrimage trek hike walk march run race marathon sprint dash hurdle relay tri...