Play Airlines has abruptly ceased operations, leaving many passengers stranded and marking the second low-cost airline failure in Iceland in just six years. Founded in 2021, this sudden collapse raises concerns about the stability of budget travel options in the region and the impact on travelers who relied on affordable flights.

The recent shutdown of Icelandic low-cost carrier Fly Play hf. has left thousands of passengers stranded and hundreds of employees without jobs. This closure, attributed to poor ticket sales and an unsuccessful turnaround strategy, highlights the challenges faced by budget airlines in a competitive market. It serves as a reminder of the volatility in the aviation industry, especially for carriers that struggle to maintain profitability.