Brief: Fly Play August Load Factor At 88.9%
07/09/2023 09:46
Sept 7 (Reuters) - Fly Play hf PLAY.IC :
* 89% LOAD FACTOR, 185,000 PASSENGERS AND TWO NEW AIRCRAFT
CONFIRMED
* LOAD FACTOR IN AUGUST 2023 WAS 88.9%, COMPARED TO 86.9%
LOAD
FACTOR IN AUGUST 2022
* PLAY CARRIED 184,926 PASSENGERS IN AUGUST, WHICH IS A 70%
INCREASE FROM AUGUST 2022 WHEN PLAY CARRIED 108,622 PASSENGERS
* OPERATIONAL PROFIT (EBIT) FOR Q3 HAS SO FAR BEEN STRONG,
AND
AIRLINE IS EXPERIENCING A MUCH STRONGER FINANCIAL PERFORMANCE
COMPARED TO SAME QUARTER LAST YEAR OR, INDEED, PREVIOUS QUARTER
THIS YEAR
* IT IS NOW CLEAR THAT THIS VERY SIGNIFICANT PRICE INCREASE,
TOGETHER WITH GENERAL PRICE INCREASES DUE TO INFLATION, IS
LIKELY TO HAVE A NEGATIVE IMPACT ON FINANCIAL RESULTS THIS YEAR
* PLAY CAN, THEREFORE, NO LONGER ASSUME THAT IT WILL DELIVER
A
POSITIVE OPERATIONAL RESULT (EBIT) AS PREVIOUSLY STATED
* FINANCIAL TURNAROUND FROM LAST YEAR WILL BE VERY
SIGNIFICANT AND
CASH POSITION OF AIRLINE WILL BE HEALTHY AT YEAR-END
* AVERAGE ANCILLARY REVENUE CONTINUES TO RISE FOR PLAY,
BEING 33%
HIGHER IN AUGUST 2023 COMPARED TO AUGUST 2022, AND TREND IS
LOOKING ROBUST FOR COMING MONTHS
* AUGUST ASK 620.8 MILLION
* AUGUST RPK 552.1 MILLION
* WE HAVE NOW CONFIRMED TWO BRAND-NEW A320NEO AIRCRAFT,
WHICH WILL
JOIN OUR FLEET IN 2025, AS WELL AS BEING IN NEGOTIATIONS FOR
FURTHER CAPACITY INCREASES IN NEAR FUTURE
Source text for Eikon: ID:nGNE8Vd4Y4
Further company coverage: PLAY.IC
(Gdansk Newsroom)
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