Brief: Fly Play Q3 EBIT At $1.3 Mln, Not To Reach Target Of Positive EBIT In H2
03/11/2022 15:40
Nov 3 (Reuters) - Fly Play hf PLAY.IC :
* OPERATING PROFIT FOR THE FIRST TIME FOR PLAY IN Q3 - Q3 EBIT AT $1.3 MLN
* CARRIED AROUND 311 THOUSAND PASSENGERS IN Q3 AND ANTICIPATES AROUND 800 THOUSAND
PASSENGERS THIS
YEAR
* REVENUES IN QUARTER WERE USD 59.9 MILLION COMPARED TO USD 32.5 MILLION IN Q2
* IN 2023 PLAY FORECASTS 1.5 TO 1.7 MILLION PASSENGERS WITH A TURNOVER OF 310 TO 330M USD
AND A
POSITIVE OPERATING PROFIT FROM FULL YEAR
* LOAD FACTOR IN Q3 WAS AT 85%
* LOAD FACTOR FOR OCTOBER WAS 81.9% WHEN PLAY CARRIED APPROX. 92 THOUSAND PASSENGERS
* GUIDANCE FOR 2022 HAS BEEN UPDATED
* FORECASTS ANNUAL TURNOVER OF APPROX. USD 140 MILLION THIS YEAR
* COST TARGET OF BEING UNDER 4 US CENTS A UNIT (CASK EXCLUDING. FUEL), WAS MORE THAN
ACHIEVED AND
WAS 3.1 US CENTS IN Q3
* WILL NOT REACH PREVIOUSLY STATED TARGET OF ACHIEVING POSITIVE EBIT IN H2 2022 DUE TO
CHALLENGING
EXTERNAL MARKET ENVIRONMENT
* SEES A STRONG BOOKING TREND TO ICELAND FOR WINTER AND NEXT YEAR
Source text for Eikon: ID:nGNE5nzBXC
Further company coverage: PLAY.IC
(Gdansk Newsroom)
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