Fly Play hf. provided earnings guidance for the third quarter 2023 and operating and earnings guidance for the year 2023 and 2024. The company estimate of the third quarter result shows that operating profit will be approximately USD 10 million compared to USD 1.3 million in the third quarter of 2022. The company expects to turn a profit of USD 4 million in the third quarter.

The company expects to carry around 1.5 million passengers in 2023. The cost per seat kilometer excluding fuel (CASK Ex Fuel) is estimated at around USD 3.7 cents for the full fiscal year 2023.

The company expects operating loss for the year 2023 will be around USD 10 million. Furthermore, the company expects revenue of approximately USD 280 million this year.

The company plans to carry around 1.8 million passengers in 2024. CASK Ex Fuel is estimated to increase in line with inflation, which includes a 1% increase in cost in 2024 due to recently announced changes to Pilot?s Collective Bargaining Agreements.

Estimated revenue for 2024 will be around USD 340 million. The company plans to post an operating profit in 2024.