7 votes Play Airlines said it was ceasing operations, becoming the second low-cost airline in Iceland to collapse in the last six years Posted 3 days, 8 hours ago by mycketforvirrad Tags: iceland, aviation, business, airlines.low cost, play, wow air, work, employees, redundancies, passengers, demand.declining, maintenance, exchange rates, ceo, einar orn olafsson, bankruptcy, author.jenny gross, source.the new york times, paywall https://www.nytimes.com/2025/09/29/business/play-airline-iceland-shut-down.html