PLAY closes Q2 in green with $73.1 million revenue, plans to induct more aircraft as demand soars

PLAY carried 392 thousand passengers in Q2 2023 with a load factor of 84.6% and an on-time performance of 84.3%. The airline reported a revenue of $73.1 million as compared to $32.5 million in Q2 of 2022. PLAY was cash positive in Q2 2023 with cash on June 30 to $54.5 million including restricted cash. The company has no external interest-bearing debt. The company recorded a positive EBIT for the year by $04.4 million compared to negative $14.4 million in the same period 2022. The Net loss was $4.1 million in Q2 2023 compared to negative $14.3 million in Q2