Icelandic airline PLAY has reported its first quarter 2024 results, highlighting that its earnings were ‘heavily impacted by a drop in demand following the inaccurate global news coverage on seismic activity in the Reykjanes Peninsula in Q4 2023’. Its earnings before income and taxes were -$20.4 million. However, PLAY reported a significant revenue increase of 66% between years, rising from $33 million in Q1 2023 to $54 million in Q1 2024. “This is a true sign of how our airline is gaining market share,” highlighted CEO Einar Örn Ólafsson, adding that “demand started picking up drastically in January 2024” (including

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