Fly Play hf.: Profit Warning

Group 1 - The company expects a net loss of approximately USD 16 million for Q2 2025, compared to a net loss of USD 10 million in the same period last year, indicating a decline in performance [1] - The deviation in results is primarily driven by factors outside the company's control, including ongoing cost-saving measures and one-off transition costs related to a new business model [1] - The company’s core network and load factor performance remain in line with expectations, with RASK higher compared to last year [2] Group 2 - A negative foreign exchange impact of approximately USD 2.5 million was noted due to the strengthening of the Icelandic krona, affecting salaries, handling, and airport charges [3] - Delayed entry of one aircraft into service resulted in lost revenue of approximately USD 1.1 million due to maintenance issues [3] - Weaker than expected demand in the transatlantic market was attributed to a volatile geopolitical environment, tariff uncertainty, and macroeconomic softness [3]