What a week it has been for Iceland’s startup, PLAY. It received its air operator’s certificate on May 16th, and today, two days later, it put on sale its first seven routes from Keflavik. Alicante is unserved, while Stansted effectively is too. PLAY fills the gap left by the loss of WOW and others, although the startup is sensibly very cautious.
While most of PLAY’s initial routes launch in July, London Stansted begins on June 24th, followed by Tenerife South five days later. London is helped by Iceland being on England’s green list.
- Alicante: twice-weekly
- Barcelona: twice-weekly
- Berlin: four-weekly
- Copenhagen: initially twice-weekly and then doubling
- London Stansted: initially twice-weekly and then doubling
- Paris CDG: four-weekly
- Tenerife South: twice-weekly
PLAY, which has $50 million in funding and plans an initial public offering (IPO) for further growth, would not exist had WOW not ended. Indeed, WOW served all the routes from Keflavik that PLAY has put on sale. Despite this and some staffing crossovers, the two carriers are much more separate than many would realize.
All but one route is already served
Six of PLAY’s initial seven routes are or will be served by other airlines this year. Only Alicante will have no head-to-head competition. Despite this competition, their capacity totals ‘just’ 598,000 seats this year, analyzing schedules data provided by airlines to OAG, down by almost 740,000 versus pre-pandemic 2019. The loss of WOW is key to this.
- Alicante: no head-to-head competition
- Barcelona: Icelandair (once-weekly) and Vueling (up to four-weekly)
- Berlin: Icelandair (up to nine-weekly)
- Copenhagen: Icelandair (up to 28-weekly) and SAS (up to nine-weekly)
- London Stansted: Jet2 (just two round-trips in October/November)
- Paris CDG: Icelandair (up to 14-weekly)
- Tenerife: Icelandair (twice-weekly)
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Stansted is virtually unserved
Stansted is one of four London airports served from Keflavik this year, down from five in 2019 from the loss of BA CityFlyer from London City. Stansted, which was last served in March 2019 by easyJet, is back this year with PLAY. It’ll be the only carrier on the route until October, and even then Jet2’s two round-trips barely count.
The peak for Stansted came in 2018 when three carriers – easyJet, Primera, and WOW – all served it with a combined 88,414 passengers, the UK CAA shows. It is virtually a ready-made unserved market.
Meanwhile, Alicante, like Tenerife, is for point-to-point vacation reasons from Iceland. It is normally served – and has been for many, many years – because it is a classic destination for Icelanders. Indeed, two airlines operated it non-stop in pre-pandemic 2019. It, too, is effectively ready-made.
Just two flights down from 2019 level
Looking at a week in mid-August, the seven routes will have a combined 86 weekly departures across PLAY and all competing carriers, as the table below indicates. This is down by just two flights versus the same week in 2019. With seven departures, Barcelona is unchanged, while Stansted is up – and Tenerife has increased nearly fourfold.
| Keflavik to… | Departures in a mid-August week in 2018 | And in 2019 | And in 2021 |
|---|---|---|---|
| Alicante | 8 | 3 | 2 |
| Barcelona | 11 | 7 | 7 |
| Berlin | 16 | 9 | 6 |
| Copenhagen | 43 | 45 | 38 |
| London Stansted | 7 | 0 | 4 |
| Paris CDG | 26 | 21 | 18 |
| Tenerife South | 4 | 3 | 11 |
It’s a somewhat different picture compared to 2018, though, when WOW was in full swing and airlines had responded to the threat it posed with more flights. Then, these seven routes had 115 departures, meaning they’re down by one-quarter over the peak.
Will you fly PLAY? If so, what route would you choose? Let us know in the comments!
