April 8 is shaping up to be a busy day for US airlines, as travelers chase the total solar eclipse sweeping across the nation from Texas to Maine—a rare event that won’t be visible from the contiguous US again until 2044.
10.03.2024 - 14:01 / insider.com / Airlines
Birgir Jónsson is well aware of how a budget airline's fortunes can quickly turn around.
From 2014 to 2015, he was the deputy CEO of Wow Air, an Icelandic ultra-low-cost carrier that went bankrupt in 2019. Shortly afterward, two former Wow executives set up its spiritual successor, Play. Jónsson was brought on as CEO in 2021.
Play is now one of, if not the cheapest way to fly transatlantic. It made headlines in 2022 for $99 flights between the US and Europe — but that was only for one leg of a roundtrip.
Looking at flights for next month, a roundtrip from New York to London starts at around $450.
It costs at least $560 for the same journey with Icelandair — the country's flag carrier which Jónsson calls its main competitor since both would include a connection in Reykjavík.
For Norse Atlantic, the low-cost airline that instead uses widebody jets for direct flights, return tickets in April start around $400. Although with varying prices, Play is still cheaper on some days.
Play is run by a CEO with an unconventional medley of experience.
Speaking to Business Insider over a video call while wearing a black t-shirt and jacket, Jónsson was modest in saying: "I'm not an interesting guy."
His foray into the sector began as CEO of Iceland Express, which was acquired by Wow. But unusually for an airline boss, he has also had several jobs outside aviation.
Jónsson's LinkedIn lists him as the co-owner of a Reykjavík perfumery and, until 2018, the drummer for a metal band called Dimma. YouTube videos show his tattoo sleeve on display during concerts.
He told BI his past jobs included turning around the Icelandic Post Office and running a Romanian printing company.
"I've done a lot of things, but it's always the same things," he said. "Running companies, creating a team, building a good culture, and getting shit done, basically."
With a fleet of only 10 jets covering 41 destinations (some of which are seasonal), Play is able to operate the low-cost model across the Atlantic thanks to Iceland's geography: it's two hours closer to New York than London is.
It's a similar airline to the likes of Southwest and Ryanair in the sense that it's strictly no-frills. There's no in-flight entertainment, minimal legroom, and it flies to smaller airports like New York's Stewart International, a nearly-unused facility about 60 miles from Manhattan.
Costs are also saved on training and maintenance by only using one type of jet: the Airbus A320neo and A321neo.
Plus the fleet is almost constantly in the air — around five flights a day for a total of 12 or 13 hours, Jónsson said.
"That's the only way to make money in this game, you know," he added. "The aircraft, they're meant for flying."
Transatlantic flights aren't the only part
April 8 is shaping up to be a busy day for US airlines, as travelers chase the total solar eclipse sweeping across the nation from Texas to Maine—a rare event that won’t be visible from the contiguous US again until 2044.
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