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Fly Play airlines, an Icelandic low-cost airline headquartered in the country's capital of Reykjavík, has announced its decision to cease operations, effective immediately, and all of the airline’s flights have been canceled, according to a statement released by the company. “The board of Fly Play hf. has decided to terminate operations, and all of the company’s flights have been canceled. The company will work closely with authorities and employees to implement the necessary steps for winding down operations. There are many reasons behind this decision. The company’s performance has long fallen short of expectations, ticket sales have been poor in recent weeks and months following negative media coverage, and internal disagreements among some employees regarding strategic changes have further strained the situation.”