Hasbro Sees Return to Growth and $1 Billion in Savings by 2027
Hasbro Inc. is targeting mid-single-digit sales growth through 2027 and savings of about $1 billion, as the toymaker laid out a plan to expand its reach over the next few years.
The maker of G.I. Joe figurines and Dungeons & Dragons board games will allocate more investment to brands and categories with the highest potential to generate revenue and profit growth, such as Play-Doh, Magic: The Gathering, emerging markets and its self-published video games, the company said in a statement Thursday.
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This Budget Airline Is Canceling All U.S. Flights—What Travelers Should Know
Discount carrier Play Airlines will suspend all flights to the United States in October. The airline operates flights between the U.S., Iceland, and Europe. Passengers will have the opportunity to get a refund or rebook in different cities. It's the final boarding call for U.S. flights from a popular low-cost Play Airlines recently announced it would stop operations to and from the United States, as well as all of North America, this fall. 'All flights to North America cease as of October 2025,' the airline confirmed in a statement on its website. The airline first launched flights to the U.S. in 2021 and currently operates routes from Baltimore, Boston, and New York to Reykjavik, Iceland. Once in Iceland, travelers had the opportunity to fly to a variety of European destinations including Berlin, Copenhagen, Dublin, London, and Porto. Despite October being the announced date for the end of operations, the airline is no longer selling any tickets for travel from New York to Iceland after Sept. 1, 2025. Tickets on the route for travel on Sept. 1 are currently going for as little as €174 one-way (approximately $201). While the airline operates flights out of New York, it does not use the main airports like LaGuardia Airport (LGA), John F. Kennedy International Airport (JFK), or Newark International Airport (EWR). Instead, it uses New York Stewart International Airport (SWF) in Windsor, New York, which is approximately 77 miles north of New York City. Although that is a significant distance from the city, the airport often provides a discounted option for travelers and a regular shuttle service. A representative for the airline told Travel + Leisure that Play would contact all affected passengers for trip modification or refunds if needed. In addition to the end of the airline's North America flights, Play will also undergo a restructure and switch from its existing Iceland-based Air Operator Certificate, to a Maltese-based certificate. The airline will also remove its stock exchange listing and fly to fewer destinations. It will also lease aircraft to other vendors. The decision of Play Airlines to end U.S. flights comes at a time when other airlines have reduced routes or shut down. For example, Silver Airways, a regional airline that operates flights throughout the Bahamas, the Caribbean Islands, and Florida, recently announced a sudden shut down as well. Read the original article on Travel & Leisure
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20 hours ago
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This Budget Airline Is Canceling All U.S. Flights—What Travelers Should Know
It's the final boarding call for U.S. flights from a popular low-cost airline. Iceland-based Play Airlines recently announced it would stop operations to and from the United States, as well as all of North America, this fall. 'All flights to North America cease as of October 2025,' the airline confirmed in a statement on its website. The airline first launched flights to the U.S. in 2021 and currently operates routes from Baltimore, Boston, and New York to Reykjavik, Iceland. Once in Iceland, travelers had the opportunity to fly to a variety of European destinations including Berlin, Copenhagen, Dublin, London, and Porto. Despite October being the announced date for the end of operations, the airline is no longer selling any tickets for travel from New York to Iceland after Sept. 1, 2025. Tickets on the route for travel on Sept. 1 are currently going for as little as €174 one-way (approximately $201). While the airline operates flights out of New York, it does not use the main airports like LaGuardia Airport (LGA), John F. Kennedy International Airport (JFK), or Newark International Airport (EWR). Instead, it uses New York Stewart International Airport (SWF) in Windsor, New York, which is approximately 77 miles north of New York City. Although that is a significant distance from the city, the airport often provides a discounted option for travelers and a regular shuttle service. A representative for the airline told Travel + Leisure that Play would contact all affected passengers for trip modification or refunds if needed. In addition to the end of the airline's North America flights, Play will also undergo a restructure and switch from its existing Iceland-based Air Operator Certificate, to a Maltese-based certificate. The airline will also remove its stock exchange listing and fly to fewer destinations. It will also lease aircraft to other vendors. The decision of Play Airlines to end U.S. flights comes at a time when other airlines have reduced routes or shut down. For example, Silver Airways, a regional airline that operates flights throughout the Bahamas, the Caribbean Islands, and Florida, recently announced a sudden shut down as well.
Yahoo
a day ago
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Budget airline axes all flights to US as airspace restrictions bite
An Icelandic-based airline has announced it plans to axe all its flights to the US, stopping trips to major cities like Washington D.C. and New York by the autumn. Low-cost airline Play operates flights between Iceland and destinations in the US and Europe, offering budget tickets on Airbus aircraft to and from its main hub, Keflavík International Airport. Play flies in and out of Iceland to European countries such as Denmark, France, Germany, and the United Kingdom. As well as Europe, the airline also directly links Iceland to Baltimore, Boston, and New York City. The airline operates on a hub-and-spoke model, meaning it uses one central airport, Keflavík, to connect to other airports around the world. Play launched its transatlantic flights in the spring of 2022, and has been flying to the US for just over three years. Play's hub-and-spoke routes have since financially underperformed, and an over-saturation in the transatlantic market has meant a growth in competition between airlines. Play will suspend its flights to New York Stewart on 1 September, followed by Boston Logan on 15 September, then finally Baltimore/Washington on 24 October. Its routes in Northern Europe are also expected to be scaled back due to Play dropping the hub-and-spoke strategy it has used since launching four years ago. The strategy has seen a loss of $20 million (£14.7 million) in 2024 in comparison to profits made in point-to-point European leisure markets. The restructuring will come as part of a proposed executive takeover by Play's CEO Einar Örn Ólafsson and Vice Chairman Elías Skúli Skúlason. In a notification to the Central Bank of Iceland, the executives said they plan to submit a voluntary offer for all outstanding shares in the airline via a new holding entity, Aviation Week reported. 'Due to airspace restrictions, several European airlines have redeployed capacity across the Atlantic, leading to overcapacity in the transatlantic market,' the offer document seen by Aviation Week says. 'Many carriers have suspended or terminated East Asia routes, facing a competitive disadvantage against Asian airlines still able to overfly Russia. 'This has increased pressure on transatlantic yields.' If the proposal is approved, Play's revised strategy hopes to target the leisure and VFR (visiting friends and relatives) market. The airline wants to target 'underserved sun destinations' and has recently announced new flights to Antalya, Faro and Agadir. 'We're focusing on the profitable aspects of the business—sun destination flights—and discontinuing those that have not yielded results,' Mr Ólafsson said. The airline will also offer wet-lease services, which provide short-term aircraft and crew to help other airlines fill gaps in schedules. The Independent has contacted Play for comment.
