Icelandic budget carrier Play has turned in a first-half net loss of $25.6 million, of which the second quarter accounted for $14.3 million. The airine attributes the interim losses to the carrier’s having yet to achieve economies of scale. Play generated revenues of $42.2 million over the six months to 30 June, including $32.5 million in the second quarter. But it is expecting a figure of $150-160 million for the full year with total passenger numbers of 800,000. The airline...