A LOW-cost airline has announced it's ceasing operations immediately.

Fly PLAY, an Icelandic airline based in Reykjavík has gone into administration and has cancelled all flights.

In a statement on its website , the airline wrote: "Fly PLAY hf. has ceased operations, and all flights have been cancelled...We kindly advise you to check flights with other airlines .

" Some carriers may offer special 'rescue fares' considering the circumstances".

The airline continued: "We are deeply sorry for the disruption this causes and thank you for your understanding".

Under refunds and passenger rights, the airline has added that customers who have bought a ticket with a credit card should contact the card issuer for refunds.

For any customers who have booked a ticket as part of a pa

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