The $2.5 billion settlement is made up of a $1 billion civil penalty paid to the government, the largest ever involving an ...

Icelandic ultra-low-cost airline Play announced Sept. 28 it was shuttering its operations and canceling all flights. In a brief statement, the airline apologized to its passengers and said they should ...

Icelandic low-cost airline PLAY is refunding affected passengers, advising them to check other airlines for special fares.