Canadian discount airline Lynx Air is calling it a day. The upstart discount airline promised to bring low fares to Canadian travelers. Just two years after commencing operations, the airline announced today that it will cease operations on Feb 26, 2024.
In a post on its Facebook page, the airline stated:
According to the FAQ on the website, most travelers can expect to fly on their flights through February 25th. All ticket holders for flights after the 25th need to contact their credit card company as Lynx Air said they will not be able to assist with a refund.
Why did Lynx Air fail?
Lynx Air is the third name for an airline that evolved to service middle Canada. The airline rebranded to Lynx Air in 2021 with a focus on less served routes within Canada and leisure routes from Canada to the US. The airline operates a fleet of 9 Boeing 737-8MAX jets.
In a statement on its website, the airline shared the reason for the failure stating, “the compounding financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs and competitive tension in the Canadian market have ultimately proven too steep a mountain for our organization to overcome. It is with a heavy heart we leave the skies.”
