Ultra low-cost carrier Lynx Air will be ceasing operations after obtaining creditor protection under the Companies’ Creditors Arrangement Act, the company said late this week. The Calgary-based airline said operations will halt effective 12:01 a.m. MT on Monday, with flights continuing to operate until that time. The Financial Post’s Denise Paglinawan and Shantaé Campbell explain what that means for customers who are currently travelling and those who have booked tickets for future flights.
The company, which launched its inaugural flight in April 2022, said it has faced challenges over the past two years that “have become too significant to overcome.” These headwinds include rising operating costs, higher fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment, Lynx said. “Thank you for supporting us in our journey, we are as disappointed as you are,” the company said on its website. “We know this is a shock to many and our goal is to make the wind down of our operations as seamless as possible.”
Passengers scheduled to fly home after the end of operations are told they will receive a flight cancellation notification and can get a refund for the flight through their credit card company. But it appears it will be up to them to make alternative arrangements. The airline has not indicated how many passengers are currently travelling, but Lynx Air routes include destinations in Canada, the United States and Mexico, where it just launched service on Feb. 15. Its website lists 23 total destinations, including most major Canadian cities and U.S. locations such as Phoenix, San Francisco and Tampa Bay. According to aviation analytics company Cirium, Lynx has a total of 731
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