Aviation in Canada will change into a bit much less aggressive this weekend, as extremely low value provider Lynx Air ceases operations.
Lynx Air will cease flying as of February 26, 2024
Lynx Air has introduced that it’s going to stop operations as of 12:01AM MT on Monday, February 26, 2024. The airline will proceed working via Sunday, however the firm is telling folks scheduled to journey on February 26 and past to contact their bank card firm for a flight refund. Another Canadian airways are providing particular fares for individuals who are impacted by Lynx Air’s closure.
The airline is blaming this unlucky growth on the compounding monetary pressures related to inflation, gas prices, alternate charges, value of capital, regulatory prices, and aggressive stress. So yeah, that’s principally every little thing.
For these not accustomed to Lynx Air, this can be a Calgary-based extremely low value provider that launched operations in April 2022. The airline has operated a fleet of 9 189-seat Boeing 737 MAX 8s, although had plans to develop its fleet to 47 plane within the coming years.
Lynx Air has been flying to locations throughout Canada, in addition to to the USA, and even Mexico. In the USA, Lynx Air’s locations have included Fort Myers, Las Vegas, Los Angeles, Orlando, Phoenix, and Tampa, with plans to additionally fly to Boston and San Francisco.
Canadian aviation is hard…
The airline enterprise is difficult nearly anyplace across the globe, however Canada is an particularly powerful market. Canada is a big nation (marginally bigger than the USA by way of land mass) with solely 40 million folks. Journey demand within the nation is very seasonal, and the inhabitants is closely concentrated in a number of main cities (roughly 13 million folks dwell within the better Toronto, Montreal, and Vancouver areas).
Once you add up these components, operating an airline simply isn’t simple. Regardless of that, we’ve seen every kind of recent startups lately, and on high of that, the prevailing gamers have continued to develop as nicely (like Porter, with its enormous Embraer E195-E2 progress).
There’s a motive we’ve more and more seen tried acquisitions, partnerships, and even liquidations, as a result of operating an airline in Canada isn’t simple.
Backside line
Lower than two years after taking to the skies, Lynx Air is ceasing operations. The Canadian extremely low value provider has been flying Boeing 737 MAXs primarily out of Calgary. Sadly the enterprise mannequin simply didn’t work out. Hopefully all of the employees at Lynx Air are capable of finding jobs at different carriers.
What do you make of Lynx Air going out of enterprise?
