Lynx Air, a Calgary, Canada-based airline dedicated to providing affordable air travel for Canadians, is set to cease operations on Monday, February 26. The low-cost carrier revealed this decision concurrently with the announcement of securing an initial order for creditor protection from the Court of King's Bench of Alberta.
According to CBC News, Lynx Air cited various challenges, including escalating operating costs, soaring fuel prices, fluctuating exchange rates, rising airport charges and a challenging economic and regulatory landscape. Despite significant efforts such as business growth, operational enhancements, cost-cutting measures and attempts to explore a sale or merger, the company acknowledged that the obstacles were insurmountable.
In response to inquiries from CBC News, a spokesperson for Lynx Air conveyed that mounting financial pressures had rendered it impossible to sustain its operations.
Previously known as Enerjet, privately-owned Lynx Air took flight in April 2022, vowing to provide ultra-affordable services to travellers. The airline's inaugural journey occurred in April 2022, whisking passengers from Calgary to Vancouver.
During the unveiling of its plans in 2021, the then-CEO expressed the company's mission to connect Canadians with people and places. Merren McArthur, who resigned for personal reasons last year, stated, “Airfares have traditionally been high here in Canada, and we at Lynx believe in meeting Canadians' needs who can't afford to travel or can't afford to travel as often as they'd like.”
At the time of its launch, Lynx Air disclosed leasing 46 new Boeing 737 aircraft. In June of that year, McArthur informed the Calgary Herald that the airline employed approximately 420 individuals. Lynx Air commenced operations to various Canadian cities in 2022, including Calgary, Edmonton, Halifax, Toronto, Vancouver, and Victoria, B.C.
