A Canadian airline that claims to offer ‘ultra low fares’ will cease operating on Monday.
Lynx Air blamed ‘financial pressures’ including inflation, fuel costs and exchange rates for its decision to ground its flights.
It said passengers with forward bookings would have to claim refunds from their credit cards.
In a statement online, the two-year-old airline, which offered flights in Canada, the US and Mexico said: “Tremendous work was put into the growth and expansion of Lynx Air over the past two years, offering Canadians a low-cost, seamless travel experience.
“However, 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 organisation to overcome.”
Lynx has been competing in the Canadian market with Air Canada and WestJet.
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Lynx Air blamed ‘financial pressures’ including inflation, fuel costs and exchange rates for its decision to ground its flights.
It said passengers with forward bookings would have to claim refunds from their credit cards.
In a statement online, the two-year-old airline, which offered flights in Canada, the US and Mexico said: “Tremendous work was put into the growth and expansion of Lynx Air over the past two years, offering Canadians a low-cost, seamless travel experience.
“However, 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 organisation to overcome.”
Lynx has been competing in the Canadian market with Air Canada and WestJet.
The post Canadian airline to shut down after two years appeared first on Travel Gossip.
Continue reading...
