Lynx Air says its final flights will take place on Sunday as the company files for creditor protection, less than two years after it took to the skies.
The Calgary-based company announced in a news release on Thursday it has sought and obtained an initial order of protection from creditors from the Court of King’s Bench of Alberta, under the Companies’ Creditors Arrangement Act.
As of 12:01 a.m. MT on Monday, Lynx Air says its operations will cease, with scheduled flights continuing to operate until that time.
“Over the past year, Lynx Air, has faced a number of significant headwinds including rising operating costs, high fuel prices, exchange rates, increasing airport charges and a difficult economic and regulatory environment,” the news release states.
In the release, the company touts that it has grown its fleet and number of destinations while doubling its passenger volume in the past two years. Despite that growth, and efforts to explore a sale or merger, Lynx Air said the challenges facing the company’s business “have become too significant to overcome.”
The company added that efforts are being made to assist passengers affected by the move, with those who have existing bookings advised to contact their credit card company to secure refunds for pre-booked travel.
Sunday’s final flight comes not even two years after the company made its inaugural flight on April 7, 2022, becoming the latest low-cost airline to join an already crowded market in Canada.
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