Canadian low-cost airline Lynx Air has announced that it will wind down operations next week, citing compounding financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs and competitive tension in the market as reasons behind its decision.
“Offering low fares to inspire Canadians to fly more and to spend more enjoying time with loved ones in beloved destinations was a great privilege. Thank you for supporting us in our journey, we are as disappointed as you are,” Lynx said in a statement.
“We know this is a shock to many and our goal is to make the wind down of our operations as seamless as possible.”
Lynx Air operates nine Boeing 737 MAX 8 aircraft to 18 destinations – 11 in Canada, six in the United States and one in Mexico.
If you have booked a flight with Lynx Air, here’s what you need to know.
Flights booked this weekend up to Sunday
According to Lynx, it will continue to operate most of its flights through the weekend.
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