At the beginning of the year, I predicted that we will see more competition within the Canadian airline industry. We are clearly not off to a good start.
Only a week or two ago, there was news that discount carriers Flair Airlines (“Flair”) and Lynx Air (“Lynx”) were in merger talks. Fast forward to today, Lynx airlines will cease operations tomorrow (February 26, 2024). Seems like they were unable to come to an agreement to make it work. I was really hoping that they could make it work as it was going to be a long shot for both to coexist in Canada at the same time. Pulling resources actually made a lot of sense to have one stronger discount airline. Looks like Lynx was too much of a lost cause of Flair to merge with.