North American ultra-low-cost airline Lynx Air has announced it will cease all flight operations from Monday 26 February. 

The Canadian carrier, with destinations across the US and Mexico, blamed “financial pressures” for the sudden closure

“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 organization to overcome,” a statement on the carrier’s website explained. 

The airline said it would operate the “majority” of its scheduled flights on Saturday and Sunday (24, 25 February) but admitted that some flights would be cancelled and indicated that customers would be emailed if their flight was cancelled. 

While the company advised customers with tickets from Monday onwards would be able to get refunds from credit card companies, it said its own customer service department “will not be available to assist with refunds.”  

The company’s statement acknowledged the surprise nature of the closure and said it would aim to make the process easy for its clients. 

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“We know this is a shock to many and our goal is to make the wind down of our operations as seamless as possible.” 

The airline launched in November 2021 as an “ultra-affordable airline, on a mission to make Canadian air travel accessible to all.” 

The Calgary-headquartered carrier boasted a fleet of new Boeing 737s, and hired Australian Merren McArthur as CEO for her experience with low-cost carriers including Virgin Australia Regional and Tigerair Australia. 

The airline was originally a charter line called Enerjet, before receiving outside investment and expanding to regional scheduled services. 

Despite fast growth to secure popular routes over the past three years, the future is now unclear for Lynx Air’s investors and employees.