Lynx Air Shutdown
The Canadian ULCC has just announced they have failed to secure more funding and will cease operations Monday. Canada’s other ULCC, Flair Airlines has also paused their growth plans and cut their ASM’s significantly. Swoop the ULCC arm of Westjet was shut down last fall and their airplanes and crew absorbed into the mainline fleet
So far nobody has been able to make the ULCC model work in Canada