Lynx Air to Shut Down, Files for Creditor Protection

The Calgary-based low-cost carrier faces significant financial challenges, advising passengers to seek refunds through credit card companies.

Lynx Air, a Calgary-based low-cost airline, will cease operations on Monday after facing significant financial challenges.
The airline has obtained creditor protection under the Companies' Creditors Arrangement Act (CCAA) as it navigates its shutdown.
Passengers with existing bookings are advised to seek refunds through their credit card companies, as the airline will not provide direct refunds.
The closure affects approximately 500 employees and raises questions about the sustainability of low-cost carriers in the post-pandemic world.
The shutdown underscores the volatile nature of the airline industry, especially for new entrants trying to disrupt the market with low-cost models.