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In February 2024, the low-cost carrier Lynx Air announced it was filing for creditor protection and would cease operations, with just a few days鈥� notice to its ticket holders. The airline had significant overlap with Air Canada鈥檚 routes and never managed to gain a foothold in the market. 鈥淚t鈥檚 a difficult environment for airlines to make money in Canada,鈥� says Prof. Karl Moore. 鈥淚t鈥檚 because of the regulatory environment that we have, the number of competitors and the seasonality. There鈥檚 just too much competition out there and their time came to an end.