Lynx Air ceased operations (Including Hamilton)
https://www.thespec.com/business/ha...cle_ada0cd84-04ec-5576-9418-cfa0152ac1c6.html
As Lynx Air prepares to shut down, the future of cheap flights out of Hamilton is once again up in the air.
Officials with the Calgary-based airline announced Thursday that it would be ceasing operations as of Monday as it filed for credit protection.
In a statement on its website, the airline said it was unable to overcome compounding financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs and competition in the Canadian market.
The announcement comes less than two years after Lynx Air made its inaugural flight out of the John C. Munro Hamilton International Airport back in June 2022.
Colleen Ryan, associate director of communications for the airport, told The Spectator in a statement that, while the closure of airline is “unfortunate and unexpected news” for the airport, Hamilton played a “only a small part” in their network. ... Marvin Ryder, an associate professor in business studies at McMaster University, said while the shutdown of Lynx is “sad news” for the airport, it’s an “easily survivable hit” when compared to the repercussions of a commercial tenant leaving the facility.
The Hamilton airport is one of Canada’s largest cargo airports, with more than 1.9 billion pounds of cargo aircraft facilitated in 2022, as previously reported by The Sachem. “The core of the business is commercial flights,” said Ryder, pointing to operators such as Purolator, Amazon and Cargojet. “If one of them said they were moving to another airport, I would be a lot more concerned.