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The Big Story
Is ultra-low cost air travel doomed to fail in Canada?
Mar 5, 2024
Exploring the downfall of Lynx Air and the struggles of ultra-low-cost airlines in Canada. Why do discount carriers keep failing? Is expensive air travel the norm for Canadians? Guest speaker sheds light on the challenges faced in the aviation industry.
16:51
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Quick takeaways
- Ulcc airlines in Canada struggle due to high operating costs and extra charges, making sustained business challenging.
- Geographical challenges, sparse population, and stringent ownership regulations in Canada hinder ultra-low-cost airlines' sustainability.
Deep dives
Reasons for Lynx Air's Closure
Lynx Air announced applying for credit protection and winding down operations due to higher operating costs, fuel price increases during the pandemic, unfavorable exchange rates, and rising airport fees. The closure, less than two years after its inception, left customers stranded and facing additional costs for alternative travel.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode