Canada’s Third Largest Airline Halts Services

Rising fuel costs, stiff competition and high airport landing fees have driven CanJet to halt its commercial flight service on 9/10/06.

The move has “stunned” some, but analysts say it’s not all that surprising. “I have a feeling it’s just because Atlantic Canada just isn’t large enough of a region with a high enough propensity to travel, and certainly not a high enough yield coming out of those travelers to support three carriers (including Air Canada and WestJet),” said Calgary-based airline analyst Rick Erickson.