Global Crossing Airlines Inc. (JETMF)

[benosufan]

Interesting article..while we wait for the rest of the financing to come through for Canada Jetlines. Looks like our competition will be one less airline, SWOOP is probably going to be dissolved.

Given money-losing operations at the ultra-low-cost carrier, partly as a result of a cost structure that is higher than other ultra-low-cost carriers, as well as regulatory scrutiny, Morabito believes that it is only a matter of time before WestJet phases out Swoop and focuses all of its assets on competing head-on against Air Canada.

https://biv.com/article/2019/05/westjet-sale-could-mean-end-swoop-canada-jetlines-chair