Thank you very much, Mr. Chair.
Thanks to our witnesses for being here. The topic we're discussing today, the state of airline competition in Canada, is very important.
I'll go first to the Air Transat representative for a simple reason. We are actually conducting this study as a result of Lynx Air's bankruptcy. In recent years, WestJet has acquired Sunwing. There's also Swoop, which belongs to WestJet, and Flare Airlines, which is now in trouble. Porter is in business, but it doesn't necessarily offer international flights.
In one sense, Air Transat is the lone bulwark against a potential Air Canada-WestJet duopoly.
Not so long ago, many people were skeptical about Air Transat's future, assuming that the business would go bankrupt. However, it made it through the pandemic and now seems to have a sound growth plan.
How did your company manage to navigate the crisis when others failed?