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Canada Jetlines Reports Strong Operational Performance in August 2023 and Participation in IRLABS Investor Roadshow


Canada Jetlines Operations Ltd. (NEO: CJET) (“Canada Jetlines” or the “Company”), Canada’s friendly leisure airline, is pleased to provide an update on recent initiatives, and participation in the IRLABS investor roadshow across Canada.

This press release features multimedia. View the full release here:

NEW Canada Jetlines Airbus A320 Aircraft (Photo: Business Wire)

NEW Canada Jetlines Airbus A320 Aircraft (Photo: Business Wire)

Recent Operational and Financial Highlights

  • New record of hours flown in August 2023 with 736 block hours flown in the month following previous record of 622 block hours established in July 2023
  • Took delivery of its third Airbus A320 aircraft
  • Reported total operating revenue for Q2 2023 of $8.8 million, a 72.8% increase over Q1 2023
  • Announced expanded winter flight schedule between Toronto and Montego Bay, Jamaica and Orlando – in addition to existing services to Cancun, Mexico, and Las Vegas

"We are making great strides and are pleased with our strong operational performance achieved this summer. As we head into the Fall and Winter months, we look forward to continued momentum as we expand our service into new sunny destinations. We have a great story to share and are committed to expanding our visibility and engaging with investors from coast to coast as the Company continues on its growth trajectory.”

irlabs Investor Roadshow

The Company would also like to announce that it will be participating in the irlabs Investor Roadshow, starting with a virtual presentation on September 13, 2023, followed by a four city in-person roadshow spanning Vancouver, Calgary, Toronto and Montreal. Click here to register.

Management will be visiting all four cities in-person and looks forward to connecting with the investment community. To book a meeting, please reach out to:

Click here for Canada Jetlines most recent investor presentation.

About Canada Jetlines

Canada Jetlines Operations Ltd. (NEO: CJET) is a value-focused leisure airline that flies to high-demand sunny destinations. CJET's three revenue streams offer diversified growth potential: passenger revenue, chartered/ACMI flights, and Jetlines vacations. Jetlines vacations expand cash flow through ancillary revenue streams, including hotels, land, cruise, transfer and insurance plus destination co-operative marketing support. Currently operating 3 Airbus A320s, CJET is targeting to reach a fleet of 15 aircrafts by 2025. For more information about Canada Jetlines, including its growing list of destinations, please visit Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

Connect With Us!

Instagram: @ca_jetlines

Twitter: @ca_jetlines

Facebook: @CAJetlines


Cautionary Note Regarding Forward-Looking Information

Cautionary Note Regarding Forward-Looking Information This news release contains "forward-looking information" concerning anticipated developments and events that may occur in the future. Forward-looking information contained in this news release includes but is not limited to the Company’s intention to operate as a leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, timelines to announce new schedules and destinations, growth plans and business of Jetlines. In certain cases, forward-looking information can be identified by the use of words such as "plans", "expects" "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "occur" or "be achieved" suggesting future outcomes, or other expectations, beliefs, plans, objectives, assumptions, intentions or statements about future events or performance. Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of financing to continue airline operations, the accuracy, reliability and success of Jetlines’ business model; the continued compliance with the terms of governmental approvals; Jetlines concluding definitive agreements for additional aircraft; the success of operations by Jetlines the legislative and regulatory environments of the jurisdictions where Jetlines will carry on business or have operations; the impact of competition and the competitive response to Jetlines’ business strategy; and the availability of aircraft. While the Company considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect. Forward-looking information involves known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors include risks related to, the ability to obtain financing at acceptable terms, the impact of general economic conditions, domestic and international airline industry conditions, the failure of the Company to conclude definitive agreements to acquire additional aircraft, supply chain disruptions causing delays in expected timelines, the impact of the global uncertainty created by COVID-19, future relations with shareholders, volatility of fuel prices, increases in operating costs, terrorism, pandemics, natural disasters, currency fluctuations, interest rates, risks specific to the airline industry, the ability of management to implement Jetlines’ operational strategy, the ability to attract qualified management and staff, labour disputes, regulatory risks, including risks relating to the acquisition of (or compliance with) the necessary licenses from regulatory agencies, and the additional risks identified in the "Risk Factors" section of the Company's reports and filings with applicable Canadian securities regulators. Although the Company has attempted to identify important factors that could cause actual results to differ materially from those described in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking information. The forward-looking information is made as of the date of this news release. Except as required by applicable securities laws, the Company does not undertake any obligation to publicly update any forward-looking information.