In a virtual press conference held on February 8, Stephen Jones, CEO of Flair, presented a comprehensive review of the airline's achievements in 2023 and shared insights into the company's future outlook for 2024.
Jones highlighted how Flair is changing the Canadian airline industry by offering lower fares, thereby altering the travel habits of Canadians who are now booking flights closer to departure dates and flying more frequently.
This “Flair Effect” was a focal point of the presentation, emphasizing the airline's role in saving Canadians over $415 million in fares.
Jones shared that in 2023, Flair emerged as Canada’s most reliable airline network, boasting an impressive 98.2% completion rate and ranking second in on-time performance. The airline flew more than 4.5 million passengers, marking a substantial increase from the previous year, and demonstrating a significant improvement in their load factor by 9%. This achievement underscores Flair's growing appeal among Canadian travellers.
Sustainability efforts were also highlighted, with Flair being recognized for its eco-friendly operations. The airline has achieved a 30% reduction in emissions compared with its competitors, avoided over 6 million kilograms of CO2 emissions, and significantly reduced its use of single-use plastics by introducing recyclable and compostable materials onboard.
Flair's impact on the Canadian economy was notable, with the airline supporting over 8,047 jobs, contributing $1.23 billion in economic output, $407 million in labour income, and $576 million to the GDP. This economic contribution is further enriched by Flair's investment in community and digital innovation, reinforcing its integration and positive influence within the communities it serves.
Looking ahead to 2024, Jones outlined Flair's ambitious goals which include continuing to offer the most affordable fares, striving to become the most on-time airline, and expanding its commitment to sustainability. The airline plans to add two new aircraft, five new destinations, and 30 new routes, which will result in 5,600 more flights compared with 2022.
Jones concluded the presentation with a forward-looking statement on travel trends, noting that a significant portion of Canadians plan to take multiple vacations in 2024, influenced by the cost of flights and a growing preference for environmentally responsible travel options. Flair's strategy aligns with these trends, positioning the airline as a key player in making air travel more affordable and sustainable for Canadians.