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Stock impact report

Airports demand millions in unpaid fees from defunct Lynx Air [Financial Post (Toronto, Ontario, Canada)]

Delta Air Lines, Inc. (DAL) 
Last delta air lines, inc. earnings: 4/22 07:00 am Check Earnings Report
US:NYSE Investor Relations: ir.delta.com
Company Research Source: Financial Post
Airports are knocking on Lynx Air's cabin door to demand $4.1 million in unpaid fees and debt from the defunct discount carrier, which already faces more than $200 million in claims from creditors. In court filings late last month, authorities for the Calgary, Vancouver, Edmonton, Halifax and Winnipeg airports asked for an order instructing Lynx to hand over airport improvement fees that the Alberta-based airline held in reserve. Article content “It would be unjust if Lynx's creditors were to receive a windfall by gaining access to the (airport improvement fee) funds,” the airport authorities said in an application to the Alberta's Court of King's Bench. The documents show Calgary is owed the most, with the airport claiming to be out of pocket $2 million after the carrier shut down in February. The unpaid airport improvement fees — amassed from charges of $5 to $38 per passenger, depending on the airport and destination _ appear to come on top of the $206 million Lynx owed Show less Read more
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