Introduction
North Channel Investments' last article discussed Jetlines (JETMF), a penny stock airline that is planning on entering the ultra-low cost carrier ((ULCC)) market in June, 2018. This airline is looking to provide low-cost flights across Canada, but will have to compete with two other low-cost airlines that are planning to compete in the Canadian ULCC market. These companies are expecting to take a small percentage market share from airline giants such as Air Canada (ACDVF) and WestJet (WJAFF).
Air Canada and WestJet are Canada's two largest airlines and fly to a plethora of destinations