PRESS RELEASE

from Canada Jetlines Ltd (NASDAQ:CJET.NE)

Canada Jetlines to Announce Q1 2024 Earnings Results

TORONTO, ON / ACCESSWIRE / May 6, 2024 / Canada Jetlines Operations Ltd. (Cboe CA:CJET) ("Canada Jetlines" or the "Company"), one of Canada's leading leisure airlines, announces that it intends to release first quarter 2024 results prior to market open on Monday, May 13, 2024. Company management will then conduct a Webcast (with call in details) to provide a business update and discuss the first quarter results in greater detail at 1 pm ET on Monday, May 13, 2024.

Shareholders, analysts and members of the business media are invited to join the conference call and webcast.

When: May 13, 2024 01:00 PM Eastern Time (US and Canada)

Topic: Canada Jetlines Operations Ltd. - Q1 2024 Earnings Release & Management Update

Link to registration and live webinar:

https://www.webcaster4.com/Webcast/Page/3034/50417

If you prefer to dial in and speak with an operator:

Dial Canada/USA toll free at 1-888-506-0062 or 1-973-528-0011 for callers outside of North America. The access code is 105800.

After registering, you will receive a confirmation email containing information about joining the webinar.

More information on Canada Jetlines including its growing list of destinations can be found on www.jetlines.com. Follow Canada Jetlines on all social media platforms and follow #CanadaJetlines for the latest news and updates.

About Canada Jetlines
Canada Jetlines Operations Ltd. (Cboe CA: CJET), trading as "Canada Jetlines," is a Canadian leisure airline committed to providing an exciting travel experience to its passengers. With a growing network of destinations, Canada Jetlines is dedicated to connecting Canadians with some of the world's most captivating and sought-after locations.

Media Contact:
Erica Dymond
media@jetlines.ca
204.807.2900

Investor Contact:
invest@jetlines.ca

Connect With Us!
Instagram: @ca_jetlines
Twitter: @ca_jetlines
Facebook: @CAJetlines
LinkedIn: www.linkedin.com/company/jetlines

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 status as a leading leisure airline, the number of aircraft it intends to operate, the destinations of intended flights, the Company's growth strategy, the timeline for release of financial results, the provision of exciting travel experience to its passengers, the growing network of destinations, and the dedication to connecting Canadians with some of the world's most captivating and sought-after locations.

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.

SOURCE: Canada Jetlines Ltd



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