It would be extremely hard for a resurrected Canadian Airlines to succeed in Canada's airline industry today due to a few reasons. For starters, WestJet is almost the same size CP
was back in the 90s, representing 30% of the market share in Canada. Western Canadians, who used to be loyal to CP
, are now loyal to WJ. Their service is great are their prices are usually lower than AC
Air Canada has also expanded quite a bit into CP
's former markets, i.e. Asia. Representing just under 60% of the total market share, AC
is the dominant carrier in the east and flies almost all key international routes.
There are also smaller airlines CP
would have to compete with, such as CanJet(Eastern Canadian based discount airline) and Harmony Airways (Western Canadian based airline flying to holiday destinations).
As you can see, Canada's airline industry right now is pretty healthy. The entry of a new Canadian Airlines would saturate the market. A new Canadian Airlines would only be successful if:
-They fly high-yield routes.
-Have low turn-around times.
-Have low employee-to-plane ratio.
-Keep costs down.
...then maybe they can make money on certain routes.
Anyone starting up a new airline in Canada has to ask themselves this question; where would they fly? A new Canadian Airlines would run into heavy competition almost everywhere.
I feel there is absolutely no doubt that the people of Canada, especially Western Canada, would be happy to see the Proud Wings livery back in Canada's skies...but it takes a lot more than that to keep them up there.