BOSTON — Canadian ultra-low-cost carrier (ULCC) Lynx Air has announced that it will cease its services on February 26 and has filed for court protection from creditors under the Companies' Creditors Arrangement Act (CCAA). Lynx Air is a start-up Canadian budget airline based in Calgary, Alberta. It has logged a mere 22 months in operation, serving routes within Canada as well as destinations in the United States and Mexico. It was planning to start service between Toronto (YYZ) and Boston from March 28. In the statement it released, the reason for stopping service is attributed to "financial pressures associated with inflation, fuel costs, exchange rates, cost of capital, regulatory costs, and competitive tension in the Canadian market have ultimately proven too steep a mountain for our organization to overcome." The company stated in the FAQ section that they will not be available to assist with refunds and asked customers to contact their credit card company to obtain refunds. The company is also going to void all the travel vouchers and flight vouchers once it ceases…