What Canaryfly does

Canaryfly (legal entity CANARY FLY, S.L.) is a privately held Spanish low-cost airline headquartered at Gran Canaria Airport in Las Palmas de Gran Canaria. Founded in 2008 originally to operate charter flights between the Canary Islands and Africa, the company began regular inter-island passenger service in May 2012 and in 2017 became the first low-cost airline dedicated exclusively to flights between the Canary Islands. The carrier operates an all-ATR 72 turboprop fleet (fewer than 90 seats per aircraft) selected for fuel efficiency on short regional stage lengths, and serves 7 of the 8 Canary Islands via 8 regular routes, with a heritage Air Operator Certificate (A 67/11) that also authorizes operations across Europe, Africa, the Caribbean, and the Azores.

The company monetizes through a four-tier unbundled fare structure (Lo Puesto, LowCos, FullEquip, FullEquip+) layered with paid ancillaries such as seat selection (EUR 2-3 per journey) and extra checked baggage (EUR 10 per piece), together with mandatory resident and large-family discount programs (5-10%) that are structural to the Spanish inter-island market. Distribution is exclusively direct-to-consumer via the canaryfly.es website, iOS and Android mobile apps, and a phone-based call center; no third-party channel partners or travel agency resellers are disclosed. In 2024 the airline transported more than 625,000 passengers (22% year-over-year growth) at roughly 50,000 travelers per month, supported by a headcount of 101-250 employees.

Operational moats are anchored in a regulatory certification stack including IOSA (since 2018, renewed June 2026), ISO 9001/14001/45001, EASA ATO, CAMO, and Part 145 approvals, alongside category-of-one positioning as the only dedicated inter-island LCC. Ownership is private with no disclosed parent company, investor base, or funding rounds; management team composition is not detailed in available source material, representing a material data gap for prospective acquirers and investors.

Name

Canaryfly

Legal name

CANARY FLY S.L.

Website

https://canaryfly.es

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

Canaryfly is a privately held Spanish low-cost airline headquartered in Las Palmas de Gran Canaria, operating ATR 72 turboprop inter-island flights across 7 of 8 Canary Islands. Founded in 2008, it transported over 625,000 passengers in 2024 via a four-tier fare structure serving residents and travelers.

Ownership category

akta.pro rank

Product category

Regional Airline / Passenger Air Transportation

NAICS

Air Transportation (481)

SIC

Air Transportation, Scheduled (4512)

akta.pro primary industry

Low-Cost Regional/Short-Haul Carriers (THABABAF)

Keywords

• Low-cost airline
• Inter-island flights
• Regional air transport
• Passenger aviation
• Air ticket booking

Headquarters

HQ city

Las Palmas

HQ country

Spain

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Airline ticket sales: Primary revenue stream from selling air transport tickets for passenger flights between the Canary Islands. The airline operates on a low-cost model with four fare tiers (Lo Puesto, LowCos, FullEquip, FullEquip+) offering different inclusions.
2. Ancillary services: Additional revenue from optional extras including seat selection (standard seats 2€/journey, XL/preferred exit seats 3€/journey) and extra checked baggage (1 piece up to 20kg for 10€).

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Canaryfly is a Spanish low-cost airline that sells passenger air transport tickets for inter-island flights between the Canary Islands using an ATR 72 turboprop fleet. Its core offering is a self-service flight booking and management experience (website, mobile apps, and call center) combined with four tiered fares (Lo Puesto, LowCos, FullEquip, FullEquip+) and ancillary paid extras such as seat selection and extra checked baggage. The company also provides special assistance for passengers with reduced mobility, pet transport, and resident/large-family discount programs.

Product overview

Canaryfly is a low-cost airline operating as a single unified service focused on inter-island flights within the Canary Islands. The core offering consists of the flight booking platform combined with a tiered fare structure (Lo Puesto, LowCos, FullEquip, and FullEquip+), each providing progressively more included services such as baggage allowances, seat selection, refunds, and priority services. The airline also offers ancillary services including extra baggage, seat selection, special assistance for passengers with reduced mobility, and pet travel. The company operates an ATR 72 turboprop fleet and connects 7 of the 8 Canary Islands.

Differentiator

Problem solved

Functional benefit

Products and services

• Canaryfly Flight Booking Platform Online booking and trip management platform where individual passengers can search inter-island flights in the Canary Islands, purchase tickets, manage reservations, check in and obtain boarding passes. Available in Spanish and English via canaryfly.es and complemented by iOS/Android apps.
• Inter-island passenger air transport (ATR 72 fleet) Core air transport service for passengers traveling between the Canary Islands, operated with ATR 72 turboprop aircraft of less than 90 seats, marketed as efficient, comfortable and reliable for short regional routes. Eligible for resident and large-family discounts on applicable fares.
• Lo Puesto Fare Basic fare for individual passengers that includes hand luggage up to 8 kg (one cabin bag 45x35x25 cm plus one under-seat handbag) with no checked baggage, no seat selection, no refunds and no date changes. Resident and large-family discounts may apply.
• LowCos Fare Mid-tier fare for individual passengers that includes hand luggage up to 8 kg and one checked bag up to 20 kg. Seat selection is not included but can be added for a fee.
• FullEquip Fare Full-service fare for individual passengers that includes hand luggage, checked baggage up to 20 kg, seat selection, refund and date change options, priority waitlist access for flight changes, and priority baggage handling.
• FullEquip+ Fare Top-tier fare for individual passengers that includes all FullEquip benefits plus the option to transport sports equipment such as golf clubs as checked baggage instead of a regular suitcase.
• Seat Selection Add-on Optional paid add-on allowing passengers to choose their preferred seat. Standard seats start at 2 EUR per journey and XL or exit-row seats start at 3 EUR per journey.
• Extra Baggage Add-on Optional paid add-on allowing passengers to add one additional checked baggage piece of up to 20 kg for 10 EUR, available across all fare tiers.
• Canary Islands Resident Discount Discount program for individual passengers registered as residents of the Canary Islands, offering reduced fares on inter-island flights, subject to documentary requirements defined by Canaryfly.
• Large Family Discount Discount program for individual passengers from certified large families: 5% off for General Large Family (Type I) and 10% off for Special Large Family (Type II) on applicable fares.
• Special Assistance (PRM) Assistance service for individual passengers with reduced mobility (PRM), covering movement through the airport and boarding the aircraft; must be requested at least 48 hours before departure.
• Pet Travel Service for individual passengers that allows transporting pets in the cabin on Canaryfly flights, subject to company conditions and requirements.
• Canaryfly Mobile App (iOS/Android) Native mobile applications for individual passengers available on Google Play and the App Store, enabling flight search, booking, reservation management and boarding pass retrieval for inter-island flights.
• Booking Management Service Self-service booking management for individual passengers through the website, enabling flight changes, seat selection, addition of extra baggage, and boarding pass retrieval.

Quantifiable outcome

• Historic record of 625,000+ passengers transported in 2024, growing 22% year-over-year
• +1 more outcomes

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators4 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Aurigny Air Services: Aurigny is a small Channel Islands-based regional airline operating short turboprop flights connecting Guernsey, Alderney, and the UK mainland. Highly comparable to Canaryfly as a small regional carrier serving geographically constrained island communities with limited transport alternatives and using turboprop aircraft for short routes.
• Widerøe: Widerøe is a Norwegian regional carrier operating short-haul turboprop flights connecting coastal communities and islands in Norway. Comparable in operating model to Canaryfly: regional airline, ATR/Dash turboprop fleet, point-to-point short routes serving geographically dispersed island/regional communities with limited alternative transport options.
• Binter Canarias: Binter Canarias is the incumbent regional airline operating inter-island flights between the Canary Islands. It is the most direct competitor to Canaryfly, operating similar ATR turboprop equipment on overlapping routes, with Canaryfly having positioned itself as the low-cost challenger to Binter's traditional regional model.
• Loganair: Loganair is a UK-based regional airline operating short-haul routes connecting Scottish islands and UK regional communities, often using turboprop aircraft. Highly comparable in operating model: small regional carrier, turboprop fleet, point-to-point short-haul routes serving island/regional communities with high frequency.
• Blue Islands: Blue Islands is a small regional airline operating short-haul flights connecting the Channel Islands with the UK mainland. Comparable to Canaryfly as a small, focused regional carrier serving island communities with turboprop/regional jets on short inter-island and island-to-mainland routes.

Broad incumbents

• Ryanair: Ryanair is Europe's largest ultra-low-cost carrier operating extensive services to/from the Canary Islands from European cities. While it serves a different market segment (international vs Canaryfly's inter-island), it competes for the same price-sensitive leisure traveler and shares the unbundled LCC commercial philosophy.
• Air Europa: Air Europa is a Spanish airline (part of Globalia group) operating domestic and international flights including to the Canary Islands. Comparable as a Spanish carrier with significant Canary Islands presence, though operating a hybrid full-service/LCC model rather than a pure LCC approach.
• Iberia (Iberia Express): Iberia, via its Iberia Express LCC subsidiary, operates domestic flights within Spain including to the Canary Islands. Comparable as a Spanish-headquartered carrier that operates LCC-style short-haul flights within Spain, though at a much larger scale and with a broader network beyond the Canaries.
• easyJet: easyJet is a major European low-cost carrier with significant operations to the Canary Islands from UK and European bases. Comparable as a European short-haul LCC targeting price-sensitive leisure travelers, though it does not operate inter-island routes like Canaryfly does.

Regional players

• Vueling: Vueling is a Spanish low-cost carrier owned by IAG that operates domestic and European routes including services to/from the Canary Islands. While it is a much larger LCC serving many markets, it shares the low-cost commercial model that Canaryfly has adopted for inter-island travel.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/Canaryfly_
• YouTubeyoutube.com/@CanaryflyAirlines
• Facebookfacebook.com/canaryfly.airlines
• LinkedInes.linkedin.com/company/canaryfly
• Instagraminstagram.com/canaryfly

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Canaryfly