Why So Many Airlines are Going Bankrupt

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Animation by Josh Sherrington
Sound by Graham Haerther (www.Haerther.net)
Thumbnail by Simon Buckmaster
Music by epidemicsound.com
Select footage courtesy the AP Archive
References:
[1] www.airlines.iata.org/news/iata-forecasts-355bn-net-profit-for-airlines-in-2019
[2] blog.aci.aero/airport-markets-and-seasonal-variations/
[3] www.macrotrends.net/stocks/charts/RYAAY/ryanair-holdings/gross-profit
[4] voxeu.org/article/eu-s-insolvency-reform
[5] www.ft.com/content/15ecdab8-c960-11e9-a1f4-3669401ba76f
[6] www.ft.com/content/986c4e6e-db81-11e9-8f9b-77216ebe1f17
[7] tcairlinesuk?lang=en
[8] thepointsguy.co.uk/news/on-thomas-cook-repatriation-flight/
[9] web.archive.org/web/20190514055927/en.wikipedia.org/wiki/Palma_de_Mallorca_Airport#Airlines_and_destinations
[10] thepointsguy.co.uk/news/on-thomas-cook-repatriation-flight/
[11] www.seatguru.com/airlines/Malaysia_Airlines/Malaysia_Airlines_Airbus_A380_new.php; www.flightradar24.com/data/aircraft/9m-mnf

Kommentarer 

  1. Anonoz Chong

    Anonoz Chong

    5 timer siden

    AirAsia X a financial success? No LOL.

  2. Lava Yuki

    Lava Yuki

    8 timer siden

    I never thought Thomas Cook would go bankrupt since it seemed so popular

  3. Daniel Eyre

    Daniel Eyre

    9 timer siden

    And this despite the generous subsidies.

  4. Chris Taylor

    Chris Taylor

    18 timer siden

    uhhhhh..... 5:50 ? Someone has had a substantial accident....

  5. Lilitha11

    Lilitha11

    19 timer siden

    Seems like they knew ahead of time they were going to collapse, so not saying anything til the last minute and stopping flights when people already boarded them seems like a dick move. I am sure they could of canceled a lot of flights further out, and then sold off planes and stuff to fund operations for the more near term flights, to have a more controlled collapse.

  6. Ban

    Ban

    19 timer siden

    It bothers me you spent a significant portion of this video making a socialist pitch, wherein you completely acknowledge the benefits of the government funded flights and dont even have the objectivity to mention whether the dollars spent on those flights are worth it.

  7. Craig Lawson

    Craig Lawson

    19 timer siden

    Not raising the prices by 200% in summer would help them get more bookings instead if trying to rip off hard working people

  8. Spring4030 Zxqa6519

    Spring4030 Zxqa6519

    21 time siden

    If your completion went out of business, wouldn't that get you more customers and you can then increase prices.

  9. Spring4030 Zxqa6519

    Spring4030 Zxqa6519

    21 time siden

    If your completion went out of business, wouldn't that get you more customers and you can then increase prices.

  10. Nick P. Wilde

    Nick P. Wilde

    Dag siden

    2:40 The Airline Passengers Per Month graph is deceptive. It starts at 90 instated of 0.

  11. Biko from the Lowlands

    Biko from the Lowlands

    Dag siden

    Same thing as with car brands right? I’m going to watch the video now, let’s see

  12. Solid_Snake

    Solid_Snake

    Dag siden

    Also Alitalia is going bankrupt🇮🇹

  13. Mike Imbesi

    Mike Imbesi

    Dag siden

    If you think that's a bad business model, you should see shipping. Constant overcapacity. There's also typically a 7 year cycle where 5 or 6 years are unprofitable and only 1 or 2 years are profitable.

  14. Brandon Lee

    Brandon Lee

    Dag siden

    You have a lot of airlines in europe.

  15. TheFlyingCoconut 07

    TheFlyingCoconut 07

    Dag siden

    7:59 That’s 300 Toyota Corollas!

  16. bagariddum

    bagariddum

    Dag siden

    8:08 thomas cook cost the uk TAX PAYER a shit tonne of money NOT the bloody govt ! meanwhile the 'execs' robbed the company of 50 MILLION pounds. JAIL TIME required for those scum.

  17. bagariddum

    bagariddum

    Dag siden

    Thomas Cook "executives" (AKA: criminals) looted 50 MILLION POUNDS from the company in the lead up to its collapse. They called the stolen funds: "bonuses"...how quaint.

  18. Bruno Lapinski

    Bruno Lapinski

    2 dager siden

    It's good these companies are going bankrupt because less planes means less CO2, so its better for the environment.

  19. FST Study

    FST Study

    2 dager siden

    OK this is a little off topic comment here. But I think new NOplayerrs (like myself) should learn the art of making thumbnails from you.

  20. Laurens Rodi

    Laurens Rodi

    2 dager siden

    how big of a factor is (expensive) unionized air and ground personnel in Europe on the struggling finances of these (former) companies ?

  21. Levy Roth

    Levy Roth

    2 dager siden

    No one can afford to travel anywhere anymore because we're all getting poorer, not richer. Duh!

  22. Diogo F

    Diogo F

    2 dager siden

    Wendover should do some videos not about planes

  23. Jahn Kaplank

    Jahn Kaplank

    2 dager siden

    so the problem is not the airlines but the debtors. Why don't they structure the pay-back of debt to coincide with high profit months? (pay more when the cash flow is good, and pay near NOTHING during the hard months). it is common knowledge that, since their inception, BANKS have been nothing but trouble. They leave you alone as long as you're making them money, but the MINUTE you don't pay, they STEAL your wealth through foreclosures. Fight the banks, not the operators.

  24. Abdul Hakim

    Abdul Hakim

    3 dager siden

    Salam from Kokdiang, Malaysia.

  25. Whyareall

    Whyareall

    3 dager siden

    "everything is ready to go, everyone knows what to do and how to do it, but the flight can't go because everything is owned by some old white dudes in suits thousands of miles away and they say no" is a big reason capitalism is such bullshit

  26. vengefulenigma

    vengefulenigma

    3 dager siden

    Adria airways has had problems for years now, but only went bankrupt like 2 weeks ago. It wasn't that big of an airline, but it was the only Slovenian airline.

  27. Henry Phillips

    Henry Phillips

    3 dager siden

    I used to LOVE flying when I was a child then I started to hate it for all the obvious reasons: Long queues, ears pop, crying children ect ect. But then I stopped flying Thomas Cook and everything changed, I LOVE Flying again. No coincidence.

  28. Certified Dead Memes

    Certified Dead Memes

    3 dager siden

    Wendover productions is secretly a 737

  29. Dugroz Reports

    Dugroz Reports

    3 dager siden

    Chipriot? With an "h"? Is that right?

  30. Baran Orak

    Baran Orak

    3 dager siden

    That loser from HalfAsInteresting just called you plain and lame! >:

  31. Charlie

    Charlie

    3 dager siden

    There's like a minute missing that I cannot remember and in that time I ended up at this video a demon did it,,,

  32. Southern Arawak

    Southern Arawak

    3 dager siden

    We are seeing the end of European coercion and colonialism. All European nations and their main colonies (USA, Australia, etc) are hurting badly and I strongly doubt here will be a recovery from the next recession-depression.

  33. Alex

    Alex

    3 dager siden

    Nobody: Wendover: Airlines

  34. kirtikumar sonawane

    kirtikumar sonawane

    3 dager siden

    Jet airways?

  35. Tim Keachie

    Tim Keachie

    4 dager siden

    the big shits are buying them up its to keep us in our owe country and keep there plane up to chemtriling our skys

  36. Subodh Karwa

    Subodh Karwa

    4 dager siden

    You missed Jet Airways which went bankrupt in 2019. Its was a Star Alliance Partner operating out of India.

  37. Juan José Peñaranda

    Juan José Peñaranda

    4 dager siden

    Let me correct your title: Why so many *_European_* airlines are going bankrupt

  38. Hakunetsu YT

    Hakunetsu YT

    4 dager siden

    MAS yet again with their generousity, XD been quite generous since their establishment

  39. Lella Pelaou

    Lella Pelaou

    4 dager siden

    I take issue with how you said "Cypriot"

  40. ReconMANCER

    ReconMANCER

    4 dager siden

    because of Mr. Garrison´s "It"

  41. Abhishek Srivastava

    Abhishek Srivastava

    4 dager siden

    In India well respected airline Jet Airways also collapsed. In its hey day the market evaluation of jet airways was close to American Airlines.

  42. David Frankal

    David Frankal

    4 dager siden

    Should also mention UK airlines are particularly vulnerable atm due to Brexit-related uncertainty - this certainly contributed to the demise of Thomas Cook

  43. Konnos Vatamidis

    Konnos Vatamidis

    4 dager siden

    1:03 Cobalt Air: a small CHEAPriot carrier LMAO

    • luciferin22

      luciferin22

      Dag siden

      I also noticed that xD

  44. Pankaj naik

    Pankaj naik

    4 dager siden

    Why not news about india...ther passager increase bt airlines sink.

  45. Mr. Popo

    Mr. Popo

    4 dager siden

    It's because of the EU (European Union) not other factors.

  46. DivineAlign8

    DivineAlign8

    4 dager siden

    Somehow i came across your series and even though I originally wasn’t into the fine print of aviation the way you explain everything is addictive and easy to follow. Great docuseries

  47. Hexide

    Hexide

    5 dager siden

    so basically, go to asia

  48. Vesperin

    Vesperin

    5 dager siden

    are you telling me shopify is 9 dollars a month when I've been paying for it at 30 a month, basic plan!

  49. Pyro- Jeewlian

    Pyro- Jeewlian

    5 dager siden

    Whatever you say. But I bet many of those airlines would still be flying if it weren't for the crazy fligt-taxes that Europe and especially Germany are wageing on us.

  50. Max the Black Leopard

    Max the Black Leopard

    5 dager siden

    Mr Garrison will be happy

  51. alan m

    alan m

    5 dager siden

    "JetStar, AirAsia X, Scoot the only airlines to have seen financial success from long-haul low cost".....but what about Air Canada Rouge?

    • Russell Nadin

      Russell Nadin

      3 dager siden

      Air Canada has recieved multiple bailouts as well as subsidies over the decades. Air Canada is not a success story.

  52. Jai Raven

    Jai Raven

    5 dager siden

    5:49 anyone else notice the woman had wet herself

    • Johnny, my penis is unbearably small, but

      Johnny, my penis is unbearably small, but

      3 dager siden

      What

  53. Xiad Xiad

    Xiad Xiad

    5 dager siden

    Is this the voice of Ownage pranks ?

  54. Eurasian ST

    Eurasian ST

    5 dager siden

    Scat

  55. Anime Banz

    Anime Banz

    5 dager siden

    Very Eurocentric video.

  56. Tathagat Chatterjee

    Tathagat Chatterjee

    5 dager siden

    They missed a lot of other airlines across the globe..

  57. Forgan Mreeman

    Forgan Mreeman

    5 dager siden

    think about all the money you can make if you can figure out a way to make commercial planes fly with little to no fossil fuel. 💰 💰 💰

  58. Shea Balden

    Shea Balden

    5 dager siden

    Heard a lot of noise recently about WOW air

  59. Bob Jones

    Bob Jones

    5 dager siden

    It's called capitalism.

  60. Fish Ed

    Fish Ed

    5 dager siden

    Because we teleporting now duh

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