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Why So Many Airlines are Going Bankrupt

Wendover Productions
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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] twitter.com/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

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8 oct. 2019

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Commentaires 3 974
Richard I The Lionheart
Richard I The Lionheart Il y a 3 heures
And while european airlines collapse, the italian governement wants to put a tax on people who use planes... italian governement is the most useless and so part of its population(commies)
Mike Imbesi
Mike Imbesi Il y a 12 heures
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.
Brandon Lee
Brandon Lee Il y a 12 heures
You have a lot of airlines in europe.
TheFlyingCoconut 07
TheFlyingCoconut 07 Il y a 16 heures
7:59 That’s 300 Toyota Corollas!
bagariddum
bagariddum Il y a 21 heure
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.
bagariddum
bagariddum Il y a 21 heure
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.
Bruno Lapinski
Bruno Lapinski Il y a 23 heures
It's good these companies are going bankrupt because less planes means less CO2, so its better for the environment.
FST Study
FST Study Il y a jour
OK this is a little off topic comment here. But I think new FRvidrs (like myself) should learn the art of making thumbnails from you.
Laurens Rodi
Laurens Rodi Il y a jour
how big of a factor is (expensive) unionized air and ground personnel in Europe on the struggling finances of these (former) companies ?
Levy Roth
Levy Roth Il y a jour
No one can afford to travel anywhere anymore because we're all getting poorer, not richer. Duh!
Diogo F
Diogo F Il y a jour
Wendover should do some videos not about planes
Jahn Kaplank
Jahn Kaplank Il y a jour
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.
Abdul Hakim
Abdul Hakim Il y a jour
Salam from Kokdiang, Malaysia.
Whyareall
Whyareall Il y a 2 jours
"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
vengefulenigma
vengefulenigma Il y a 2 jours
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.
Henry Phillips
Henry Phillips Il y a 2 jours
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.
Certified Dead Memes
Certified Dead Memes Il y a 2 jours
Wendover productions is secretly a 737
Dugroz Reports
Dugroz Reports Il y a 2 jours
Chipriot? With an "h"? Is that right?
Baran Orak
Baran Orak Il y a 2 jours
That loser from HalfAsInteresting just called you plain and lame! >:
Charlie
Charlie Il y a 2 jours
There's like a minute missing that I cannot remember and in that time I ended up at this video a demon did it,,,
Southern Arawak
Southern Arawak Il y a 2 jours
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.
Alex
Alex Il y a 2 jours
Nobody: Wendover: Airlines
kirtikumar sonawane
kirtikumar sonawane Il y a 2 jours
Jet airways?
Tim Keachie
Tim Keachie Il y a 2 jours
the big shits are buying them up its to keep us in our owe country and keep there plane up to chemtriling our skys
Subodh Karwa
Subodh Karwa Il y a 3 jours
You missed Jet Airways which went bankrupt in 2019. Its was a Star Alliance Partner operating out of India.
Juan José Peñaranda
Juan José Peñaranda Il y a 3 jours
Let me correct your title: Why so many *_European_* airlines are going bankrupt
Hakunetsu YT
Hakunetsu YT Il y a 3 jours
MAS yet again with their generousity, XD been quite generous since their establishment
Lella Pelaou
Lella Pelaou Il y a 3 jours
I take issue with how you said "Cypriot"
ReconMANCER
ReconMANCER Il y a 3 jours
because of Mr. Garrison´s "It"
Abhishek Srivastava
Abhishek Srivastava Il y a 3 jours
In India well respected airline Jet Airways also collapsed. In its hey day the market evaluation of jet airways was close to American Airlines.
David Frankal
David Frankal Il y a 3 jours
Should also mention UK airlines are particularly vulnerable atm due to Brexit-related uncertainty - this certainly contributed to the demise of Thomas Cook
Konnos Vatamidis
Konnos Vatamidis Il y a 3 jours
1:03 Cobalt Air: a small CHEAPriot carrier LMAO
Pankaj naik
Pankaj naik Il y a 3 jours
Why not news about india...ther passager increase bt airlines sink.
Mr. Popo
Mr. Popo Il y a 3 jours
It's because of the EU (European Union) not other factors.
DivineAlign8
DivineAlign8 Il y a 3 jours
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
Hexide
Hexide Il y a 3 jours
so basically, go to asia
Vesperin
Vesperin Il y a 3 jours
are you telling me shopify is 9 dollars a month when I've been paying for it at 30 a month, basic plan!
Pyro- Jeewlian
Pyro- Jeewlian Il y a 3 jours
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.
Max the Black Leopard
Max the Black Leopard Il y a 3 jours
Mr Garrison will be happy
alan m
alan m Il y a 4 jours
"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 Il y a jour
Air Canada has recieved multiple bailouts as well as subsidies over the decades. Air Canada is not a success story.
Jai Raven
Jai Raven Il y a 4 jours
5:49 anyone else notice the woman had wet herself
Xiad Xiad
Xiad Xiad Il y a 4 jours
Is this the voice of Ownage pranks ?
Eurasian ST
Eurasian ST Il y a 4 jours
Scat
Anime Banz
Anime Banz Il y a 4 jours
Very Eurocentric video.
Tathagat Chatterjee
Tathagat Chatterjee Il y a 4 jours
They missed a lot of other airlines across the globe..
Forgan Mreeman
Forgan Mreeman Il y a 4 jours
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. 💰 💰 💰
Shea Balden
Shea Balden Il y a 4 jours
Heard a lot of noise recently about WOW air
Bob Jones
Bob Jones Il y a 4 jours
It's called capitalism.
Fish Ed
Fish Ed Il y a 4 jours
Because we teleporting now duh
Alex Nezhynsky
Alex Nezhynsky Il y a 4 jours
Nothing bad about this at all. What, do you expect businesses to emerge and expand indefinitely? Sometimes they fail and go out of operation. Everything in economics is cyclical, don't make it sound doom and gloom
Ben Hansen
Ben Hansen Il y a 4 jours
So I get reading out a list of companies once, but there really is no reason to deadpan read the same list several times in the same video. Just list the airlines as text on the screen and talk about them. It got painful to listen to after a bit. Thanks for the work you do!
Sami Tangu
Sami Tangu Il y a 4 jours
Topic goes from why airlines go bankrupt to discussing Thomas cook.
Felix Taraiva
Felix Taraiva Il y a 4 jours
Kenya Airways... once "The Pride of Africa" -- until 2015
inkooh8
inkooh8 Il y a 4 jours
So, their profits are doing great. When will they stop charging for our first checked bag?
Abhimanyu Bhardwaj
Abhimanyu Bhardwaj Il y a 4 jours
Mate.. Pls include Jet Airways from India as well.. It was largest commercial passenger airline of India.. Grounded since 17 April 2019... Cheers!
Darkened
Darkened Il y a 4 jours
Pan Am: “Are you challenging me?”
koteswara Rao Parvataneni
This video went viral for some reason.
TheOldSin
TheOldSin Il y a 4 jours
The Otaku Era
Gautam Jain
Gautam Jain Il y a 4 jours
You forgot jet airways
TheDark Knut
TheDark Knut Il y a 4 jours
Did u really miss Jet airways from India? 21000 people lost their jobs. Probably the biggest case.
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