Why So Many Airlines are Going Bankrupt

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  • Published on Oct 8, 2019
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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

Comments • 3 974

  • Richard I The Lionheart

    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 12 hours ago

    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 12 hours ago

    You have a lot of airlines in europe.

  • TheFlyingCoconut 07
    TheFlyingCoconut 07 16 hours ago

    7:59 That’s 300 Toyota Corollas!

  • bagariddum
    bagariddum 21 hour ago

    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 21 hour ago

    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 23 hours ago

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

  • FST Study
    FST Study Day ago +1

    OK this is a little off topic comment here.



    But I think new UScliprs (like myself) should learn the art of making thumbnails from you.

  • Laurens Rodi
    Laurens Rodi Day ago

    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 Day ago

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

  • Diogo F
    Diogo F Day ago

    Wendover should do some videos not about planes

  • Jahn Kaplank
    Jahn Kaplank Day ago

    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 Day ago

    Salam from Kokdiang, Malaysia.

  • Whyareall
    Whyareall 2 days ago

    "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 2 days ago

    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 2 days ago

    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 2 days ago +1

    Wendover productions is secretly a 737

  • Dugroz Reports
    Dugroz Reports 2 days ago

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

  • Baran Orak
    Baran Orak 2 days ago

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

  • Charlie
    Charlie 2 days ago

    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 2 days ago

    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 2 days ago

    Nobody:
    Wendover: Airlines

  • kirtikumar sonawane
    kirtikumar sonawane 2 days ago

    Jet airways?

  • Tim Keachie
    Tim Keachie 2 days ago

    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 3 days ago

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

  • Juan José Peñaranda

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

  • Hakunetsu YT
    Hakunetsu YT 3 days ago

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

  • Lella Pelaou
    Lella Pelaou 3 days ago +1

    I take issue with how you said "Cypriot"

  • ReconMANCER
    ReconMANCER 3 days ago

    because of Mr. Garrison´s "It"

  • Abhishek Srivastava
    Abhishek Srivastava 3 days ago

    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 3 days ago

    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 3 days ago +1

    1:03
    Cobalt Air: a small CHEAPriot carrier LMAO

  • Pankaj naik
    Pankaj naik 3 days ago

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

  • Mr. Popo
    Mr. Popo 3 days ago

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

  • DivineAlign8
    DivineAlign8 3 days ago +1

    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 3 days ago

    so basically, go to asia

  • Vesperin
    Vesperin 3 days ago

    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 3 days ago

    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

    Mr Garrison will be happy

  • alan m
    alan m 4 days ago +1

    "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 Day ago

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

  • Jai Raven
    Jai Raven 4 days ago

    5:49 anyone else notice the woman had wet herself

  • Xiad Xiad
    Xiad Xiad 4 days ago

    Is this the voice of Ownage pranks ?

  • Eurasian ST
    Eurasian ST 4 days ago

    Scat

  • Anime Banz
    Anime Banz 4 days ago

    Very Eurocentric video.

  • Tathagat Chatterjee
    Tathagat Chatterjee 4 days ago

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

  • Forgan Mreeman
    Forgan Mreeman 4 days ago

    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 4 days ago

    Heard a lot of noise recently about WOW air

  • Bob Jones
    Bob Jones 4 days ago

    It's called capitalism.

  • Fish Ed
    Fish Ed 4 days ago

    Because we teleporting now duh

  • Alex Nezhynsky
    Alex Nezhynsky 4 days ago

    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 4 days ago

    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 4 days ago +1

    Topic goes from why airlines go bankrupt to discussing Thomas cook.

  • Felix Taraiva
    Felix Taraiva 4 days ago

    Kenya Airways... once "The Pride of Africa" -- until 2015

  • inkooh8
    inkooh8 4 days ago

    So, their profits are doing great. When will they stop charging for our first checked bag?

  • Abhimanyu Bhardwaj
    Abhimanyu Bhardwaj 4 days ago

    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 4 days ago +1

    Pan Am:
    “Are you challenging me?”

  • koteswara Rao Parvataneni

    This video went viral for some reason.

  • TheOldSin
    TheOldSin 4 days ago

    The Otaku Era

  • Gautam Jain
    Gautam Jain 4 days ago

    You forgot jet airways

  • TheDark Knut
    TheDark Knut 4 days ago

    Did u really miss Jet airways from India? 21000 people lost their jobs. Probably the biggest case.