Why So Many Airlines are Going Bankrupt

Share
HTML-code
  • Published: 08 October 2019
  • Start building your online store with Shopify for free for 14 days by signing up at http://shopify.com/wendover

    Buy a Wendover Productions t-shirt from our Shopify-powered store: https://standard.tv/collections/wendover-productions/products/wendover-productions-shirt

    Listen to Extremities at http://ExtremitiesPodcast.com

    Subscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinteresting

    Youtube: http://www.YouTube.com/WendoverProductions
    Instagram: http://Instagram.com/sam.from.wendover
    Twitter: http://www.Twitter.com/WendoverPro
    Sponsorship Enquiries: [email protected]
    Other emails: [email protected]ductions
    Reddit: http://Reddit.com/r/WendoverProductions

    Animation by Josh Sherrington
    Sound by Graham Haerther (http://www.Haerther.net)
    Thumbnail by Simon Buckmaster

    Music by http://epidemicsound.com
    Select footage courtesy the AP Archive

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

Comments • 3 987

  • Chris Taylor
    Chris Taylor  2 hours back

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

    • Lilitha11
      Lilitha11  2 hours back

      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.

      • Ban
        Ban  3 hours back

        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.

        • Craig Lawson
          Craig Lawson  3 hours back

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

          • Spring4030 Zxqa6519
            Spring4030 Zxqa6519  5 hours back

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

            • Spring4030 Zxqa6519
              Spring4030 Zxqa6519  5 hours back

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

              • Nick P. Wilde
                Nick P. Wilde  7 hours back

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

                • Biko from the Lowlands
                  Biko from the Lowlands  8 hours back

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

                  • Solid_Snake
                    Solid_Snake  8 hours back

                    Also Alitalia is going bankrupt🇮🇹

                    • Mike Imbesi
                      Mike Imbesi  21 hours back

                      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  22 hours back

                        You have a lot of airlines in europe.

                        • TheFlyingCoconut 07
                          TheFlyingCoconut 07  1 days back

                          7:59 That’s 300 Toyota Corollas!

                          • bagariddum
                            bagariddum  1 days back

                            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  1 days back

                              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  1 days back

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

                                • FST Study
                                  FST Study  1 days back

                                  OK this is a little off topic comment here.






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

                                  • Laurens Rodi
                                    Laurens Rodi  1 days back

                                    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  2 days back

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

                                      • Diogo F
                                        Diogo F  2 days back

                                        Wendover should do some videos not about planes

                                        • Jahn Kaplank
                                          Jahn Kaplank  2 days back

                                          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  2 days back

                                            Salam from Kokdiang, Malaysia.

                                            • Whyareall
                                              Whyareall  2 days back

                                              "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  3 days back

                                                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  3 days back

                                                  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  3 days back

                                                    Wendover productions is secretly a 737

                                                    • Dugroz Reports
                                                      Dugroz Reports  3 days back

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

                                                      • Baran Orak
                                                        Baran Orak  3 days back

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

                                                        • Charlie
                                                          Charlie  3 days back

                                                          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  3 days back

                                                            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  3 days back

                                                              Nobody:
                                                              Wendover: Airlines

                                                              • kirtikumar sonawane
                                                                kirtikumar sonawane  3 days back

                                                                Jet airways?

                                                                • Tim Keachie
                                                                  Tim Keachie  3 days back

                                                                  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  4 days back

                                                                    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  4 days back

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

                                                                      • Hakunetsu YT
                                                                        Hakunetsu YT  4 days back

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

                                                                        • Lella Pelaou
                                                                          Lella Pelaou  4 days back

                                                                          I take issue with how you said "Cypriot"

                                                                          • ReconMANCER
                                                                            ReconMANCER  4 days back

                                                                            because of Mr. Garrison´s "It"

                                                                            • Abhishek Srivastava
                                                                              Abhishek Srivastava  4 days back

                                                                              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  4 days back

                                                                                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  4 days back

                                                                                  1:03
                                                                                  Cobalt Air: a small CHEAPriot carrier LMAO

                                                                                • Pankaj naik
                                                                                  Pankaj naik  4 days back

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

                                                                                  • Mr. Popo
                                                                                    Mr. Popo  4 days back

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

                                                                                    • DivineAlign8
                                                                                      DivineAlign8  4 days back

                                                                                      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  4 days back

                                                                                        so basically, go to asia

                                                                                        • Vesperin
                                                                                          Vesperin  4 days back

                                                                                          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  4 days back

                                                                                            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  4 days back

                                                                                              Mr Garrison will be happy

                                                                                              • alan m
                                                                                                alan m  4 days back

                                                                                                "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  2 days back

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