Why So Many Airlines are Going Bankrupt

  • Published on Oct 8, 2019
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    Animation by Josh Sherrington
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    Select footage courtesy the AP Archive
    [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 • 3 997

  • Eurekify!
    Eurekify! Hour ago

    Wendover productions?
    more like...
    *Bendover productions*

    I'm sorry I don't even know

  • Annie
    Annie 4 hours ago

    What's up with this stupid melodramatic background music?

  • Moe
    Moe 5 hours ago

    *without watching video*
    *shakes fist*

  • Geert Polmans
    Geert Polmans 6 hours ago

    You should make a video about the logistics of Tim Horton's. They have locations even in the most remote northern settlements. Would be very interesting to see how they supply them, how they can still sell things at an affordable price.

  • rishabh jalan
    rishabh jalan 9 hours ago

    Jet airways also collapsed

  • Marcus Magarian
    Marcus Magarian 11 hours ago

    Very good presentation! I was the last banker for XL Airways...

  • Kyle Darwin Enriquez
    Kyle Darwin Enriquez 13 hours ago

    It thinks there is going to be a disruption in the aviation industry yin the coming decade when battery density doubles.

  • namme hauusw
    namme hauusw 16 hours ago +1

    8:43 "This business model is a rather new phenomenon, made possible by squarespace"

  • Anonoz Chong
    Anonoz Chong 17 hours ago

    AirAsia X a financial success? No LOL.

  • Lava Yuki
    Lava Yuki 20 hours ago

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

  • Daniel Eyre
    Daniel Eyre 21 hour ago

    And this despite the generous subsidies.

  • Chris Taylor
    Chris Taylor Day ago

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

  • Lilitha11
    Lilitha11 Day ago

    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 Day ago

    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 Day ago

    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

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

  • Spring4030 Zxqa6519

    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 Day ago

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

  • Biko from the Lowlands

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

  • Solid_Snake
    Solid_Snake Day ago

    Also Alitalia is going bankrupt🇮🇹

  • Mike Imbesi
    Mike Imbesi 2 days 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 2 days ago

    You have a lot of airlines in europe.

  • TheFlyingCoconut 07
    TheFlyingCoconut 07 2 days ago +1

    7:59 That’s 300 Toyota Corollas!

  • bagariddum
    bagariddum 2 days 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 2 days 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 2 days 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 2 days ago +1

    OK this is a little off topic comment here.

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

  • Laurens Rodi
    Laurens Rodi 2 days 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 2 days ago

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

  • Diogo F
    Diogo F 3 days ago

    Wendover should do some videos not about planes

  • Jahn Kaplank
    Jahn Kaplank 3 days 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 3 days ago

    Salam from Kokdiang, Malaysia.

  • Whyareall
    Whyareall 3 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 3 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 3 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 4 days ago +2

    Wendover productions is secretly a 737

  • Dugroz Reports
    Dugroz Reports 4 days ago

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

  • Baran Orak
    Baran Orak 4 days ago

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

  • Charlie
    Charlie 4 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 4 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 4 days ago +1

    Wendover: Airlines

  • kirtikumar sonawane
    kirtikumar sonawane 4 days ago

    Jet airways?

  • Tim Keachie
    Tim Keachie 4 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 4 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 5 days ago

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

  • Lella Pelaou
    Lella Pelaou 5 days ago +3

    I take issue with how you said "Cypriot"

  • ReconMANCER
    ReconMANCER 5 days ago

    because of Mr. Garrison´s "It"

  • Abhishek Srivastava
    Abhishek Srivastava 5 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 5 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 5 days ago +2

    Cobalt Air: a small CHEAPriot carrier LMAO

  • Pankaj naik
    Pankaj naik 5 days ago

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

  • Mr. Popo
    Mr. Popo 5 days ago

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

  • DivineAlign8
    DivineAlign8 5 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 5 days ago

    so basically, go to asia

  • Vesperin
    Vesperin 5 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 5 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 5 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 3 days 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 5 days ago

    5:49 anyone else notice the woman had wet herself