Why So Many Airlines are Going Bankrupt

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  • Published on:  Tuesday, October 8, 2019
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    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
  • Source: https://youtu.be/cnfoTAxhpzQ

Comment

  • Chris Taylor

    Chris Taylor

     5 hours ago

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

  • Lilitha11

    Lilitha11

     6 hours 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

     6 hours 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

     6 hours 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

    Spring4030 Zxqa6519

     8 hours ago

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

  • Spring4030 Zxqa6519

    Spring4030 Zxqa6519

     8 hours ago

    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

     11 hours ago

    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

     11 hours ago

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

  • Solid_Snake

    Solid_Snake

     12 hours ago

    Also Alitalia is going bankrupt🇮🇹

  • Mike Imbesi

    Mike Imbesi

     yesterday

    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

     yesterday

    You have a lot of airlines in europe.

  • TheFlyingCoconut 07

    TheFlyingCoconut 07

     yesterday

    7:59 That’s 300 Toyota Corollas!

  • bagariddum

    bagariddum

     yesterday

    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

     yesterday

    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

     yesterday

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

  • FST Study

    FST Study

     yesterday +1

    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

     yesterday

    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

     yesterday

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

  • Diogo F

    Diogo F

     2 days ago

    Wendover should do some videos not about planes

  • Jahn Kaplank

    Jahn Kaplank

     2 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.