Why So Many Airlines are Going Bankrupt

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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

Komente

  1. Fish Ed

    Fish Ed7 orë më parë

    Because we teleporting now duh

  2. Alex Nezhynsky

    Alex Nezhynsky8 orë më parë

    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

  3. Ben Hansen

    Ben Hansen9 orë më parë

    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!

  4. Sami Tangu

    Sami Tangu11 orë më parë

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

  5. Felix Taraiva

    Felix Taraiva11 orë më parë

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

  6. inkooh8

    inkooh812 orë më parë

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

  7. Abhimanyu Bhardwaj

    Abhimanyu Bhardwaj12 orë më parë

    Mate.. Pls include Jet Airways from India as well.. It was largest commercial passenger airline of India.. Grounded since 17 April 2019... Cheers!

  8. Hurley Law

    Hurley Law12 orë më parë

    Pan Am: “Are you challenging me?”

  9. koteswara Rao Parvataneni

    koteswara Rao Parvataneni13 orë më parë

    This video went viral for some reason.

  10. TheOldSin

    TheOldSin13 orë më parë

    The Otaku Era

  11. Gautam Jain

    Gautam Jain15 orë më parë

    You forgot jet airways

  12. TheDark Knut

    TheDark Knut17 orë më parë

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

  13. Stuart Hollingsead

    Stuart Hollingsead17 orë më parë

    so essentially they don't know how to save money... I get paid every 2 weeks. I have 0 income between paychecks... I overcome this by having an emergency account, and a safe keeping fund. I also budget. guess people should learn to save money.

  14. Yogesh Rao

    Yogesh Rao17 orë më parë

    Airlines failing is not because it's in europe, In India many airlines have failed, Jet airways, Kingfisher, deccan, indian airlines, Air india, ambica, kalinga etc

  15. Orka DRLJAČA

    Orka DRLJAČA18 orë më parë

    usa is to blame

  16. Rem

    Rem18 orë më parë

    ok youtube stfu i'm gonna watch this video

  17. vietimports

    vietimports18 orë më parë

    airline bubble popping?

  18. Ryan Agnew

    Ryan Agnew18 orë më parë

    Very informative peice, thank you

  19. The Dude

    The Dude18 orë më parë

    Damn I start feeling bad for the companies in EU

  20. Abraham Zheng

    Abraham Zheng19 orë më parë

    can you do a video about VLCC and ULCC

  21. Bitrey

    Bitrey19 orë më parë

    Imagine hearing the pilot mid flight saying "I'm no longer the pilot"

  22. the Noscope 4 20 Dollars!

    the Noscope 4 20 Dollars!19 orë më parë

    It's funny to me that I hear *profit* all the time but then suddenly their bankrupt. They gotta make like 2€ a month to get insolvent that fast. Shouldn't they have like millions of dollars backhand that would last entire lifetimes for other people?

  23. Tombomskiy

    Tombomskiy19 orë më parë

    in europe the train is a better option

  24. Lil niglet

    Lil niglet19 orë më parë

    Dude im not going to take a train from slovenia to Luxembourg its better to just fly

  25. USS Trekky

    USS Trekky20 orë më parë

    “This video was made possible by Thomas Cook”

  26. Divereth

    Divereth20 orë më parë

    Thanks dude, I'm about to board an European airline plane and it's October.

  27. Dipraj Tamang

    Dipraj Tamang20 orë më parë

    Really love your videos..... Have you stop making videos on geographical problem's??? I'm miss those videos.... Anyway, lot's of love from Nepal🥰🥰🥰

  28. The Xiarthos

    The Xiarthos20 orë më parë

    Long story short, without all the crap: We're in a global recession, and probably soon Depression. There is no other reason for it. And if you look carefully, you will quickly find out that it affects other companies as well, not only airlines. Get your seatbelts ready. We will not recover easily from that next financial crash.

  29. -

    -20 orë më parë

    Why airlines are going bankrupt. Because they overcharge for economy and cram everyone in with very little leg room.

  30. CHANGE_NICK

    CHANGE_NICK22 orë më parë

    Sounds good to me. Just keep the promise.

  31. Marshall Islands G

    Marshall Islands G23 orë më parë

    Hearing the words Malaysian Airlines gives me the creeps.

  32. Ashish Jindal

    Ashish JindalDitë më parë

    Jet airways - INDIA

  33. mrdabbleswithpotion

    mrdabbleswithpotionDitë më parë

    Look, I'm not about giving charity to weak businesses. To me the businesses should be let to run on their own, to which other critics would say I'm too laissez faire. If they fail, then they do. Absolute freedom, other than criminally illegal, also is not ideal, as certain practices would have adverse effects in possibly several markets & the economy. Though I'm not so strict, to say giving grants or financial support to businesses that are cultural, but you have be very, very careful with those things. It's so easy to attribute very soft (sometimes stupid) policies with me coz I primarily identify as liberal.

  34. Mahek Tailor

    Mahek TailorDitë më parë

    In India 2 airlines collapsed into bankruptcy .

  35. Jefferson Jefferson

    Jefferson JeffersonDitë më parë

    Someone is a little pissed at losing a 900 million loan🙈

  36. Apte Varad

    Apte VaradDitë më parë

    In India many airlines are also going shutdown due to money crisis Like jet airways, Kingfisher and many more

  37. moutan100

    moutan100Ditë më parë

    The whole world will bankrupt soon

  38. Purpleoceangnome

    PurpleoceangnomeDitë më parë

    And they want to commercialize space. Just hope your Mars cruiser line doesn't go out of business before you get where your headed

  39. Wischmopps

    WischmoppsDitë më parë

    Worst customer support of the world. Fuck you Airlines

  40. Lesbian Amazon Sister

    Lesbian Amazon SisterDitë më parë

    This is a very well put together video, thank you

  41. Aman Panda

    Aman PandaDitë më parë

    Kind of forgot to mention Asian airline collapses.

  42. Kalas Atwater

    Kalas AtwaterDitë më parë

    They have to lower their prices

  43. Michael O'Keefe

    Michael O'KeefeDitë më parë

    I played airline simulator and airline bankrupt MISSION FAILED!!!!!!!

  44. Studa Baker

    Studa BakerDitë më parë

    I've flown on 3 defunct airlines: Eastern, TWA, Midwest Express

  45. ALBER PAJARES

    ALBER PAJARESDitë më parë

    Cause people crash us down,.. socialism, anti-liberalism, jerking,..

  46. Smiley TV

    Smiley TVDitë më parë

    Thomas Cokks history was 150 years not 50

  47. B737FLY

    B737FLYDitë më parë

    As far as Cook is concerned... I feel you missed a big reason for their downfall. Huge overhead. Whereas most airlines moved to the online environment for ticket sales, Cook had a shitload of brick and mortar locations and agencies. Dinosaur style....

  48. Jesus Gonzalez

    Jesus GonzalezDitë më parë

    You failed to mention Germania, a leisure carrier which failed in February, not autumn...

  49. Remo Kiltol

    Remo KiltolDitë më parë

    Cough cough, jet airways, Air India, Kingfisher airlines, all from India.

  50. Azraai Azuha

    Azraai AzuhaDitë më parë

    Fellow proud Malaysians, where you at?! 🇲🇾

  51. Flash 🇿🇦

    Flash 🇿🇦Ditë më parë

    I actually watched a Thomas Cook plane loaded and taking off on the 13 October 2019 at YVR Vancouver 🤔... (i.imgur.com/OfyvrZf.jpg) I heard about the bankruptcy in September, so I found it pretty odd. Maybe they've already re-leased the planes leased by Thomas Cook?

  52. Apfelbaumuniversum 69

    Apfelbaumuniversum 69Ditë më parë

    You even forgot Germania which went bankrupt in 2019

  53. just1desi

    just1desiDitë më parë

    Are you on another channel? You’re voice is really familiar

  54. TNARG 1998

    TNARG 1998Ditë më parë

    what font do you use?

  55. Karl Hans

    Karl HansDitë më parë

    better no airplane flying because there destroy the earth by creating polution

  56. Mr. Cheesecake

    Mr. CheesecakeDitë më parë

    What's about Germania?

  57. Hxcgangster2011

    Hxcgangster2011Ditë më parë

    I blame uber

  58. Dorian G

    Dorian GDitë më parë

    And then you have Croatia Airlines which has soo much debt, isn't profitable, and yet the government is giving tens of millions of taxpayers' €€€ to save it.😫

  59. Si4mon

    Si4monDitë më parë

    Sam, I have already written you a DM on your instagram but I got no reaction.. I am looking for the references of the two other flight videos you made "How airlines price tickets" and "How budget airline works". I really need it for my studies, we have to do a seminar work and we are only allowed to use scientific literature. It would be a great help for me.

  60. Gregorio Lobato

    Gregorio LobatoDitë më parë

    Answer: Ronald Raegan

  61. Romeo

    RomeoDitë më parë

    We have other modes of transport in Europe, the competition is split between air, rail and road. That's why the seasonality is higher during the summer - more long distance demand.