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. Ahmet C. Ay

    Ahmet C. Ay6 orë më parë

    AtlasGlobal is now bankrupt.

  2. Mohammed elmounadil

    Mohammed elmounadilDitë më parë

    You missed Air Italy...

  3. Tsamane

    TsamaneDitë më parë

    So when an airline goes under, what happens to the planes currently in the air?

  4. MCFC OK

    MCFC OK2 ditë më parë

    Monarch was a Manchester based airline not London

  5. Alex Robinson

    Alex Robinson4 ditë më parë

    Lower price = killer business

  6. Yash Mishra

    Yash Mishra5 ditë më parë

    Jet airways in India.

  7. Jake Finzel

    Jake Finzel5 ditë më parë

    If you think about it a plane ticket is cheap as shit for what it buys you

  8. William_Aviation0

    William_Aviation05 ditë më parë

    Air Italy has gone into liquidation

  9. jgumm

    jgumm6 ditë më parë

    a bit late but my guess will be that Norwegian will fall this fall

  10. Richard Richard

    Richard Richard8 ditë më parë

    Chipriot? What the hell is that? You meant Cypriot, pronounced "Sip-priot".

  11. EricssonB

    EricssonB8 ditë më parë

    So I just watched one of your old videos. What changed your voice so much.

  12. bluerisk

    bluerisk8 ditë më parë

    So pay a bit more and fly with a flag carrier like Lufthansa or British Airways. If they go bankrupt, Europe will be in a state that you won't return anyway.

  13. The Everyday Boy

    The Everyday Boy9 ditë më parë

    Not Cathay Pacific next please! That will be depressing!

  14. skeleguns 10,ooo,ooo

    skeleguns 10,ooo,ooo11 ditë më parë

    This is what happens when business people makes bad decisions

  15. Turbotroll

    Turbotroll13 ditë më parë

    The fact that these airlines are mainly European is just a current coincidence. The US may have seen the same thing had the six majors not merged into three. Of course, such industry leaders and giants as Pan Am and TWA fell over years ago. Note that it's not the European giants like BA, Air France-KLM or Lufthansa falling over, but smaller scheduled or charter airlines. Jet Airways of India and Transaero of Russia can also be added to the list as quite large operations that went bust. Jetstar is owned by Qantas, and benefits from the latter's market power when, for example, buying new aircraft. I believe Scoot is owned by the same Singapore government holding company owner of Singapore Airlines. Typically Jetstar and Scoot will not fly to destinations likely to compete for premium passengers with "big brother" (Qantas and Singapore Airlines) but to tourist destinations like Hawaii rather than LAX or New York

  16. Sarath p

    Sarath p14 ditë më parë

    What happened to Kingfisher airlines ?

  17. Tarek Alhussayni

    Tarek Alhussayni18 ditë më parë

    Let's how he'll turn this one about airplanes

  18. Dr Shravan Kumar

    Dr Shravan Kumar18 ditë më parë

    They go bankrupt because they bankrupt people who flyied with them?

  19. DY

    DY18 ditë më parë

    Wendover... answering questions u never bother searching but still think bout

  20. Eddy A.

    Eddy A.19 ditë më parë

    The chick with the white shirt at 5:49 has a nice ass

  21. BLACK_HyDrA161

    BLACK_HyDrA16120 ditë më parë

    rip panam

  22. Peng zhang

    Peng zhang21 ditë më parë

    Bitch ! Taiwan islands belong to China 🇨🇳 forever! If you want divide China 🇨🇳 ,I hope your country will divide several countries! Go to hell bitch

  23. Lime Limeson

    Lime Limeson22 ditë më parë

    wahoo

  24. Zx Wolf

    Zx Wolf24 ditë më parë

    Me: Why so many airlines are going bankrupt? Ryanair and Easyjet: Because of us lol

  25. DΔRIO MΔRCHESI

    DΔRIO MΔRCHESI24 ditë më parë

    I think you will find its pronounced Sip-priat not chip-priat

  26. Frankie Bedek

    Frankie Bedek25 ditë më parë

    Curious if Canada follows that busiest in summer pattern... lots of people want to run south during the winter.

  27. Ege T

    Ege T25 ditë më parë

    Think it this way, if a airline gonna close the shop it will try to stay up untill fall. This way they can get 1 last summer money.

  28. SONTU BANERJEE

    SONTU BANERJEE26 ditë më parë

    Move your ass out of Europe.

  29. Naomi Thorn

    Naomi Thorn27 ditë më parë

    Since the narrator seems to keep comparing US to Europe airlines: In the US our national train system is in shambles. It's not a viable option aside very specific areas like the NE part of the country and certain parts of California. Say for business purposes, someone whom wanted to take a train ride rather than a plane - they likely don't have a choice. Want to go from Chicago to Nashville 474 miles (762 km)? No line runs to Nashville's city of 1.9 million metropolitan population. Want to go from the large cities of Atlanta to Orlando 438 miles away? You'll either: 1. drive 6 1/2 hours by car, 2. take a short plane ride, or 3. take a train 638 miles (1026 km) northward to DC in 14 hours, just to come back down south slightly eastward to orlando for a 19 hour 850 mile (1368 km) journey. A grueling 38 hour long trip including 5 hours of wait time between transfer cities. At the end if you want a room with a bed for the journey you'll end up paying much more than the price of a plane ticket. 😣🤔 This unusable train system does make plane travel between cities more than a few hours car ride away the only sensible method of transit.

  30. Kerus

    Kerus28 ditë më parë

    Sorry, but the voice of this video is so uncomfotable, I have to stop it.

  31. Kevin Holland

    Kevin Holland28 ditë më parë

    because airlines go out of their way to piss their potential customers off and have inconsistent pricing. Flight from west coast USA that stops in DFW then ends in europe is 4 TIMES cheaper than just going from the middle destination of DFW to the same place in europe. Less gas used 4 times markup. insanity.

  32. Dean Winchester

    Dean Winchester29 ditë më parë

    Bottomline: eu economy is sht and going bellyup

  33. MaxHD2490 Avenger

    MaxHD2490 Avenger29 ditë më parë

    I really need to stop watching Air Disasters since some of the airlines companies end up defuncted after a major airliner crash.

  34. Michael Charalambous

    Michael Charalambous29 ditë më parë

    The pronunciation of "Cypriot" hurt 😬

  35. Muntazir nigga

    Muntazir niggaMuaj më parë

    Thomas Cook collapsed recently

  36. squid's don't have ankles

    squid's don't have anklesMuaj më parë

    Flybe

  37. collins obado

    collins obadoMuaj më parë

    Kenya airways will be next

  38. Luke McCrory

    Luke McCroryMuaj më parë

    9:03 Norwegian: am I a joke to you?

  39. CKBmay10

    CKBmay1018 ditë më parë

    Luke McCrory - Commercially you’d be right to say Norwegian is missing but... Wendover is right, Norwegian not have financial success from low cost long haul. It struggles a lot.

  40. Conga

    CongaMuaj më parë

    The smaller the Airline's logo is the bigger their company grows

  41. LuciMax

    LuciMaxMuaj më parë

    chipriot btw

  42. .a. .ko.

    .a. .ko.Muaj më parë

    And how do you pronounce “Cypriot “? 😀😀

  43. Ryanqube

    RyanqubeMuaj më parë

    Airlines that acts like a college students. Works on summer and broke before Christmas.

  44. Simon Pearce

    Simon PearceMuaj më parë

    And bang goes FlyBe...

  45. Blizzard Gaming

    Blizzard GamingMuaj më parë

    What happened to jet airways

  46. z-dawg hacker

    z-dawg hackerMuaj më parë

    RIP ADRIA nobody cared about you

  47. Aniruddha R

    Aniruddha RMuaj më parë

    European airlines are collapsing : Air India : you son of a bitch i am in 👋😏

  48. james dean

    james deanMuaj më parë

    Nobody talks about the massive pilot shortage?

  49. Cláudio Borges

    Cláudio BorgesMuaj më parë

    planes in europe are doomed. within such close markets, high speed trains are the solution!! faster and faster: you can go lisbon to paris, london to wien, atena to budapest, riga to odesa and moscow to berlim. in just few hours. same as planes. and no security line. HST are the future

  50. Rhadaze

    RhadazeMuaj më parë

    "For exampooow"

  51. Northeast Transport

    Northeast TransportMuaj më parë

    Flybe, the UK’s biggest regional airline, may be also going bust soon...

  52. Northeast Transport

    Northeast TransportMuaj më parë

    @Noxava yeah just heard about that

  53. Noxava

    NoxavaMuaj më parë

    They got a bailout from the government forn ow.

  54. Jack Perry

    Jack PerryMuaj më parë

    Here before Flybe bucks the September/October trend

  55. Jo Bowler

    Jo BowlerMuaj më parë

    Virgin-dies in the rail life,gets more traffic in the Air

  56. mueez adam

    mueez adamMuaj më parë

    Glad this whole fad is dying and we can finally get back to using horse-drawn carriages.

  57. mueez adam

    mueez adam28 ditë më parë

    Jose8090 I can’t believe you’re saying cars and trains are better than horse-carriages. It’s called “horsepower” for a reason.

  58. Jose8090

    Jose8090Muaj më parë

    mueez adam even if planes go away we still have cars and trains

  59. Jon athan

    Jon athanMuaj më parë

    It doesn't help either when aircraft manufacturers are asking 100 to 400 million per aircraft, and 20k per day to fly and on top of that a go around is around 4k... It's the quickest way to go bust.

  60. WizaDude

    WizaDudeMuaj më parë

    Ah yes Ryanair

  61. Douglas Jackson

    Douglas JacksonMuaj më parë

    How do you make a small fortune in the airline business? Start with a large one.

  62. fillupread

    fillupreadMuaj më parë

    Awe, poor asshats...I can take a 3 day cruise for less than a 3 hour flight, even in the off season. Air travel in the US is a scam. A majority of the flights are business based which is paid by companies and wrote off as an expense. That leaves the common leisure traveler paying excessively high ticket prices. Not to mention in the US, we are treated like cattle where as on a cruise ship, we are treated like a guest. Most of the US flights are handled by a 3rd party company doing business for the airlines and the tickets are sold through another 3rd party company, meanwhile all the assholes have to get their cut which helps to drive the prices through the roof. To hell with all the commercial airlines and I hope they all go belly up.

  63. NoOnesFault

    NoOnesFaultMuaj më parë

    While watching this I got an airlane ad

  64. Tyler c

    Tyler cMuaj më parë

    Planes!!!

  65. Ev an

    Ev anMuaj më parë

    What if elon musk made an airplane?