Why So Many Airlines are Going Bankrupt

  • нийтэлсэн 12 өдрийн өмнө

    Wendover Productions

    Үргэлжлэх хугацаа: 11:23

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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

Ban
Ban

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.

3 цагийн өмнө
Craig Lawson
Craig Lawson

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

3 цагийн өмнө
Spring4030 Zxqa6519
Spring4030 Zxqa6519

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

5 цагийн өмнө
Spring4030 Zxqa6519
Spring4030 Zxqa6519

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

5 цагийн өмнө
Nick P. Wilde
Nick P. Wilde

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

8 цагийн өмнө
Biko from the Lowlands
Biko from the Lowlands

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

8 цагийн өмнө
Solid_Snake
Solid_Snake

Also Alitalia is going bankrupt🇮🇹

8 цагийн өмнө
Mike Imbesi
Mike Imbesi

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.

22 цагийн өмнө
Brandon Lee
Brandon Lee

You have a lot of airlines in europe.

22 цагийн өмнө
TheFlyingCoconut 07
TheFlyingCoconut 07

7:59 That’s 300 Toyota Corollas!

Өдрийн өмнө
bagariddum
bagariddum

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.

Өдрийн өмнө
bagariddum
bagariddum

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.

Өдрийн өмнө
Bruno Lapinski
Bruno Lapinski

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

Өдрийн өмнө
FST Study
FST Study

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.

Өдрийн өмнө
Laurens Rodi
Laurens Rodi

how big of a factor is (expensive) unionized air and ground personnel in Europe on the struggling finances of these (former) companies ?

Өдрийн өмнө
Levy Roth
Levy Roth

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

Өдрийн өмнө
Diogo F
Diogo F

Wendover should do some videos not about planes

2 өдрийн өмнө
Jahn Kaplank
Jahn Kaplank

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.

2 өдрийн өмнө
Abdul Hakim
Abdul Hakim

Salam from Kokdiang, Malaysia.

2 өдрийн өмнө
Whyareall
Whyareall

"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

2 өдрийн өмнө
vengefulenigma
vengefulenigma

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.

2 өдрийн өмнө
Henry Phillips
Henry Phillips

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.

2 өдрийн өмнө
Certified Dead Memes
Certified Dead Memes

Wendover productions is secretly a 737

2 өдрийн өмнө
Dugroz Reports
Dugroz Reports

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

2 өдрийн өмнө
Baran Orak
Baran Orak

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

3 өдрийн өмнө
Charlie
Charlie

There's like a minute missing that I cannot remember and in that time I ended up at this video a demon did it,,,

3 өдрийн өмнө
Southern Arawak
Southern Arawak

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.

3 өдрийн өмнө
Alex
Alex

Nobody: Wendover: Airlines

3 өдрийн өмнө
kirtikumar sonawane
kirtikumar sonawane

Jet airways?

3 өдрийн өмнө
Tim Keachie
Tim Keachie

the big shits are buying them up its to keep us in our owe country and keep there plane up to chemtriling our skys

3 өдрийн өмнө
Subodh Karwa
Subodh Karwa

You missed Jet Airways which went bankrupt in 2019. Its was a Star Alliance Partner operating out of India.

3 өдрийн өмнө
Juan José Peñaranda
Juan José Peñaranda

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

3 өдрийн өмнө
Hakunetsu YT
Hakunetsu YT

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

3 өдрийн өмнө
Lella Pelaou
Lella Pelaou

I take issue with how you said "Cypriot"

3 өдрийн өмнө
ReconMANCER
ReconMANCER

because of Mr. Garrison´s "It"

3 өдрийн өмнө
Abhishek Srivastava
Abhishek Srivastava

In India well respected airline Jet Airways also collapsed. In its hey day the market evaluation of jet airways was close to American Airlines.

4 өдрийн өмнө
David Frankal
David Frankal

Should also mention UK airlines are particularly vulnerable atm due to Brexit-related uncertainty - this certainly contributed to the demise of Thomas Cook

4 өдрийн өмнө
Konnos Vatamidis
Konnos Vatamidis

1:03 Cobalt Air: a small CHEAPriot carrier LMAO

4 өдрийн өмнө
luciferin22
luciferin22

I also noticed that xD

8 цагийн өмнө
Pankaj naik
Pankaj naik

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

4 өдрийн өмнө
Mr. Popo
Mr. Popo

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

4 өдрийн өмнө
DivineAlign8
DivineAlign8

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

4 өдрийн өмнө
Hexide
Hexide

so basically, go to asia

4 өдрийн өмнө
Vesperin
Vesperin

are you telling me shopify is 9 dollars a month when I've been paying for it at 30 a month, basic plan!

4 өдрийн өмнө
Pyro- Jeewlian
Pyro- Jeewlian

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.

4 өдрийн өмнө
Max the Black Leopard
Max the Black Leopard

Mr Garrison will be happy

4 өдрийн өмнө
alan m
alan m

"JetStar, AirAsia X, Scoot the only airlines to have seen financial success from long-haul low cost".....but what about Air Canada Rouge?

4 өдрийн өмнө
Russell Nadin
Russell Nadin

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

2 өдрийн өмнө
Jai Raven
Jai Raven

5:49 anyone else notice the woman had wet herself

4 өдрийн өмнө
Johnny, my penis is unbearably small, but
Johnny, my penis is unbearably small, but

What

3 өдрийн өмнө
Xiad Xiad
Xiad Xiad

Is this the voice of Ownage pranks ?

4 өдрийн өмнө
Eurasian ST
Eurasian ST

Scat

4 өдрийн өмнө
Anime Banz
Anime Banz

Very Eurocentric video.

4 өдрийн өмнө
Tathagat Chatterjee
Tathagat Chatterjee

They missed a lot of other airlines across the globe..

4 өдрийн өмнө
Forgan Mreeman
Forgan Mreeman

think about all the money you can make if you can figure out a way to make commercial planes fly with little to no fossil fuel. 💰 💰 💰

4 өдрийн өмнө
Shea Balden
Shea Balden

Heard a lot of noise recently about WOW air

4 өдрийн өмнө
Bob Jones
Bob Jones

It's called capitalism.

4 өдрийн өмнө
Fish Ed
Fish Ed

Because we teleporting now duh

4 өдрийн өмнө
Alex Nezhynsky
Alex Nezhynsky

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

4 өдрийн өмнө
Ben Hansen
Ben Hansen

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 өдрийн өмнө
Sami Tangu
Sami Tangu

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

5 өдрийн өмнө
Felix Taraiva
Felix Taraiva

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

5 өдрийн өмнө
inkooh8
inkooh8

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

5 өдрийн өмнө

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