Why So Many Airlines are Going Bankrupt

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  • Published: 08 October 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

Comments • 4 356

  • SONTU BANERJEE
    SONTU BANERJEE  23 hours back

    Move your ass out of Europe.

    • Naomi Thorn
      Naomi Thorn  2 days back

      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.

      • Kerus
        Kerus  2 days back

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

        • Kevin Holland
          Kevin Holland  3 days back

          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.

          • Dean Winchester
            Dean Winchester  3 days back

            Bottomline: eu economy is sht and going bellyup

            • MaxHD2490 Avenger
              MaxHD2490 Avenger  4 days back

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

              • Michael Charalambous
                Michael Charalambous  4 days back

                The pronunciation of "Cypriot" hurt 😬

                • Fab Five
                  Fab Five  5 days back

                  Thomas Cook collapsed recently

                  • squid's don't have ankles

                    Flybe

                    • collins obado
                      collins obado  6 days back

                      Kenya airways will be next

                      • Luke McCrory
                        Luke McCrory  6 days back

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

                        • Conga
                          Conga  7 days back

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

                          • LuciMax
                            LuciMax  1 weeks back

                            chipriot btw

                            • .a. .ko.
                              .a. .ko.  1 weeks back

                              And how do you pronounce “Cypriot “? 😀😀

                              • Ryanqube
                                Ryanqube  1 weeks back

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

                                • Simon Pearce
                                  Simon Pearce  1 weeks back

                                  And bang goes FlyBe...

                                  • Blizzard Gaming
                                    Blizzard Gaming  1 weeks back

                                    What happened to jet airways

                                    • z-dawg hacker
                                      z-dawg hacker  1 weeks back

                                      RIP ADRIA
                                      nobody cared about you

                                      • Aniruddha R
                                        Aniruddha R  1 weeks back

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

                                        • james dean
                                          james dean  1 weeks back

                                          Nobody talks about the massive pilot shortage?

                                          • Cláudio Borges
                                            Cláudio Borges  1 weeks back

                                            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

                                            • Rhadaze
                                              Rhadaze  1 weeks back

                                              "For exampooow"

                                              • Northeast Transport
                                                Northeast Transport  1 weeks back

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

                                                • Northeast Transport
                                                  Northeast Transport  1 weeks back

                                                  @Noxava yeah just heard about that

                                                • Noxava
                                                  Noxava  1 weeks back

                                                  They got a bailout from the government forn ow.

                                              • Jack Perry
                                                Jack Perry  1 weeks back

                                                Here before Flybe bucks the September/October trend

                                                • Jo Bowler
                                                  Jo Bowler  1 weeks back

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

                                                  • Timothy Mutuma
                                                    Timothy Mutuma  1 weeks back

                                                    Can you do African airlines next?

                                                    • mueez adam
                                                      mueez adam  1 weeks back

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

                                                      • mueez adam
                                                        mueez adam  3 days back

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

                                                      • Jose8090
                                                        Jose8090  4 days back

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

                                                    • Jon athan
                                                      Jon athan  1 weeks back

                                                      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.

                                                      • WizaDude
                                                        WizaDude  1 weeks back

                                                        Ah yes Ryanair

                                                        • Douglas Jackson
                                                          Douglas Jackson  2 weeks back

                                                          How do you make a small fortune in the airline business?

                                                          Start with a large one.

                                                          • fillupread
                                                            fillupread  2 weeks back

                                                            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.

                                                            • NoOnesFault
                                                              NoOnesFault  2 weeks back

                                                              While watching this I got an airlane ad

                                                              • Tyler c
                                                                Tyler c  2 weeks back

                                                                Planes!!!

                                                                • Ev an
                                                                  Ev an  2 weeks back

                                                                  What if elon musk made an airplane?

                                                                  • Stanley Lin
                                                                    Stanley Lin  2 weeks back

                                                                    Half as interesting sounds the same are they same person

                                                                    • M S
                                                                      M S  2 weeks back

                                                                      Kingfisher Airlines???

                                                                      • Jhin Four
                                                                        Jhin Four  2 weeks back

                                                                        he sounfs like realifelore

                                                                        • Merc
                                                                          Merc  2 weeks back

                                                                          You focused a bit too much on the random info of what happened with the Cook airlines. It would be nice to hear more about the macro situation for airlines globally, and not have a 3 minute segment on what happened to an airline when they went bankrupt.

                                                                          • fingergrip
                                                                            fingergrip  2 weeks back

                                                                            could have done a much better analysis.. sorry but very generic. not enough data

                                                                            • alex luke
                                                                              alex luke  2 weeks back

                                                                              Adria was full of insolvency and plenty of bad money management...renting airplanes from Cyprus and other low-tax area which was in truth rooted back to Slovenian HQ of Adria...enough of loaning from state, the bankruptcy was the only option. Reast in peaca Adria, hope you'll never come back...we need something new, maybe from a foreign airline that knows it's business.

                                                                              • K. Rahimi
                                                                                K. Rahimi  2 weeks back

                                                                                me: "Go to sleep, you need to work tomorrow."
                                                                                Also me: "But why do airlines go bankrupt???"

                                                                                • TTGGaming
                                                                                  TTGGaming  2 weeks back

                                                                                  You missed the going down of Jet Airways the largest Indian private airline

                                                                                  • Rexy 1776
                                                                                    Rexy 1776  2 weeks back

                                                                                    I liked Wow a lot that sucks.

                                                                                    • Food and Travel
                                                                                      Food and Travel  2 weeks back

                                                                                      Jet Airways was also a really high profile airline that went bust in 2019, it’s sad that airlines these days are struggling to make a good profit

                                                                                      • jai prakash Singh
                                                                                        jai prakash Singh  2 weeks back

                                                                                        Small correction to the title "Why So Many European Airlines are Going Bankrupt
                                                                                        ".

                                                                                        • johnsamu
                                                                                          johnsamu  2 weeks back

                                                                                          So it's possibly safer to book with a state owned airline company to prevent having to swim back home when your airline company goes belly up.

                                                                                          • SavageKingTexas _
                                                                                            SavageKingTexas _  2 weeks back

                                                                                            Dad: Why are you crying so damn loud?
                                                                                            Me watches this:

                                                                                            • Shashank Kumar
                                                                                              Shashank Kumar  2 weeks back

                                                                                              Jet airways also followed same path.