Why So Many Airlines are Going Bankrupt

Share
HTML-code
  • Published: 08 October 2019
  • Start building your online store with Shopify for free for 14 days by signing up at http://shopify.com/wendover

    Buy a Wendover Productions t-shirt from our Shopify-powered store: https://standard.tv/collections/wendover-productions/products/wendover-productions-shirt

    Listen to Extremities at http://ExtremitiesPodcast.com

    Subscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinteresting

    Youtube: http://www.YouTube.com/WendoverProductions
    Instagram: http://Instagram.com/sam.from.wendover
    Twitter: http://www.Twitter.com/WendoverPro
    Sponsorship Enquiries: [email protected]
    Other emails: [email protected]
    Reddit: http://Reddit.com/r/WendoverProductions

    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 • 4 366

  • Peng zhang
    Peng zhang  22 minutes back

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

    • Lime Limeson
      Lime Limeson  1 days back

      wahoo

      • Zx Wolf
        Zx Wolf  3 days back

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

        • DΔRIO MΔRCHESI
          DΔRIO MΔRCHESI  3 days back

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

          • Frankie Bedek
            Frankie Bedek  4 days back

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

            • Ege T
              Ege T  4 days back

              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.

              • SONTU BANERJEE
                SONTU BANERJEE  6 days back

                Move your ass out of Europe.

                • Naomi Thorn
                  Naomi Thorn  6 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  7 days back

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

                    • Kevin Holland
                      Kevin Holland  1 weeks 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  1 weeks back

                        Bottomline: eu economy is sht and going bellyup

                        • MaxHD2490 Avenger
                          MaxHD2490 Avenger  1 weeks 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  1 weeks back

                            The pronunciation of "Cypriot" hurt 😬

                            • Fab Five
                              Fab Five  1 weeks back

                              Thomas Cook collapsed recently

                              • squid's don't have ankles

                                Flybe

                                • collins obado
                                  collins obado  1 weeks back

                                  Kenya airways will be next

                                  • Luke McCrory
                                    Luke McCrory  2 weeks back

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

                                    • Conga
                                      Conga  2 weeks back

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

                                      • LuciMax
                                        LuciMax  2 weeks back

                                        chipriot btw

                                        • .a. .ko.
                                          .a. .ko.  2 weeks back

                                          And how do you pronounce “Cypriot “? 😀😀

                                          • Ryanqube
                                            Ryanqube  2 weeks back

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

                                            • Simon Pearce
                                              Simon Pearce  2 weeks back

                                              And bang goes FlyBe...

                                              • Blizzard Gaming
                                                Blizzard Gaming  2 weeks back

                                                What happened to jet airways

                                                • z-dawg hacker
                                                  z-dawg hacker  2 weeks back

                                                  RIP ADRIA
                                                  nobody cared about you

                                                  • Aniruddha R
                                                    Aniruddha R  2 weeks back

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

                                                    • james dean
                                                      james dean  2 weeks back

                                                      Nobody talks about the massive pilot shortage?

                                                      • Cláudio Borges
                                                        Cláudio Borges  2 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  2 weeks back

                                                          "For exampooow"

                                                          • Northeast Transport
                                                            Northeast Transport  2 weeks back

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

                                                            • Northeast Transport
                                                              Northeast Transport  2 weeks back

                                                              @Noxava yeah just heard about that

                                                            • Noxava
                                                              Noxava  2 weeks back

                                                              They got a bailout from the government forn ow.

                                                          • Jack Perry
                                                            Jack Perry  2 weeks back

                                                            Here before Flybe bucks the September/October trend

                                                            • Jo Bowler
                                                              Jo Bowler  2 weeks back

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

                                                              • Timothy Mutuma
                                                                Timothy Mutuma  2 weeks back

                                                                Can you do African airlines next?

                                                                • mueez adam
                                                                  mueez adam  2 weeks back

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

                                                                  • mueez adam
                                                                    mueez adam  1 weeks 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  1 weeks back

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

                                                                • Jon athan
                                                                  Jon athan  2 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  2 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  3 weeks back

                                                                                Half as interesting sounds the same are they same person

                                                                                • M S
                                                                                  M S  3 weeks back

                                                                                  Kingfisher Airlines???

                                                                                  • Jhin Four
                                                                                    Jhin Four  3 weeks back

                                                                                    he sounfs like realifelore

                                                                                    • Merc
                                                                                      Merc  3 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  3 weeks back

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

                                                                                        • alex luke
                                                                                          alex luke  3 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  3 weeks back

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

                                                                                            • TTGGaming
                                                                                              TTGGaming  3 weeks back

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