Why So Many Airlines are Going Bankrupt

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  • Published on: 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
  • Runtime : 11:23
  • aviation airplanes airport airplane planes monarch air thomas cook thomas cook uk thomas cook airlines thomas cook airlines collapse why thomas cook went bankrupt why airlines go bankrupt insolvency bankrupcy business finance economics industry uk europe united kingdom atol caa wendover productions hai half as interesting

COMMENTS: 40

  • Subodh Karwa
    Subodh Karwa   4 hours ago

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

  • Hakunetsu YT
    Hakunetsu YT   7 hours ago

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

  • Lella Pelaou
    Lella Pelaou   9 hours ago

    I take issue with how you said "Cypriot"

  • Abhishek Srivastava
    Abhishek Srivastava   14 hours ago

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

  • David Frankal
    David Frankal   14 hours ago

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

  • Pankaj naik
    Pankaj naik   16 hours ago

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

  • Mr. Popo
    Mr. Popo   16 hours ago

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

  • DivineAlign8
    DivineAlign8   18 hours ago

    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

  • Hexide
    Hexide   19 hours ago

    so basically, go to asia

  • Vesperin
    Vesperin   19 hours ago

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

  • Pyro- Jeewlian
    Pyro- Jeewlian   20 hours ago

    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.

  • alan m
    alan m   21 hours ago

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

  • Jai Raven
    Jai Raven   21 hours ago

    5:49 anyone else notice the woman had wet herself

  • Xiad Xiad
    Xiad Xiad   1 days ago

    Is this the voice of Ownage pranks ?

  • Forgan Mreeman
    Forgan Mreeman   1 days ago

    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. 💰 💰 💰

  • Shea Balden
    Shea Balden   1 days ago

    Heard a lot of noise recently about WOW air

  • Fish Ed
    Fish Ed   1 days ago

    Because we teleporting now duh

  • Alex Nezhynsky
    Alex Nezhynsky   1 days ago

    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

  • Ben Hansen
    Ben Hansen   1 days ago

    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!

  • Sami Tangu
    Sami Tangu   1 days ago

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

  • Felix Taraiva
    Felix Taraiva   1 days ago

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

  • inkooh8
    inkooh8   1 days ago

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

  • Abhimanyu Bhardwaj
    Abhimanyu Bhardwaj   1 days ago

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

  • Hurley Law
    Hurley Law   1 days ago

    Pan Am:“Are you challenging me?”

  • TheDark Knut
    TheDark Knut   1 days ago

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

  • Stuart Hollingsead
    Stuart Hollingsead   1 days ago

    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.

  • Yogesh Rao
    Yogesh Rao   1 days ago

    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

  • Rem
    Rem   1 days ago

    ok youtube stfu i'm gonna watch this video