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

  • Aditya D Pugalia
    Aditya D Pugalia   20 hours ago

    @wendover productions I like to bring your attention to Indian Airline Industry, I think this phenomena must be seen in other country as well. Hope you can make such video on Indian Airline also..

  • Pascal 556
    Pascal 556   3 days ago

    So when the UK government payed the flight for all these people, did they all fly economy or were there lucky ones that got into business class for free basically?

  • Tsamane
    Tsamane   5 days ago

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

  • MCFC OK
    MCFC OK   6 days ago

    Monarch was a Manchester based airline not London

  • Jake Finzel
    Jake Finzel   1 weeks ago

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

  • jgumm
    jgumm   1 weeks ago

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

  • Richard Richard
    Richard Richard   1 weeks ago

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

  • EricssonB
    EricssonB   1 weeks ago

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

  • bluerisk
    bluerisk   1 weeks ago

    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.

  • The Everyday Boy
    The Everyday Boy   1 weeks ago

    Not Cathay Pacific next please! That will be depressing!

  • Turbotroll
    Turbotroll   2 weeks ago

    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

  • Sarath p
    Sarath p   2 weeks ago

    What happened to Kingfisher airlines ?

  • Dr Shravan Kumar
    Dr Shravan Kumar   3 weeks ago

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

  • DY
    DY   3 weeks ago

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

  • Eddy A.
    Eddy A.   3 weeks ago

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

  • Peng zhang
    Peng zhang   3 weeks ago

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

  • Zx Wolf
    Zx Wolf   3 weeks ago

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

  • DΔRIO MΔRCHESI
    DΔRIO MΔRCHESI   4 weeks ago

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

  • Frankie Bedek
    Frankie Bedek   4 weeks ago

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

  • Ege T
    Ege T   4 weeks ago

    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.

  • Naomi Thorn
    Naomi Thorn   1 months ago

    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   1 months ago

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

  • Kevin Holland
    Kevin Holland   1 months ago

    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.

  • MaxHD2490 Avenger
    MaxHD2490 Avenger   1 months ago

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