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 • 4 097

  • myopinion2day
    myopinion2day  1 hours back

    If you don't mind me asking, where do you get your great footage for your videos? Do you film the content yourself?

    • Claire P.
      Claire P.  19 hours back

      forgot about small planet airlines and germania brankrupt in september/october 2018!

      • 马云
        马云  1 days back

        Just too many airlines out there...stiiff competition

        • Grace Warisnaratorn
          Grace Warisnaratorn  2 days back

          Why is there no time for restructering dept after bankruptcy like in usa?

          • aviation eddw
            aviation eddw  3 days back

            What's with Germania?

            • Souththpama International Mountainside Semi Trucks

              Thomas cook: Imma quit cooking.
              *A few years later*
              Thomas cook: Imma quit flying.

              • Nino Villaflor
                Nino Villaflor  5 days back

                airberlin won the zero emission award in the year 2020

                • Jeffrey Meng
                  Jeffrey Meng  5 days back

                  Has anybody else clicked on this video after watching it previously because the red cover image hid the youtube red watched bar on the bottom?

                  • CloutMuzik Beats
                    CloutMuzik Beats  5 days back

                    Wendover Airlines

                    • WarMike_1
                      WarMike_1  6 days back

                      Didn't you forget one of Russia's biggest airlines, that had transatlantic flights, Transaero?

                      • ignika98
                        ignika98  6 days back

                        It's pronounced "sihpriuht" not "chipriot".

                        Although I'm glad to see larnaca airport getting some representation.

                        • MrAsap2000as
                          MrAsap2000as  6 days back

                          Cuz it's more profitable to have monopolies, obviously.

                          • Itsme Alex
                            Itsme Alex  1 weeks back

                            GUYS THE DOLPHINS BEAT THE COLTS!

                            • Danny Gamer
                              Danny Gamer  1 weeks back

                              For anyone wondering about the palma to manchester, they booked them flights from Manchester and Liverpool to Belfast international and Belfast city, and some went to stranard/ cairnryan in Scotland and got the boat to Belfast and Larne with P&O ferries and Stena Line

                              • Eugen Barbula
                                Eugen Barbula  2 weeks back

                                It all began on the 9.11.2001, exactly 19 years after I was born, but one day you will understand the whole truth of this, it's origins even go back to the ancient maya civilization and their special number and kalender systems.

                                • Albatross_5000
                                  Albatross_5000  2 weeks back

                                  what really happens is; alot of planes gets repainted and it gets more costly to fly

                                  • vijay agroya
                                    vijay agroya  2 weeks back

                                    Jet airways?

                                    • Joe Patroni
                                      Joe Patroni  2 weeks back

                                      Long Live the Legacy Carriers. To hell with those low cost POS walmart buses.

                                      • MrLucasm7
                                        MrLucasm7  2 weeks back

                                        Hey Wendover! Germania also went bankrupt :)

                                        • Leon Liang
                                          Leon Liang  2 weeks back

                                          Can we get a “opposite” video that discuss how new airlines are started?

                                          • Sourya Mookerjee
                                            Sourya Mookerjee  2 weeks back

                                            You missed Jet Airways, the mother of airline collapse in 2019

                                            • siddharth khandelwal
                                              siddharth khandelwal  3 days back

                                              Reasons were different - Jet was very inefficient and the promoters sucked out money from the airline by funneling it into private accounts. Indian Aviation industry, on the whole, is far more stable than Europe's.
                                              Thomas Cook was a giant, it is the mother of all collapses.

                                          • Petra44YT Nein!
                                            Petra44YT Nein!  3 weeks back

                                            I took a flight with Air Berlin one week before they stopped operations. This was on a Dash, from Düsseldorf to Nürnberg. And there were only about 10 passengers on board! (I assume the others went by car or train, but I decided to risk it.)
                                            No more hearts when flying ... I still have my last one, though :-)

                                            • Roset828
                                              Roset828  3 weeks back

                                              Why so many *European airlines are going bankrupt

                                              • Ashutosh Anand
                                                Ashutosh Anand  3 weeks back

                                                You forgot Jet Airways

                                                • Sam Federman
                                                  Sam Federman  3 weeks back

                                                  5:15 wan*** in a leeds united kit

                                                  • Chuck Tomney
                                                    Chuck Tomney  3 weeks back

                                                    2:55 that explains why most flight reviewers are european (think FlightExperiance, Aviation 18)

                                                    • Joe Fran
                                                      Joe Fran  3 weeks back

                                                      Perfect video to watch before my flight

                                                      • The Netherlands
                                                        The Netherlands  3 weeks back

                                                        Even Boeing will go bankrupt.

                                                        • NavySeal 168
                                                          NavySeal 168  3 weeks back

                                                          Lol Malaysia Airlines also almost bankrupt

                                                          • Rahul Dev ETT
                                                            Rahul Dev ETT  3 weeks back

                                                            Nobody mentioning JetAirways, like India isn’t Europe, actually.

                                                            • Luke Alley
                                                              Luke Alley  3 weeks back

                                                              I'm not typically one to circle jerk about the UK, but the CAA is really cool.

                                                              • Multikalwin
                                                                Multikalwin  3 weeks back

                                                                The real question is how can a company that still pulled in a couple hundred million dollars in profit, while not as much as it once made, be failing company?

                                                                Oh that's right. It's not about profit, it's about investment and growth. Humanity allows the success of its economy to be driven by how much 1% of the populations investments made. This economic weapon of mass destruction known as "Wall Street." The oligarchs make money when is succeeds and make money when it fails.. Win Win for them. Pain and suffering for the rest.

                                                                • John Hyndman
                                                                  John Hyndman  3 weeks back

                                                                  One more reason, the elephant in the room that everyone is afraid to say: The influx of non-European immigrants have destroyed tourism in many formerly popular destinations, such as Paris and London.

                                                                  Similarly, the homeless problem in San Francisco has basically wiped out it's value as a travel destination. Who wants to step in human waste and syringes while lunatics scream at you?

                                                                  • skelos gaming
                                                                    skelos gaming  3 weeks back

                                                                    @John Hyndman that's cute. You don't recognize the irony.

                                                                  • John Hyndman
                                                                    John Hyndman  3 weeks back

                                                                    @skelos gaming Have fun stepping in poop! I hope a HIV+ syringe sticks you.

                                                                  • skelos gaming
                                                                    skelos gaming  3 weeks back

                                                                    To get away from you, elitist.

                                                                • qkhanhpro
                                                                  qkhanhpro  3 weeks back

                                                                  I wonder if normally, EU Airlines can rent the Aircraft to APAC Airlines in their low season? They already done that? They can not do that? Or APAC Airlines simply have no interest?

                                                                  • Amish Agarwal
                                                                    Amish Agarwal  3 weeks back

                                                                    Have you heard of Jet Airways? Its a good topic for one of your videos...

                                                                    • Federico Divino
                                                                      Federico Divino  3 weeks back

                                                                      You didn't mention Alitalia 😂

                                                                      • ChineseKiwi
                                                                        ChineseKiwi  3 weeks back

                                                                        THAI gonna go down soon!!!

                                                                        • Dzung Long
                                                                          Dzung Long  4 weeks back

                                                                          why are Asian airlines not as seasonal as European and American airlines? I am pretty sure we also travel a lot more during summer

                                                                          • Billy Bright
                                                                            Billy Bright  4 weeks back

                                                                            Plane

                                                                            • Suraj Grewal
                                                                              Suraj Grewal  4 weeks back

                                                                              serve southern hemisphere during low sale season.

                                                                              • Melvin Gehteuchdochnixan

                                                                                because they are selling the illusion that you can fly to anotger country for a 2 digit price.

                                                                                • Daimaou broww-sama
                                                                                  Daimaou broww-sama  4 weeks back

                                                                                  Here in Belgium thomas cook was actually profitable but it still had to shut down :(

                                                                                  • Addaguduri Anand
                                                                                    Addaguduri Anand  4 weeks back

                                                                                    Please try to provide some analysis of why "JET AIRWAYS" had collapsed.

                                                                                    • fartuar
                                                                                      fartuar  4 weeks back

                                                                                      5:31 I like the #ThomasCook hashtag when announcing bankruptcy

                                                                                      • tommy
                                                                                        tommy  4 weeks back

                                                                                        cant forget when the German Wings stopped flying.

                                                                                        • FranzJosephVonHier
                                                                                          FranzJosephVonHier  4 weeks back

                                                                                          What about Jet Airways tho? Or Asiana which is always close to dying? Aviancia Brazil going over board?

                                                                                          • SliceOfPotato
                                                                                            SliceOfPotato  4 weeks back

                                                                                            RIP Wow

                                                                                            • Jerry Martin
                                                                                              Jerry Martin  4 weeks back

                                                                                              I'm gonna leave this F here for the fallen airlines