Why So Many Airlines are Going Bankrupt

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    Animation by Josh Sherrington
    Sound by Graham Haerther (www.Haerther.net)
    Thumbnail by Simon Buckmaster
    Music by epidemicsound.com
    Select footage courtesy the AP Archive
    References:
    [1] www.airlines.iata.org/news/iata-forecasts-355bn-net-profit-for-airlines-in-2019
    [2] blog.aci.aero/airport-markets-and-seasonal-variations/
    [3] www.macrotrends.net/stocks/charts/RYAAY/ryanair-holdings/gross-profit
    [4] voxeu.org/article/eu-s-insolvency-reform
    [5] www.ft.com/content/15ecdab8-c960-11e9-a1f4-3669401ba76f
    [6] www.ft.com/content/986c4e6e-db81-11e9-8f9b-77216ebe1f17
    [7] twitter.com/tcairlinesuk?lang=en
    [8] thepointsguy.co.uk/news/on-thomas-cook-repatriation-flight/
    [9] web.archive.org/web/20190514055927/en.wikipedia.org/wiki/Palma_de_Mallorca_Airport#Airlines_and_destinations
    [10] thepointsguy.co.uk/news/on-thomas-cook-repatriation-flight/
    [11] www.seatguru.com/airlines/Malaysia_Airlines/Malaysia_Airlines_Airbus_A380_new.php; www.flightradar24.com/data/aircraft/9m-mnf

    Published on 14 days ago

    Comments

    1. Juan Gallego

      Why Airlines are becoming bankrupt? Because they keep flying Sam Chui on them.... 😂

    2. Chuck Tomney

      9:14 Air asia's flights also started dropping in 2014, only true avgeeks will get this

    3. SunsetSheen

      How about all the taxes and fees that are part of the ticket prices? Those eat massively into the airline’s margins.

    4. i'm Rib3r

      1:01 primera air is only 1800 km away buddy

    5. TG V1p3r

      American CIA: Badasses assassinating and spying. British CIA: Gives people free flights.

    6. Azoz Boj

      Not only airlines, all Europe is collapsing because of aging and social problems . Europe aging is the most problem responsible of collapsing Europe .

    7. Delkor

      Thanks socialism

    8. SwissMarksman

      7:40 So they gave out free 1st & Business on Thomas Cook customers? That's quite generous tbh.

    9. JonnesTT

      So many jokes ._. and i thought I had a dad humor...

    10. MatthewPlayz

      6:12 i thought he said CIA that made me jump.

    11. Cancerino

      Speed train is more appropriate for Europe's scale anyway, we should invest more on it than airplanes.

    12. Rechordian

      So they're going bankrupt because they have nobody who knows how to plan ahead? Sounds like they deserve bankruptcy

    13. Eurekify!

      Wendover productions? more like... *Bendover productions* I'm sorry I don't even know

    14. Annie

      What's up with this stupid melodramatic background music?

    15. Moe

      *without watching video* *shakes fist* GRETAAA!!!!

    16. Geert Polmans

      You should make a video about the logistics of Tim Horton's. They have locations even in the most remote northern settlements. Would be very interesting to see how they supply them, how they can still sell things at an affordable price.

    17. rishabh jalan

      Jet airways also collapsed

    18. Marcus Magarian

      Very good presentation! I was the last banker for XL Airways...

    19. Kyle Darwin Enriquez

      It thinks there is going to be a disruption in the aviation industry yin the coming decade when battery density doubles.

    20. namme hauusw

      8:43 "This business model is a rather new phenomenon, made possible by squarespace"

    21. Anonoz Chong

      AirAsia X a financial success? No LOL.

    22. Lava Yuki

      I never thought Thomas Cook would go bankrupt since it seemed so popular

    23. Daniel Eyre

      And this despite the generous subsidies.

    24. Chris Taylor

      uhhhhh..... 5:50 ? Someone has had a substantial accident....

    25. Lilitha11

      Seems like they knew ahead of time they were going to collapse, so not saying anything til the last minute and stopping flights when people already boarded them seems like a dick move. I am sure they could of canceled a lot of flights further out, and then sold off planes and stuff to fund operations for the more near term flights, to have a more controlled collapse.

    26. Ban

      It bothers me you spent a significant portion of this video making a socialist pitch, wherein you completely acknowledge the benefits of the government funded flights and dont even have the objectivity to mention whether the dollars spent on those flights are worth it.

    27. Craig Lawson

      Not raising the prices by 200% in summer would help them get more bookings instead if trying to rip off hard working people

    28. Spring4030 Zxqa6519

      If your completion went out of business, wouldn't that get you more customers and you can then increase prices.

    29. Spring4030 Zxqa6519

      If your completion went out of business, wouldn't that get you more customers and you can then increase prices.

    30. Nick P. Wilde

      2:40 The Airline Passengers Per Month graph is deceptive. It starts at 90 instated of 0.

    31. Biko from the Lowlands

      Same thing as with car brands right? I’m going to watch the video now, let’s see

    32. Solid_Snake

      Also Alitalia is going bankrupt🇮🇹

    33. Mike Imbesi

      If you think that's a bad business model, you should see shipping. Constant overcapacity. There's also typically a 7 year cycle where 5 or 6 years are unprofitable and only 1 or 2 years are profitable.

    34. Brandon Lee

      You have a lot of airlines in europe.

    35. TheFlyingCoconut 07

      7:59 That’s 300 Toyota Corollas!

    36. bagariddum

      8:08 thomas cook cost the uk TAX PAYER a shit tonne of money NOT the bloody govt ! meanwhile the 'execs' robbed the company of 50 MILLION pounds. JAIL TIME required for those scum.

    37. bagariddum

      Thomas Cook "executives" (AKA: criminals) looted 50 MILLION POUNDS from the company in the lead up to its collapse. They called the stolen funds: "bonuses"...how quaint.

    38. Bruno Lapinski

      It's good these companies are going bankrupt because less planes means less CO2, so its better for the environment.

    39. FST Study

      OK this is a little off topic comment here. But I think new US-newrs (like myself) should learn the art of making thumbnails from you.

    40. Laurens Rodi

      how big of a factor is (expensive) unionized air and ground personnel in Europe on the struggling finances of these (former) companies ?

    41. Levy Roth

      No one can afford to travel anywhere anymore because we're all getting poorer, not richer. Duh!

    42. Diogo F

      Wendover should do some videos not about planes

    43. Jahn Kaplank

      so the problem is not the airlines but the debtors. Why don't they structure the pay-back of debt to coincide with high profit months? (pay more when the cash flow is good, and pay near NOTHING during the hard months). it is common knowledge that, since their inception, BANKS have been nothing but trouble. They leave you alone as long as you're making them money, but the MINUTE you don't pay, they STEAL your wealth through foreclosures. Fight the banks, not the operators.

    44. Abdul Hakim

      Salam from Kokdiang, Malaysia.

    45. Whyareall

      "everything is ready to go, everyone knows what to do and how to do it, but the flight can't go because everything is owned by some old white dudes in suits thousands of miles away and they say no" is a big reason capitalism is such bullshit

    46. vengefulenigma

      Adria airways has had problems for years now, but only went bankrupt like 2 weeks ago. It wasn't that big of an airline, but it was the only Slovenian airline.

    47. Henry Phillips

      I used to LOVE flying when I was a child then I started to hate it for all the obvious reasons: Long queues, ears pop, crying children ect ect. But then I stopped flying Thomas Cook and everything changed, I LOVE Flying again. No coincidence.

    48. Certified Dead Memes

      Wendover productions is secretly a 737

    49. Dugroz Reports

      Chipriot? With an "h"? Is that right?

    50. Baran Orak

      That loser from HalfAsInteresting just called you plain and lame! >:

    51. Charlie

      There's like a minute missing that I cannot remember and in that time I ended up at this video a demon did it,,,

    52. Southern Arawak

      We are seeing the end of European coercion and colonialism. All European nations and their main colonies (USA, Australia, etc) are hurting badly and I strongly doubt here will be a recovery from the next recession-depression.

    53. Alex

      Nobody: Wendover: Airlines

    54. kirtikumar sonawane

      Jet airways?

    55. Tim Keachie

      the big shits are buying them up its to keep us in our owe country and keep there plane up to chemtriling our skys

    56. Subodh Karwa

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

    57. Juan José Peñaranda

      Let me correct your title: Why so many *_European_* airlines are going bankrupt

    58. Hakunetsu YT

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

    59. Lella Pelaou

      I take issue with how you said "Cypriot"

    60. ReconMANCER

      because of Mr. Garrison´s "It"

    61. Abhishek Srivastava

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

    62. David Frankal

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

    63. Konnos Vatamidis

      1:03 Cobalt Air: a small CHEAPriot carrier LMAO

      1. luciferin22

        I also noticed that xD

    64. Pankaj naik

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

    65. Mr. Popo

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

    66. DivineAlign8

      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

    67. Hexide

      so basically, go to asia

    68. Vesperin

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

    69. Pyro- Jeewlian

      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.

    70. Max the Black Leopard

      Mr Garrison will be happy