Why So Many Airlines are Going Bankrupt

  • 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

    [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 • 4 007

  • Azoz Boj
    Azoz Boj  1 hours back

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

    • Delkor
      Delkor  5 hours back

      Thanks socialism

      • SwissMarksman
        SwissMarksman  7 hours back

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

        • JonnesTT
          JonnesTT  7 hours back

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

          • MatthewPlayz
            MatthewPlayz  7 hours back

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

            • Cancerino
              Cancerino  8 hours back

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

              • Rechordian
                Rechordian  10 hours back

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

                • Eurekify!
                  Eurekify!  13 hours back

                  Wendover productions?
                  more like...
                  *Bendover productions*

                  I'm sorry I don't even know

                  • Annie
                    Annie  17 hours back

                    What's up with this stupid melodramatic background music?

                    • Moe
                      Moe  18 hours back

                      *without watching video*
                      *shakes fist*

                      • Geert Polmans
                        Geert Polmans  18 hours back

                        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.

                        • rishabh jalan
                          rishabh jalan  21 hours back

                          Jet airways also collapsed

                          • Marcus Magarian
                            Marcus Magarian  24 hours back

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

                            • Kyle Darwin Enriquez
                              Kyle Darwin Enriquez  1 days back

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

                              • namme hauusw
                                namme hauusw  1 days back

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

                                • Anonoz Chong
                                  Anonoz Chong  1 days back

                                  AirAsia X a financial success? No LOL.

                                  • Lava Yuki
                                    Lava Yuki  1 days back

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

                                    • Daniel Eyre
                                      Daniel Eyre  1 days back

                                      And this despite the generous subsidies.

                                      • Chris Taylor
                                        Chris Taylor  2 days back

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

                                        • Lilitha11
                                          Lilitha11  2 days back

                                          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.

                                          • Ban
                                            Ban  2 days back

                                            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.

                                            • Craig Lawson
                                              Craig Lawson  2 days back

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

                                              • Spring4030 Zxqa6519
                                                Spring4030 Zxqa6519  2 days back

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

                                                • Spring4030 Zxqa6519
                                                  Spring4030 Zxqa6519  2 days back

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

                                                  • Nick P. Wilde
                                                    Nick P. Wilde  2 days back

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

                                                    • Biko from the Lowlands

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

                                                      • Solid_Snake
                                                        Solid_Snake  2 days back

                                                        Also Alitalia is going bankrupt🇮🇹

                                                        • Mike Imbesi
                                                          Mike Imbesi  3 days back

                                                          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.

                                                          • Brandon Lee
                                                            Brandon Lee  3 days back

                                                            You have a lot of airlines in europe.

                                                            • TheFlyingCoconut 07
                                                              TheFlyingCoconut 07  3 days back

                                                              7:59 That’s 300 Toyota Corollas!

                                                              • bagariddum
                                                                bagariddum  3 days back

                                                                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.

                                                                • bagariddum
                                                                  bagariddum  3 days back

                                                                  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.

                                                                  • Bruno Lapinski
                                                                    Bruno Lapinski  3 days back

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

                                                                    • FST Study
                                                                      FST Study  3 days back

                                                                      OK this is a little off topic comment here.

                                                                      But I think new YouTubers (like myself) should learn the art of making thumbnails from you.

                                                                      • Laurens Rodi
                                                                        Laurens Rodi  3 days back

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

                                                                        • Levy Roth
                                                                          Levy Roth  3 days back

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

                                                                          • Diogo F
                                                                            Diogo F  4 days back

                                                                            Wendover should do some videos not about planes

                                                                            • Jahn Kaplank
                                                                              Jahn Kaplank  4 days back

                                                                              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.

                                                                              • Abdul Hakim
                                                                                Abdul Hakim  4 days back

                                                                                Salam from Kokdiang, Malaysia.

                                                                                • Whyareall
                                                                                  Whyareall  4 days back

                                                                                  "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

                                                                                  • vengefulenigma
                                                                                    vengefulenigma  4 days back

                                                                                    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.

                                                                                    • Henry Phillips
                                                                                      Henry Phillips  4 days back

                                                                                      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.

                                                                                      • Certified Dead Memes
                                                                                        Certified Dead Memes  4 days back

                                                                                        Wendover productions is secretly a 737

                                                                                        • Dugroz Reports
                                                                                          Dugroz Reports  5 days back

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

                                                                                          • Baran Orak
                                                                                            Baran Orak  5 days back

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

                                                                                            • Charlie
                                                                                              Charlie  5 days back

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

                                                                                              a demon did it,,,

                                                                                              • Southern Arawak
                                                                                                Southern Arawak  5 days back

                                                                                                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.

                                                                                                • Alex
                                                                                                  Alex  5 days back

                                                                                                  Wendover: Airlines