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Why So Many Airlines are Going Bankrupt

Wendover Productions
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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

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Oct 8, 2019

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Comments 4 393
Aditya D Pugalia
@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?
JONNY WEIRDO
JONNY WEIRDO 3 days ago
God Given Airline international
Ahmet C. Ay
Ahmet C. Ay 4 days ago
AtlasGlobal is now bankrupt.
Mohammed elmounadil
You missed Air Italy...
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
Alex Robinson
Alex Robinson 8 days ago
Lower price = killer business
Yash Mishra
Yash Mishra 9 days ago
Jet airways in India.
Jake Finzel
Jake Finzel 9 days ago
If you think about it a plane ticket is cheap as shit for what it buys you
William_Aviation0
Air Italy has gone into liquidation
jgumm
jgumm 10 days ago
a bit late but my guess will be that Norwegian will fall this fall
Richard Richard
Richard Richard 12 days ago
Chipriot? What the hell is that? You meant Cypriot, pronounced "Sip-priot".
EricssonB
EricssonB 12 days ago
So I just watched one of your old videos. What changed your voice so much.
bluerisk
bluerisk 12 days 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 13 days ago
Not Cathay Pacific next please! That will be depressing!
skeleguns 10,ooo,ooo
This is what happens when business people makes bad decisions
Turbotroll
Turbotroll 17 days 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 18 days ago
What happened to Kingfisher airlines ?
Tarek Alhussayni
Tarek Alhussayni 22 days ago
Let's how he'll turn this one about airplanes
Dr Shravan Kumar
Dr Shravan Kumar 22 days ago
They go bankrupt because they bankrupt people who flyied with them?
DY
DY 22 days ago
Wendover... answering questions u never bother searching but still think bout
Eddy A.
Eddy A. 23 days ago
The chick with the white shirt at 5:49 has a nice ass
BLACK_HyDrA161
BLACK_HyDrA161 24 days ago
rip panam
Peng zhang
Peng zhang 25 days 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
Lime Limeson
Lime Limeson 26 days ago
wahoo
Zx Wolf
Zx Wolf 28 days ago
Me: Why so many airlines are going bankrupt? Ryanair and Easyjet: Because of us lol
DΔRIO MΔRCHESI
DΔRIO MΔRCHESI 28 days ago
I think you will find its pronounced Sip-priat not chip-priat
Frankie Bedek
Frankie Bedek 29 days ago
Curious if Canada follows that busiest in summer pattern... lots of people want to run south during the winter.
Ege T
Ege T 29 days 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.
SONTU BANERJEE
SONTU BANERJEE Month ago
Move your ass out of Europe.
Naomi Thorn
Naomi Thorn Month 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 Month ago
Sorry, but the voice of this video is so uncomfotable, I have to stop it.
Kevin Holland
Kevin Holland Month 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.
Dean Winchester
Dean Winchester Month ago
Bottomline: eu economy is sht and going bellyup
MaxHD2490 Avenger
I really need to stop watching Air Disasters since some of the airlines companies end up defuncted after a major airliner crash.
Michael Charalambous
The pronunciation of "Cypriot" hurt 😬
Muntazir nigga
Muntazir nigga Month ago
Thomas Cook collapsed recently
collins obado
collins obado Month ago
Kenya airways will be next
Luke McCrory
Luke McCrory Month ago
9:03 Norwegian: am I a joke to you?
CKBmay10
CKBmay10 22 days ago
Luke McCrory - Commercially you’d be right to say Norwegian is missing but... Wendover is right, Norwegian not have financial success from low cost long haul. It struggles a lot.
Conga
Conga Month ago
The smaller the Airline's logo is the bigger their company grows
LuciMax
LuciMax Month ago
chipriot btw
.a. .ko.
.a. .ko. Month ago
And how do you pronounce “Cypriot “? 😀😀
Ryanqube
Ryanqube Month ago
Airlines that acts like a college students. Works on summer and broke before Christmas.
Simon Pearce
Simon Pearce Month ago
And bang goes FlyBe...
Blizzard Gaming
Blizzard Gaming Month ago
What happened to jet airways
z-dawg hacker
z-dawg hacker Month ago
RIP ADRIA nobody cared about you
Aniruddha R
Aniruddha R Month ago
European airlines are collapsing : Air India : you son of a bitch i am in 👋😏
james dean
james dean Month ago
Nobody talks about the massive pilot shortage?
Cláudio Borges
Cláudio Borges Month ago
planes in europe are doomed. within such close markets, high speed trains are the solution!! faster and faster: you can go lisbon to paris, london to wien, atena to budapest, riga to odesa and moscow to berlim. in just few hours. same as planes. and no security line. HST are the future
Rhadaze
Rhadaze Month ago
"For exampooow"
Northeast Transport
Flybe, the UK’s biggest regional airline, may be also going bust soon...
Northeast Transport
@Noxava yeah just heard about that
Noxava
Noxava Month ago
They got a bailout from the government forn ow.
Jack Perry
Jack Perry Month ago
Here before Flybe bucks the September/October trend
Jo Bowler
Jo Bowler Month ago
Virgin-dies in the rail life,gets more traffic in the Air
mueez adam
mueez adam Month ago
Glad this whole fad is dying and we can finally get back to using horse-drawn carriages.
mueez adam
mueez adam Month ago
Jose8090 I can’t believe you’re saying cars and trains are better than horse-carriages. It’s called “horsepower” for a reason.
Jose8090
Jose8090 Month ago
mueez adam even if planes go away we still have cars and trains
Jon athan
Jon athan Month ago
It doesn't help either when aircraft manufacturers are asking 100 to 400 million per aircraft, and 20k per day to fly and on top of that a go around is around 4k... It's the quickest way to go bust.
WizaDude
WizaDude Month ago
Ah yes Ryanair
Douglas Jackson
Douglas Jackson Month ago
How do you make a small fortune in the airline business? Start with a large one.
fillupread
fillupread Month ago
Awe, poor asshats...I can take a 3 day cruise for less than a 3 hour flight, even in the off season. Air travel in the US is a scam. A majority of the flights are business based which is paid by companies and wrote off as an expense. That leaves the common leisure traveler paying excessively high ticket prices. Not to mention in the US, we are treated like cattle where as on a cruise ship, we are treated like a guest. Most of the US flights are handled by a 3rd party company doing business for the airlines and the tickets are sold through another 3rd party company, meanwhile all the assholes have to get their cut which helps to drive the prices through the roof. To hell with all the commercial airlines and I hope they all go belly up.
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