Why So Many Airlines are Going Bankrupt

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  • Published: 08 October 2019
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    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 • 3 992

  • namme hauusw
    namme hauusw  21 minutes back

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

    • Anonoz Chong
      Anonoz Chong  1 hours back

      AirAsia X a financial success? No LOL.

      • Lava Yuki
        Lava Yuki  4 hours back

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

        • Daniel Eyre
          Daniel Eyre  5 hours back

          And this despite the generous subsidies.

          • Chris Taylor
            Chris Taylor  14 hours back

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

            • Lilitha11
              Lilitha11  15 hours 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  15 hours 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  16 hours 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  17 hours 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  17 hours 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  20 hours back

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

                        • Biko from the Lowlands
                          Biko from the Lowlands  21 hours back

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

                          • Solid_Snake
                            Solid_Snake  21 hours back

                            Also Alitalia is going bankrupt🇮🇹

                            • Mike Imbesi
                              Mike Imbesi  1 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  1 days back

                                You have a lot of airlines in europe.

                                • TheFlyingCoconut 07
                                  TheFlyingCoconut 07  2 days back

                                  7:59 That’s 300 Toyota Corollas!

                                  • bagariddum
                                    bagariddum  2 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  2 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  2 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  2 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  2 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  2 days back

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

                                              • Diogo F
                                                Diogo F  3 days back

                                                Wendover should do some videos not about planes

                                                • Jahn Kaplank
                                                  Jahn Kaplank  3 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  3 days back

                                                    Salam from Kokdiang, Malaysia.

                                                    • Whyareall
                                                      Whyareall  3 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  3 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  3 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  3 days back

                                                            Wendover productions is secretly a 737

                                                            • Dugroz Reports
                                                              Dugroz Reports  3 days back

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

                                                              • Baran Orak
                                                                Baran Orak  4 days back

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

                                                                • Charlie
                                                                  Charlie  4 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  4 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  4 days back

                                                                      Nobody:
                                                                      Wendover: Airlines

                                                                      • kirtikumar sonawane
                                                                        kirtikumar sonawane  4 days back

                                                                        Jet airways?

                                                                        • Tim Keachie
                                                                          Tim Keachie  4 days back

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

                                                                          • Subodh Karwa
                                                                            Subodh Karwa  4 days back

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

                                                                            • Juan José Peñaranda
                                                                              Juan José Peñaranda  4 days back

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

                                                                              • Hakunetsu YT
                                                                                Hakunetsu YT  4 days back

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

                                                                                • Lella Pelaou
                                                                                  Lella Pelaou  4 days back

                                                                                  I take issue with how you said "Cypriot"

                                                                                  • ReconMANCER
                                                                                    ReconMANCER  4 days back

                                                                                    because of Mr. Garrison´s "It"

                                                                                    • Abhishek Srivastava
                                                                                      Abhishek Srivastava  5 days back

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

                                                                                      • David Frankal
                                                                                        David Frankal  5 days back

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

                                                                                        • Konnos Vatamidis
                                                                                          Konnos Vatamidis  5 days back

                                                                                          1:03
                                                                                          Cobalt Air: a small CHEAPriot carrier LMAO

                                                                                        • Pankaj naik
                                                                                          Pankaj naik  5 days back

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

                                                                                          • Mr. Popo
                                                                                            Mr. Popo  5 days back

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

                                                                                            • DivineAlign8
                                                                                              DivineAlign8  5 days back

                                                                                              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

                                                                                              • Hexide
                                                                                                Hexide  5 days back

                                                                                                so basically, go to asia