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

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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 • 4 005

  • SwissMarksman
    SwissMarksman  10 minutes back

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

    • JonnesTT
      JonnesTT  16 minutes back

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

      • MatthewPlayz
        MatthewPlayz  1 hours back

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

        • Cancerino
          Cancerino  1 hours back

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

          • Rechordian
            Rechordian  3 hours back

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

            • Eurekify!
              Eurekify!  7 hours back

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








              I'm sorry I don't even know

              • Annie
                Annie  10 hours back

                What's up with this stupid melodramatic background music?

                • Moe
                  Moe  11 hours back

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

                  • Geert Polmans
                    Geert Polmans  12 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  15 hours back

                      Jet airways also collapsed

                      • Marcus Magarian
                        Marcus Magarian  17 hours back

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

                        • Kyle Darwin Enriquez
                          Kyle Darwin Enriquez  19 hours 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  22 hours back

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

                            • Anonoz Chong
                              Anonoz Chong  23 hours 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  2 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  2 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  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  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  4 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  5 days back

                                                                                              Nobody:
                                                                                              Wendover: Airlines

                                                                                              • kirtikumar sonawane
                                                                                                kirtikumar sonawane  5 days back

                                                                                                Jet airways?

                                                                                                • Tim Keachie
                                                                                                  Tim Keachie  5 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