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

    Music by http://epidemicsound.com
    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 • 3 960

  • Diogo F
    Diogo F  6 hours back

    Wendover should do some videos not about planes

    • Jahn Kaplank
      Jahn Kaplank  7 hours 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  15 hours back

        Salam from Kokdiang, Malaysia.

        • Whyareall
          Whyareall  17 hours 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  21 hours 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  23 hours 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  1 days back

                Wendover productions is secretly a 737

                • Dugroz Reports
                  Dugroz Reports  1 days back

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

                  • Baran Orak
                    Baran Orak  1 days back

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

                    • Charlie
                      Charlie  1 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  1 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  1 days back

                          Nobody:
                          Wendover: Airlines

                          • kirtikumar sonawane
                            kirtikumar sonawane  1 days back

                            Jet airways?

                            • Tim Keachie
                              Tim Keachie  2 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  2 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  2 days back

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

                                  • Hakunetsu YT
                                    Hakunetsu YT  2 days back

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

                                    • Lella Pelaou
                                      Lella Pelaou  2 days back

                                      I take issue with how you said "Cypriot"

                                      • ReconMANCER
                                        ReconMANCER  2 days back

                                        because of Mr. Garrison´s "It"

                                        • Abhishek Srivastava
                                          Abhishek Srivastava  2 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  2 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  2 days back

                                              1:03
                                              Cobalt Air: a small CHEAPriot carrier LMAO

                                              • Pankaj naik
                                                Pankaj naik  2 days back

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

                                                • Mr. Popo
                                                  Mr. Popo  2 days back

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

                                                  • DivineAlign8
                                                    DivineAlign8  3 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  3 days back

                                                      so basically, go to asia

                                                      • Vesperin
                                                        Vesperin  3 days back

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

                                                        • Pyro- Jeewlian
                                                          Pyro- Jeewlian  3 days back

                                                          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.

                                                          • Max the Black Leopard
                                                            Max the Black Leopard  3 days back

                                                            Mr Garrison will be happy

                                                            • alan m
                                                              alan m  3 days back

                                                              "JetStar, AirAsia X, Scoot the only airlines to have seen financial success from long-haul low cost".....but what about Air Canada Rouge?

                                                              • Russell Nadin
                                                                Russell Nadin  14 hours back

                                                                Air Canada has recieved multiple bailouts as well as subsidies over the decades. Air Canada is not a success story.

                                                            • Jai Raven
                                                              Jai Raven  3 days back

                                                              5:49 anyone else notice the woman had wet herself

                                                            • Xiad Xiad
                                                              Xiad Xiad  3 days back

                                                              Is this the voice of Ownage pranks ?

                                                              • Eurasian ST
                                                                Eurasian ST  3 days back

                                                                Scat

                                                                • Anime Banz
                                                                  Anime Banz  3 days back

                                                                  Very Eurocentric video.

                                                                  • Tathagat Chatterjee
                                                                    Tathagat Chatterjee  3 days back

                                                                    They missed a lot of other airlines across the globe..

                                                                    • Forgan Mreeman
                                                                      Forgan Mreeman  3 days back

                                                                      think about all the money you can make if you can figure out a way to make commercial planes fly with little to no fossil fuel. 💰 💰 💰

                                                                      • Shea Balden
                                                                        Shea Balden  3 days back

                                                                        Heard a lot of noise recently about WOW air

                                                                        • Bob Jones
                                                                          Bob Jones  3 days back

                                                                          It's called capitalism.

                                                                          • Fish Ed
                                                                            Fish Ed  3 days back

                                                                            Because we teleporting now duh

                                                                            • Alex Nezhynsky
                                                                              Alex Nezhynsky  3 days back

                                                                              Nothing bad about this at all. What, do you expect businesses to emerge and expand indefinitely? Sometimes they fail and go out of operation. Everything in economics is cyclical, don't make it sound doom and gloom

                                                                              • Ben Hansen
                                                                                Ben Hansen  3 days back

                                                                                So I get reading out a list of companies once, but there really is no reason to deadpan read the same list several times in the same video. Just list the airlines as text on the screen and talk about them. It got painful to listen to after a bit. Thanks for the work you do!

                                                                                • Sami Tangu
                                                                                  Sami Tangu  3 days back

                                                                                  Topic goes from why airlines go bankrupt to discussing Thomas cook.

                                                                                  • Felix Taraiva
                                                                                    Felix Taraiva  3 days back

                                                                                    Kenya Airways... once "The Pride of Africa" -- until 2015

                                                                                    • inkooh8
                                                                                      inkooh8  3 days back

                                                                                      So, their profits are doing great. When will they stop charging for our first checked bag?

                                                                                      • Abhimanyu Bhardwaj
                                                                                        Abhimanyu Bhardwaj  3 days back

                                                                                        Mate.. Pls include Jet Airways from India as well.. It was largest commercial passenger airline of India.. Grounded since 17 April 2019...
                                                                                        Cheers!

                                                                                        • Hurley Law
                                                                                          Hurley Law  3 days back

                                                                                          Pan Am:

                                                                                          “Are you challenging me?”

                                                                                          • koteswara Rao Parvataneni

                                                                                            This video went viral for some reason.

                                                                                            • TheOldSin
                                                                                              TheOldSin  3 days back

                                                                                              The Otaku Era