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 • 3 836

  • Lesbian Amazon Sister
    Lesbian Amazon Sister  25 minutes back

    This is a very well put together video, thank you

    • Aman Panda
      Aman Panda  2 hours back

      Kind of forgot to mention Asian airline collapses.

      • Kalas Atwater
        Kalas Atwater  2 hours back

        They have to lower their prices

        • Michael O'Keefe
          Michael O'Keefe  3 hours back

          I played airline simulator and airline bankrupt
          MISSION FAILED!!!!!!!

          • Studa Baker
            Studa Baker  4 hours back

            I've flown on 3 defunct airlines: Eastern, TWA, Midwest Express

            • ALBER PAJARES
              ALBER PAJARES  5 hours back

              Cause people crash us down,.. socialism, anti-liberalism, jerking,..

              • Smiley TV
                Smiley TV  6 hours back

                Thomas Cokks history was 150 years not 50

                • B737FLY
                  B737FLY  6 hours back

                  As far as Cook is concerned... I feel you missed a big reason for their downfall. Huge overhead. Whereas most airlines moved to the online environment for ticket sales, Cook had a shitload of brick and mortar locations and agencies. Dinosaur style....

                  • Jesus Gonzalez
                    Jesus Gonzalez  6 hours back

                    You failed to mention Germania, a leisure carrier which failed in February, not autumn...

                    • Remo Kiltol
                      Remo Kiltol  6 hours back

                      Cough cough, jet airways, Air India, Kingfisher airlines, all from India.

                      • Azraai Azuha
                        Azraai Azuha  6 hours back

                        Fellow proud Malaysians, where you at?! 🇲🇾

                        • Flash 🇿🇦
                          Flash 🇿🇦  7 hours back

                          I actually watched a Thomas Cook plane loaded and taking off on the 13 October 2019 at YVR Vancouver 🤔...
                          (https://i.imgur.com/OfyvrZf.jpg) I heard about the bankruptcy in September, so I found it pretty odd. Maybe they've already re-leased the planes leased by Thomas Cook?

                          • Apfelbaumuniversum 69
                            Apfelbaumuniversum 69  7 hours back

                            You even forgot Germania which went bankrupt in 2019

                            • just1desi
                              just1desi  9 hours back

                              Are you on another channel? You’re voice is really familiar

                              • TNARG 1998
                                TNARG 1998  9 hours back

                                what font do you use?

                                • Karl Hans
                                  Karl Hans  9 hours back

                                  better no airplane flying because there destroy the earth by creating polution

                                  • Mr. Cheesecake
                                    Mr. Cheesecake  11 hours back

                                    What's about Germania?

                                    • Hxcgangster2011
                                      Hxcgangster2011  12 hours back

                                      I blame uber

                                      • Dorian G
                                        Dorian G  12 hours back

                                        And then you have Croatia Airlines which has soo much debt, isn't profitable, and yet the government is giving tens of millions of taxpayers' €€€ to save it.😫

                                        • Si4mon
                                          Si4mon  12 hours back

                                          Sam, I have already written you a DM on your instagram but I got no reaction.. I am looking for the references of the two other flight videos you made "How airlines price tickets" and "How budget airline works". I really need it for my studies, we have to do a seminar work and we are only allowed to use scientific literature. It would be a great help for me.

                                          • Gregorio Lobato
                                            Gregorio Lobato  12 hours back

                                            Answer: Ronald Raegan

                                            • Romeo
                                              Romeo  12 hours back

                                              We have other modes of transport in Europe, the competition is split between air, rail and road. That's why the seasonality is higher during the summer - more long distance demand.

                                              • Bhoom !
                                                Bhoom !  13 hours back

                                                You missed Jet Airways bankruptcy

                                                • Alpali
                                                  Alpali  13 hours back

                                                  It's the middle of October and I'll be damned if Norwegian Air survives the next two weeks.

                                                  • The Q
                                                    The Q  13 hours back

                                                    Railroads be like:
                                                    "I've been looking forward to this."

                                                    • Jesus Gonzalez
                                                      Jesus Gonzalez  6 hours back

                                                      Funny thing is: All those American business pax in aviation? Yeah, they're taking the train in Europe...

                                                  • Forza223 Bowe
                                                    Forza223 Bowe  13 hours back

                                                    Airlines are not profitable businesses

                                                    • Pranav Singanapalli
                                                      Pranav Singanapalli  14 hours back

                                                      looks at only european airlines that have gone bankrupt and says notice how all the airlines that went bust were European

                                                      • Queerzie
                                                        Queerzie  14 hours back

                                                        It's heartbreaking when I think of all the brothers and sisters working for these airlines, I almost cried. So sad!!

                                                        • Bob Kraft
                                                          Bob Kraft  19 hours back

                                                          They go bankrupt because of PISS POOR MANAGEMENT

                                                          • Peter Widia
                                                            Peter Widia  19 hours back

                                                            In 8:43, did anyone else expect him to say "this business model is a rather new phenomenon made possible by *sponsor*" 🤣🤣

                                                            • Ulysses Lee
                                                              Ulysses Lee  19 hours back

                                                              coz European Airlines almost rely on weather

                                                              • Zenochka Gaming
                                                                Zenochka Gaming  19 hours back

                                                                India has jet Airways too

                                                                • Amri Hakimi
                                                                  Amri Hakimi  19 hours back

                                                                  8:39, leaving this for future reference

                                                                  • Shrey Bahuguna
                                                                    Shrey Bahuguna  19 hours back

                                                                    Jet airways went away as well. Would love it if you did a video about the aviation industry in India!

                                                                    • Gary Hawkins
                                                                      Gary Hawkins  20 hours back

                                                                      Outrageous fuel prices and solid gold commodes in a certain part of the world

                                                                      • James KNIGHT
                                                                        James KNIGHT  21 hours back

                                                                        P a s s e g e r s

                                                                        • Niska Magnusson
                                                                          Niska Magnusson  21 hours back

                                                                          clearly they aren't extorting people enough for pre-boarding

                                                                          • Noriel Sylvire
                                                                            Noriel Sylvire  21 hours back

                                                                            Winter is coming

                                                                            • Jayashri Venketasubramanian

                                                                              This is one of my favourite videos of yours! Thanks for your amazing content :)

                                                                              • Exotic
                                                                                Exotic  22 hours back

                                                                                When UNITED goes bankrupt:






                                                                                *Yeetus Feetus*

                                                                                • Shady Brady
                                                                                  Shady Brady  22 hours back

                                                                                  In other words, American airlines don't have this problem because Americans run businesses, work, and actually have money to spend. Capitalism wins again.

                                                                                  • Jesus Gonzalez
                                                                                    Jesus Gonzalez  6 hours back

                                                                                    European business travelers by and large take the train.

                                                                                • BLx Droid
                                                                                  BLx Droid  23 hours back

                                                                                  Europe is bad for doing business is because of EU's unnecessary regulations.

                                                                                  • Maarten van der Poel
                                                                                    Maarten van der Poel  24 hours back

                                                                                    Ryanair still going strong haha

                                                                                    • Kartik Setia
                                                                                      Kartik Setia  24 hours back

                                                                                      Jet Airways also went bankrupt in India.

                                                                                      • J W
                                                                                        J W  1 days back

                                                                                        Cause they jacked their prices so high people stopped travelling

                                                                                        • refresh fresh
                                                                                          refresh fresh  1 days back

                                                                                          Jetstar just went bankrupt btw

                                                                                          • Geo Jeff
                                                                                            Geo Jeff  1 days back

                                                                                            Keep the governments out of airlines and investors won’t be so risky. To many government backed loans. Socialism always fails. Central banks always find there real value of $0.00.

                                                                                            • esparda07
                                                                                              esparda07  1 days back

                                                                                              10:00 That lady with the red luggage just wants to see the world burn.