Why So Many Airlines are Going Bankrupt

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  • Published on Oct 8, 2019
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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

Comments • 3 895

  • Anime Banz
    Anime Banz Hour ago

    Very Eurocentric video.

  • Tathagat Chatterjee
    Tathagat Chatterjee 3 hours ago

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

  • Forgan Mreeman
    Forgan Mreeman 3 hours ago

    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 4 hours ago

    Heard a lot of noise recently about WOW air

  • Bob Jones
    Bob Jones 5 hours ago

    It's called capitalism.

  • Fish Ed
    Fish Ed 5 hours ago

    Because we teleporting now duh

  • Alex Nezhynsky
    Alex Nezhynsky 7 hours ago

    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 7 hours ago

    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 9 hours ago

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

  • Felix Taraiva
    Felix Taraiva 9 hours ago

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

  • inkooh8
    inkooh8 10 hours ago

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

  • Abhimanyu Bhardwaj
    Abhimanyu Bhardwaj 10 hours ago

    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 11 hours ago

    Pan Am:
    “Are you challenging me?”

  • koteswara Rao Parvataneni

    This video went viral for some reason.

  • TheOldSin
    TheOldSin 11 hours ago

    The Otaku Era

  • Gautam Jain
    Gautam Jain 14 hours ago

    You forgot jet airways

  • TheDark Knut
    TheDark Knut 15 hours ago

    Did u really miss Jet airways from India? 21000 people lost their jobs. Probably the biggest case.

  • Stuart Hollingsead
    Stuart Hollingsead 15 hours ago

    so essentially they don't know how to save money...
    I get paid every 2 weeks. I have 0 income between paychecks... I overcome this by having an emergency account, and a safe keeping fund. I also budget.
    guess people should learn to save money.

  • Yogesh Rao
    Yogesh Rao 16 hours ago

    Airlines failing is not because it's in europe, In India many airlines have failed, Jet airways, Kingfisher, deccan, indian airlines, Air india, ambica, kalinga etc

  • Orka DRLJAČA
    Orka DRLJAČA 16 hours ago

    usa is to blame

  • Rem
    Rem 16 hours ago

    ok youtube stfu i'm gonna watch this video

  • vietimports
    vietimports 16 hours ago

    airline bubble popping?

  • Ryan Agnew
    Ryan Agnew 16 hours ago

    Very informative peice, thank you

  • The Dude
    The Dude 17 hours ago

    Damn I start feeling bad for the companies in EU

  • Abraham Zheng
    Abraham Zheng 17 hours ago

    can you do a video about VLCC and ULCC

  • Bitrey
    Bitrey 17 hours ago

    Imagine hearing the pilot mid flight saying "I'm no longer the pilot"

  • the Noscope 4 20 Dollars!

    It's funny to me that I hear *profit* all the time but then suddenly their bankrupt. They gotta make like 2€ a month to get insolvent that fast. Shouldn't they have like millions of dollars backhand that would last entire lifetimes for other people?

  • Tombomskiy
    Tombomskiy 18 hours ago

    in europe the train is a better option

    • Lil niglet
      Lil niglet 17 hours ago

      Dude im not going to take a train from slovenia to Luxembourg its better to just fly

  • USS Trekky
    USS Trekky 18 hours ago

    “This video was made possible by Thomas Cook”

  • Divereth
    Divereth 18 hours ago

    Thanks dude, I'm about to board an European airline plane and it's October.

  • Dipraj Tamang
    Dipraj Tamang 18 hours ago

    Really love your videos.....
    Have you stop making videos on geographical problem's???
    I'm miss those videos....

    Anyway, lot's of love from Nepal🥰🥰🥰

  • The Xiarthos
    The Xiarthos 18 hours ago +1

    Long story short, without all the crap: We're in a global recession, and probably soon Depression. There is no other reason for it. And if you look carefully, you will quickly find out that it affects other companies as well, not only airlines. Get your seatbelts ready. We will not recover easily from that next financial crash.

  • -
    - 19 hours ago

    Why airlines are going bankrupt.
    Because they overcharge for economy and cram everyone in with very little leg room.

  • CHANGE_NICK
    CHANGE_NICK 20 hours ago

    Sounds good to me. Just keep the promise.

  • Marshall Islands G
    Marshall Islands G 21 hour ago

    Hearing the words Malaysian Airlines gives me the creeps.

  • Ashish Jindal
    Ashish Jindal 23 hours ago

    Jet airways - INDIA

  • mrdabbleswithpotion
    mrdabbleswithpotion 23 hours ago

    Look, I'm not about giving charity to weak businesses. To me the businesses should be let to run on their own, to which other critics would say I'm too laissez faire. If they fail, then they do. Absolute freedom, other than criminally illegal, also is not ideal, as certain practices would have adverse effects in possibly several markets & the economy. Though I'm not so strict, to say giving grants or financial support to businesses that are cultural, but you have be very, very careful with those things.
    It's so easy to attribute very soft (sometimes stupid) policies with me coz I primarily identify as liberal.

  • Mahek Tailor
    Mahek Tailor 23 hours ago

    In India 2 airlines collapsed into bankruptcy .

  • Jefferson Jefferson

    Someone is a little pissed at losing a 900 million loan🙈

  • Apte Varad
    Apte Varad Day ago

    In India many airlines are also going shutdown due to money crisis
    Like jet airways, Kingfisher and many more

  • moutan100
    moutan100 Day ago

    The whole world will bankrupt soon

  • Purpleoceangnome

    And they want to commercialize space. Just hope your Mars cruiser line doesn't go out of business before you get where your headed

  • Wischmopps
    Wischmopps Day ago

    Worst customer support of the world. Fuck you Airlines

  • Lesbian Amazon Sister

    This is a very well put together video, thank you

  • Aman Panda
    Aman Panda Day ago

    Kind of forgot to mention Asian airline collapses.

  • Kalas Atwater
    Kalas Atwater Day ago

    They have to lower their prices

  • Michael O'Keefe
    Michael O'Keefe Day ago

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

  • Studa Baker
    Studa Baker Day ago

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

  • ALBER PAJARES
    ALBER PAJARES Day ago

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

  • Smiley TV
    Smiley TV Day ago

    Thomas Cokks history was 150 years not 50

  • B737FLY
    B737FLY Day ago

    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 Day ago

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

  • Remo Kiltol
    Remo Kiltol Day ago +1

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

  • Azraai Azuha
    Azraai Azuha Day ago

    Fellow proud Malaysians, where you at?! 🇲🇾

  • Flash 🇿🇦
    Flash 🇿🇦 Day ago

    I actually watched a Thomas Cook plane loaded and taking off on the 13 October 2019 at YVR Vancouver 🤔...
    (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

    You even forgot Germania which went bankrupt in 2019

  • just1desi
    just1desi Day ago

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

  • TNARG 1998
    TNARG 1998 Day ago

    what font do you use?

  • Karl Hans
    Karl Hans Day ago

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

  • Mr. Cheesecake
    Mr. Cheesecake Day ago

    What's about Germania?

  • Hxcgangster2011
    Hxcgangster2011 Day ago

    I blame uber

  • Dorian G
    Dorian G Day ago

    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 Day ago

    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 Day ago

    Answer: Ronald Raegan

  • Romeo
    Romeo Day ago

    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 ! Day ago +1

    You missed Jet Airways bankruptcy

  • Alpali
    Alpali Day ago

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

  • The Q
    The Q Day ago +32

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

    • Christian Southwick
      Christian Southwick 5 hours ago

      @The Q That's actually kinda smart wtf. I was thinking about having like floating shitters with the train on top.

    • The Q
      The Q 5 hours ago

      @Christian Southwick Best bet would be to make a series of tunnels up from Canada to Greenland to Iceland and finally to Russia or Norway. A great circle route just like the airlines. It would be a mammoth project, but damn would it ever rival the moon shot in sure magnitude.

    • Christian Southwick
      Christian Southwick 8 hours ago

      TRANSATLANTIC RAILWAY. PLEASE. I'M ON MY KNEES BEGGING FOR THIS.

    • Luis Medina
      Luis Medina 9 hours ago

      same for ships

    • Jesus Gonzalez
      Jesus Gonzalez 11 hours ago

      @Benjamin Nolan Why would "low cost train services" go bust? Like, how would that work? Most railways are state owned because they provide a valuable service everybody needs...

  • Forza223 Bowe
    Forza223 Bowe Day ago

    Airlines are not profitable businesses

  • Pranav Singanapalli

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

  • Queerzie
    Queerzie Day ago

    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 Day ago

    They go bankrupt because of PISS POOR MANAGEMENT

  • Peter Widia
    Peter Widia Day ago

    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 Day ago

    coz European Airlines almost rely on weather

  • Zenochka Gaming
    Zenochka Gaming Day ago

    India has jet Airways too

  • Amri Hakimi
    Amri Hakimi Day ago

    8:39, leaving this for future reference

  • Shrey Bahuguna
    Shrey Bahuguna Day ago

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

  • Gary Hawkins
    Gary Hawkins Day ago +1

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

  • James KNIGHT
    James KNIGHT Day ago

    P a s s e g e r s

  • Niska Magnusson
    Niska Magnusson Day ago

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

  • Noriel Sylvire
    Noriel Sylvire Day ago

    Winter is coming

  • Jayashri Venketasubramanian

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

  • Exotic
    Exotic 2 days ago

    When UNITED goes bankrupt:



    *Yeetus Feetus*

  • Shady Brady
    Shady Brady 2 days ago +1

    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 Day ago

      European business travelers by and large take the train.

  • BLx Droid
    BLx Droid 2 days ago

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

  • Maarten van der Poel
    Maarten van der Poel 2 days ago +1

    Ryanair still going strong haha

  • Kartik Setia
    Kartik Setia 2 days ago

    Jet Airways also went bankrupt in India.

  • J W
    J W 2 days ago

    Cause they jacked their prices so high people stopped travelling

  • refresh fresh
    refresh fresh 2 days ago

    Jetstar just went bankrupt btw

  • Geo Jeff
    Geo Jeff 2 days ago

    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 2 days ago +3

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

  • Bailey Hellmuth
    Bailey Hellmuth 2 days ago

    Qantas only survives & makes bank because it pays no tax & charges more to fly regional domestic than internationally.

  • German Research Project

    All other countries pick one airline, make it their national airline, and subsidize it. The USA subsidizes them all, federally, through serial bankruptcy. This costs taxpayers billions of dollars. Make them all go Chapter 9 instead of 11 and this will end. Another problem, business expenses as tax deductions. End this. We have teleconferencing via internet now. No need to fly, eat, party, and stay at a five star hotel for businessmen----especially when they write it off as a business expense and you end up paying for it.

  • João David Fortuna
    João David Fortuna 2 days ago

    My hunch is Cook has investors but with Brexit in sight they prefer keep the debt in UK and creating a new one in Luxembourg ou Netherlands, maybe. Just like the division of Varig in rot and healthy enterprises, as seen also the GM case or the portuguese bank BES. Cook doesnt seem to fall as the others. Well, it's just a guess. Sorry my sorry english.

  • Naser Alnuaimi
    Naser Alnuaimi 2 days ago

    A very well made video and interesting information, but you forgot to mention JetAirways which went bankrupt as well back in April 2019.

  • Cuon Ly
    Cuon Ly 2 days ago

    So which airlines are going bankruptcy next? Qatar airways or Singapore airlines? you know better than I do why ?

  • tray pendland
    tray pendland 2 days ago

    *cheap airlines, yet extremely limited for USA flyers*

  • doxyonr
    doxyonr 2 days ago

    Convert your planes to chemical sprayers . That should bring in some cash. There are a lot of airlines doing just that.

  • darkangel13915
    darkangel13915 2 days ago

    Because people are Teleporting now

  • don't care
    don't care 2 days ago

    Europe has cheap high-speed railways. We have slow unreliable railways in America so nobody uses them we fly instead. In Europe you can hop a train for business trips.