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 • 3 893

  • Tathagat Chatterjee
    Tathagat Chatterjee  46 minutes back

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

    • Forgan Mreeman
      Forgan Mreeman  1 hours 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  2 hours back

        Heard a lot of noise recently about WOW air

        • Bob Jones
          Bob Jones  3 hours back

          It's called capitalism.

          • Fish Ed
            Fish Ed  3 hours back

            Because we teleporting now duh

            • Alex Nezhynsky
              Alex Nezhynsky  5 hours 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  5 hours 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  7 hours back

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

                  • Felix Taraiva
                    Felix Taraiva  7 hours back

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

                    • inkooh8
                      inkooh8  8 hours back

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

                      • Abhimanyu Bhardwaj
                        Abhimanyu Bhardwaj  8 hours 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  9 hours back

                          Pan Am:

                          “Are you challenging me?”

                          • koteswara Rao Parvataneni

                            This video went viral for some reason.

                            • TheOldSin
                              TheOldSin  9 hours back

                              The Otaku Era

                              • Gautam Jain
                                Gautam Jain  11 hours back

                                You forgot jet airways

                                • TheDark Knut
                                  TheDark Knut  13 hours back

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

                                  • Stuart Hollingsead
                                    Stuart Hollingsead  13 hours back

                                    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  14 hours back

                                      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  14 hours back

                                        usa is to blame

                                        • Rem
                                          Rem  14 hours back

                                          ok youtube stfu i'm gonna watch this video

                                          • vietimports
                                            vietimports  14 hours back

                                            airline bubble popping?

                                            • Ryan Agnew
                                              Ryan Agnew  14 hours back

                                              Very informative peice, thank you

                                              • The Dude
                                                The Dude  15 hours back

                                                Damn I start feeling bad for the companies in EU

                                                • Abraham Zheng
                                                  Abraham Zheng  15 hours back

                                                  can you do a video about VLCC and ULCC

                                                  • Bitrey
                                                    Bitrey  15 hours back

                                                    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  16 hours back

                                                        in europe the train is a better option

                                                        • Lil niglet
                                                          Lil niglet  15 hours back

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

                                                      • USS Trekky
                                                        USS Trekky  16 hours back

                                                        “This video was made possible by Thomas Cook”

                                                        • Divereth
                                                          Divereth  16 hours back

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

                                                          • Dipraj Tamang
                                                            Dipraj Tamang  16 hours back

                                                            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  16 hours back

                                                              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.

                                                              • -
                                                                -  17 hours back

                                                                Why airlines are going bankrupt.

                                                                Because they overcharge for economy and cram everyone in with very little leg room.

                                                                • CHANGE_NICK
                                                                  CHANGE_NICK  18 hours back

                                                                  Sounds good to me. Just keep the promise.

                                                                  • Marshall Islands G
                                                                    Marshall Islands G  19 hours back

                                                                    Hearing the words Malaysian Airlines gives me the creeps.

                                                                    • Ashish Jindal
                                                                      Ashish Jindal  20 hours back

                                                                      Jet airways - INDIA

                                                                      • mrdabbleswithpotion
                                                                        mrdabbleswithpotion  21 hours back

                                                                        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  21 hours back

                                                                          In India 2 airlines collapsed into bankruptcy .

                                                                          • Jefferson Jefferson
                                                                            Jefferson Jefferson  22 hours back

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

                                                                            • Apte Varad
                                                                              Apte Varad  23 hours back

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

                                                                              • moutan100
                                                                                moutan100  23 hours back

                                                                                The whole world will bankrupt soon

                                                                                • Purpleoceangnome
                                                                                  Purpleoceangnome  23 hours back

                                                                                  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  24 hours back

                                                                                    Worst customer support of the world. Fuck you Airlines

                                                                                    • Lesbian Amazon Sister
                                                                                      Lesbian Amazon Sister  1 days back

                                                                                      This is a very well put together video, thank you

                                                                                      • Aman Panda
                                                                                        Aman Panda  1 days back

                                                                                        Kind of forgot to mention Asian airline collapses.

                                                                                        • Kalas Atwater
                                                                                          Kalas Atwater  1 days back

                                                                                          They have to lower their prices

                                                                                          • Michael O'Keefe
                                                                                            Michael O'Keefe  1 days back

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

                                                                                            • Studa Baker
                                                                                              Studa Baker  1 days back

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

                                                                                              • ALBER PAJARES
                                                                                                ALBER PAJARES  1 days back

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