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 • 3 838

  • Wischmopps
    Wischmopps  34 minutes back

    Worst customer support of the world. Fuck you Airlines

    • Lesbian Amazon Sister
      Lesbian Amazon Sister  2 hours back

      This is a very well put together video, thank you

      • Aman Panda
        Aman Panda  3 hours back

        Kind of forgot to mention Asian airline collapses.

        • Kalas Atwater
          Kalas Atwater  3 hours back

          They have to lower their prices

          • Michael O'Keefe
            Michael O'Keefe  5 hours back

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

            • Studa Baker
              Studa Baker  5 hours back

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

              • ALBER PAJARES
                ALBER PAJARES  6 hours back

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

                • Smiley TV
                  Smiley TV  7 hours back

                  Thomas Cokks history was 150 years not 50

                  • B737FLY
                    B737FLY  7 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  7 hours back

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

                      • Remo Kiltol
                        Remo Kiltol  7 hours back

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

                        • Azraai Azuha
                          Azraai Azuha  7 hours back

                          Fellow proud Malaysians, where you at?! 🇲🇾

                          • Flash 🇿🇦
                            Flash 🇿🇦  8 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  9 hours back

                              You even forgot Germania which went bankrupt in 2019

                              • just1desi
                                just1desi  10 hours back

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

                                • TNARG 1998
                                  TNARG 1998  10 hours back

                                  what font do you use?

                                  • Karl Hans
                                    Karl Hans  10 hours back

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

                                    • Mr. Cheesecake
                                      Mr. Cheesecake  12 hours back

                                      What's about Germania?

                                      • Hxcgangster2011
                                        Hxcgangster2011  13 hours back

                                        I blame uber

                                        • Dorian G
                                          Dorian G  13 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  13 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  13 hours back

                                              Answer: Ronald Raegan

                                              • Romeo
                                                Romeo  13 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 !  14 hours back

                                                  You missed Jet Airways bankruptcy

                                                  • Alpali
                                                    Alpali  14 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  14 hours back

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

                                                      • Jesus Gonzalez
                                                        Jesus Gonzalez  7 hours back

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

                                                    • Forza223 Bowe
                                                      Forza223 Bowe  15 hours back

                                                      Airlines are not profitable businesses

                                                      • Pranav Singanapalli
                                                        Pranav Singanapalli  16 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  16 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  20 hours back

                                                            They go bankrupt because of PISS POOR MANAGEMENT

                                                            • Peter Widia
                                                              Peter Widia  20 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  20 hours back

                                                                coz European Airlines almost rely on weather

                                                                • Zenochka Gaming
                                                                  Zenochka Gaming  20 hours back

                                                                  India has jet Airways too

                                                                  • Amri Hakimi
                                                                    Amri Hakimi  20 hours back

                                                                    8:39, leaving this for future reference

                                                                    • Shrey Bahuguna
                                                                      Shrey Bahuguna  21 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  21 hours back

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

                                                                        • James KNIGHT
                                                                          James KNIGHT  22 hours back

                                                                          P a s s e g e r s

                                                                          • Niska Magnusson
                                                                            Niska Magnusson  22 hours back

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

                                                                            • Noriel Sylvire
                                                                              Noriel Sylvire  22 hours back

                                                                              Winter is coming

                                                                              • Jayashri Venketasubramanian

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

                                                                                • Exotic
                                                                                  Exotic  23 hours back

                                                                                  When UNITED goes bankrupt:






                                                                                  *Yeetus Feetus*

                                                                                  • Shady Brady
                                                                                    Shady Brady  23 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  7 hours back

                                                                                      European business travelers by and large take the train.

                                                                                  • BLx Droid
                                                                                    BLx Droid  24 hours back

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

                                                                                    • Maarten van der Poel
                                                                                      Maarten van der Poel  1 days back

                                                                                      Ryanair still going strong haha

                                                                                      • Kartik Setia
                                                                                        Kartik Setia  1 days 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.