Why So Many Airlines are Going Bankrupt

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  • Published: 08 October 2019
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    Animation by Josh Sherrington
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    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 • 3 972

  • Mike Imbesi
    Mike Imbesi  18 minutes back

    If you think that's a bad business model, you should see shipping. Constant overcapacity. There's also typically a 7 year cycle where 5 or 6 years are unprofitable and only 1 or 2 years are profitable.

    • Brandon Lee
      Brandon Lee  36 minutes back

      You have a lot of airlines in europe.

      • TheFlyingCoconut 07
        TheFlyingCoconut 07  5 hours back

        7:59 That’s 300 Toyota Corollas!

        • bagariddum
          bagariddum  9 hours back

          8:08 thomas cook cost the uk TAX PAYER a shit tonne of money NOT the bloody govt ! meanwhile the 'execs' robbed the company of 50 MILLION pounds. JAIL TIME required for those scum.

          • bagariddum
            bagariddum  9 hours back

            Thomas Cook "executives" (AKA: criminals) looted 50 MILLION POUNDS from the company in the lead up to its collapse. They called the stolen funds: "bonuses"...how quaint.

            • Bruno Lapinski
              Bruno Lapinski  11 hours back

              It's good these companies are going bankrupt because less planes means less CO2, so its better for the environment.

              • FST Study
                FST Study  13 hours back

                OK this is a little off topic comment here.






                But I think new YouTubers (like myself) should learn the art of making thumbnails from you.

                • Laurens Rodi
                  Laurens Rodi  14 hours back

                  how big of a factor is (expensive) unionized air and ground personnel in Europe on the struggling finances of these (former) companies ?

                  • Levy Roth
                    Levy Roth  16 hours back

                    No one can afford to travel anywhere anymore because we're all getting poorer, not richer. Duh!

                    • Diogo F
                      Diogo F  1 days back

                      Wendover should do some videos not about planes

                      • Jahn Kaplank
                        Jahn Kaplank  1 days 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  1 days back

                          Salam from Kokdiang, Malaysia.

                          • Whyareall
                            Whyareall  2 days 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  2 days 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  2 days 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  2 days back

                                  Wendover productions is secretly a 737

                                  • Dugroz Reports
                                    Dugroz Reports  2 days back

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

                                    • Baran Orak
                                      Baran Orak  2 days back

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

                                      • Charlie
                                        Charlie  2 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  2 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  2 days back

                                            Nobody:
                                            Wendover: Airlines

                                            • kirtikumar sonawane
                                              kirtikumar sonawane  2 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  3 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  3 days back

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

                                                    • Hakunetsu YT
                                                      Hakunetsu YT  3 days back

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

                                                      • Lella Pelaou
                                                        Lella Pelaou  3 days back

                                                        I take issue with how you said "Cypriot"

                                                        • ReconMANCER
                                                          ReconMANCER  3 days back

                                                          because of Mr. Garrison´s "It"

                                                          • Abhishek Srivastava
                                                            Abhishek Srivastava  3 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  3 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  3 days back

                                                                1:03
                                                                Cobalt Air: a small CHEAPriot carrier LMAO

                                                                • Pankaj naik
                                                                  Pankaj naik  3 days back

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

                                                                  • Mr. Popo
                                                                    Mr. Popo  3 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  4 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  1 days 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  4 days back

                                                                                5:49 anyone else notice the woman had wet herself

                                                                              • Xiad Xiad
                                                                                Xiad Xiad  4 days back

                                                                                Is this the voice of Ownage pranks ?

                                                                                • Eurasian ST
                                                                                  Eurasian ST  4 days back

                                                                                  Scat

                                                                                  • Anime Banz
                                                                                    Anime Banz  4 days back

                                                                                    Very Eurocentric video.

                                                                                    • Tathagat Chatterjee
                                                                                      Tathagat Chatterjee  4 days back

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

                                                                                      • Forgan Mreeman
                                                                                        Forgan Mreeman  4 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  4 days back

                                                                                          Heard a lot of noise recently about WOW air

                                                                                          • Bob Jones
                                                                                            Bob Jones  4 days back

                                                                                            It's called capitalism.

                                                                                            • Fish Ed
                                                                                              Fish Ed  4 days back

                                                                                              Because we teleporting now duh