Why So Many Airlines are Going Bankrupt

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  • Published on Oct 8, 2019
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    Animation by Josh Sherrington
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    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] 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 • 3 934

  • Southern Arawak
    Southern Arawak 4 hours ago

    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 4 hours ago

    Nobody:
    Wendover: Airlines

  • kirtikumar sonawane
    kirtikumar sonawane 5 hours ago

    Jet airways?

  • Tim Keachie
    Tim Keachie 10 hours ago

    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 19 hours ago

    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 20 hours ago

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

  • Hakunetsu YT
    Hakunetsu YT 22 hours ago

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

  • Lella Pelaou
    Lella Pelaou Day ago

    I take issue with how you said "Cypriot"

  • ReconMANCER
    ReconMANCER Day ago

    because of Mr. Garrison´s "It"

  • Abhishek Srivastava

    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 Day ago

    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

    1:03
    Cobalt Air: a small CHEAPriot carrier LMAO

  • Pankaj naik
    Pankaj naik Day ago

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

  • Mr. Popo
    Mr. Popo Day ago

    It's because of the EU (European Union) not other factors.

  • DivineAlign8
    DivineAlign8 Day ago

    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 Day ago

    so basically, go to asia

  • Vesperin
    Vesperin Day ago

    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 Day ago

    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

    Mr Garrison will be happy

  • alan m
    alan m Day ago +1

    "JetStar, AirAsia X, Scoot the only airlines to have seen financial success from long-haul low cost".....but what about Air Canada Rouge?

  • Jai Raven
    Jai Raven Day ago

    5:49 anyone else notice the woman had wet herself

  • Xiad Xiad
    Xiad Xiad Day ago

    Is this the voice of Ownage pranks ?

  • Eurasian ST
    Eurasian ST Day ago

    Scat

  • Anime Banz
    Anime Banz Day ago

    Very Eurocentric video.

  • Tathagat Chatterjee

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

  • Forgan Mreeman
    Forgan Mreeman Day 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 Day ago

    Heard a lot of noise recently about WOW air

  • Bob Jones
    Bob Jones Day ago

    It's called capitalism.

  • Fish Ed
    Fish Ed Day ago

    Because we teleporting now duh

  • Alex Nezhynsky
    Alex Nezhynsky 2 days 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 2 days 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 2 days ago

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

  • Felix Taraiva
    Felix Taraiva 2 days ago

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

  • inkooh8
    inkooh8 2 days ago

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

  • Abhimanyu Bhardwaj
    Abhimanyu Bhardwaj 2 days 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 2 days ago

    Pan Am:
    “Are you challenging me?”

  • koteswara Rao Parvataneni

    This video went viral for some reason.

  • TheOldSin
    TheOldSin 2 days ago

    The Otaku Era

  • Gautam Jain
    Gautam Jain 2 days ago

    You forgot jet airways

  • TheDark Knut
    TheDark Knut 2 days ago

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

  • Stuart Hollingsead
    Stuart Hollingsead 2 days 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 2 days 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 2 days ago

    usa is to blame

  • Rem
    Rem 2 days ago

    ok youtube stfu i'm gonna watch this video

  • vietimports
    vietimports 2 days ago

    airline bubble popping?

  • Ryan Agnew
    Ryan Agnew 2 days ago

    Very informative peice, thank you

  • The Dude
    The Dude 2 days ago

    Damn I start feeling bad for the companies in EU

  • Abraham Zheng
    Abraham Zheng 2 days ago

    can you do a video about VLCC and ULCC

  • Bitrey
    Bitrey 2 days ago +20

    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 2 days ago

    in europe the train is a better option

    • Lil niglet
      Lil niglet 2 days ago

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

  • USS Trekky
    USS Trekky 2 days ago +3

    “This video was made possible by Thomas Cook”

  • Divereth
    Divereth 2 days ago

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

  • Dipraj Tamang
    Dipraj Tamang 2 days 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 2 days ago +6

    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.

    • The Xiarthos
      The Xiarthos 15 hours ago +3

      ​@Peter H Lmao. And this is where you are wrong, kiddo. First off, I wouldn't have believed this either before 2016 and before Trump. However, since we've got the trade war with China (you can look it up yourself), there is more than enough statistical data (unlike before) that proves that the global economy is slowing down and heading towards recession, signaling even a depression. I mean, even an ignorant idiot like you should be able to realize that it obviously won't end good if two of the biggest economies in the world are having a trade war. So, what does this mean? Exactly. It's not talk by crash prophets this time. There is actual statistical data available that tells us that we're in a global recession, and soon depression, since the indicators give this away. The last time this happened was 2007/2008, but not that worse like it is right now. But hey, I am talking to a brick wall here. It won't get through your head anyway, until it's too late.

    • Peter H
      Peter H 15 hours ago +3

      yep, sure. I've heard the same nonsense in May 2010 with Flash Crash, in 2011 with Euro problems, in 2015 with China and Russia problems, in Xmas 2018 when major US indices fell by 20% ... and yet I needed a seat belt ready for upward swing ;-)
      sure thing once you'll be right, inevitably there will be crisis and depression. But hey, a broken clock is right twice a day as well ;-)

  • -
    - 2 days ago

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

  • CHANGE_NICK
    CHANGE_NICK 2 days ago

    Sounds good to me. Just keep the promise.

  • Marshall Islands G
    Marshall Islands G 2 days ago +2

    Hearing the words Malaysian Airlines gives me the creeps.

  • Ashish Jindal
    Ashish Jindal 2 days ago

    Jet airways - INDIA

  • mrdabbleswithpotion
    mrdabbleswithpotion 2 days 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.