Why So Many Airlines are Going Bankrupt

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  • Published on Oct 8, 2019
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    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 • 3 917

  • Abhishek Srivastava
    Abhishek Srivastava 2 hours ago

    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 2 hours 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
    Konnos Vatamidis 2 hours ago

    1:03
    Cobalt Air: a small CHEAPriot carrier LMAO

  • Pankaj naik
    Pankaj naik 4 hours ago

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

  • Mr. Popo
    Mr. Popo 4 hours ago

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

  • DivineAlign8
    DivineAlign8 6 hours 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 7 hours ago

    so basically, go to asia

  • Vesperin
    Vesperin 7 hours 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 8 hours 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
    Max the Black Leopard 8 hours ago

    Mr Garrison will be happy

  • alan m
    alan m 9 hours ago

    "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 9 hours ago

    5:49 anyone else notice the woman had wet herself

  • Xiad Xiad
    Xiad Xiad 13 hours ago

    Is this the voice of Ownage pranks ?

  • Eurasian ST
    Eurasian ST 13 hours ago

    Scat

  • Anime Banz
    Anime Banz 15 hours ago

    Very Eurocentric video.

  • Tathagat Chatterjee
    Tathagat Chatterjee 17 hours ago

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

  • Forgan Mreeman
    Forgan Mreeman 18 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 18 hours ago

    Heard a lot of noise recently about WOW air

  • Bob Jones
    Bob Jones 19 hours ago

    It's called capitalism.

  • Fish Ed
    Fish Ed 19 hours ago

    Because we teleporting now duh

  • Alex Nezhynsky
    Alex Nezhynsky 21 hour 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 21 hour 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 23 hours ago

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

  • Felix Taraiva
    Felix Taraiva Day ago

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

  • inkooh8
    inkooh8 Day ago

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

  • Abhimanyu Bhardwaj

    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 Day ago

    Pan Am:
    “Are you challenging me?”

  • koteswara Rao Parvataneni

    This video went viral for some reason.

  • TheOldSin
    TheOldSin Day ago

    The Otaku Era

  • Gautam Jain
    Gautam Jain Day ago

    You forgot jet airways

  • TheDark Knut
    TheDark Knut Day ago

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

  • Stuart Hollingsead

    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 Day 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 Day ago

    usa is to blame

  • Rem
    Rem Day ago

    ok youtube stfu i'm gonna watch this video

  • vietimports
    vietimports Day ago

    airline bubble popping?

  • Ryan Agnew
    Ryan Agnew Day ago

    Very informative peice, thank you

  • The Dude
    The Dude Day ago

    Damn I start feeling bad for the companies in EU

  • Abraham Zheng
    Abraham Zheng Day ago

    can you do a video about VLCC and ULCC

  • Bitrey
    Bitrey Day 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 Day ago

    in europe the train is a better option

    • Lil niglet
      Lil niglet Day ago

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

  • USS Trekky
    USS Trekky Day ago

    “This video was made possible by Thomas Cook”

  • Divereth
    Divereth Day ago

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

  • Dipraj Tamang
    Dipraj Tamang Day 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 Day ago +3

    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.

  • -
    - Day ago

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

  • CHANGE_NICK
    CHANGE_NICK Day ago

    Sounds good to me. Just keep the promise.

  • Marshall Islands G

    Hearing the words Malaysian Airlines gives me the creeps.

  • Ashish Jindal
    Ashish Jindal Day ago

    Jet airways - INDIA

  • mrdabbleswithpotion

    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 Day 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