Why So Many Airlines are Going Bankrupt


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Published: 5 days ago
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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


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Cause they jacked their prices so high people stopped travelling

13 minutes ago

Jetstar just went bankrupt btw

13 minutes ago

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.

26 minutes ago

10:00 That lady with the red luggage just wants to see the world burn.

1 hour ago

Qantas only survives & makes bank because it pays no tax & charges more to fly regional domestic than internationally.

1 hour ago

All other countries pick one airline, make it their national airline, and subsidize it. The USA subsidizes them all, federally, through serial bankruptcy. This costs taxpayers billions of dollars. Make them all go Chapter 9 instead of 11 and this will end. Another problem, business expenses as tax deductions. End this. We have teleconferencing via internet now. No need to fly, eat, party, and stay at a five star hotel for businessmen----especially when they write it off as a business expense and you end up paying for it.

1 hour ago

My hunch is Cook has investors but with Brexit in sight they prefer keep the debt in UK and creating a new one in Luxembourg ou Netherlands, maybe. Just like the division of Varig in rot and healthy enterprises, as seen also the GM case or the portuguese bank BES. Cook doesnt seem to fall as the others. Well, it's just a guess. Sorry my sorry english.

2 hours ago

A very well made video and interesting information, but you forgot to mention JetAirways which went bankrupt as well back in April 2019.

2 hours ago

So which airlines are going bankruptcy next? Qatar airways or Singapore airlines? you know better than I do why ?

3 hours ago

cheap airlines, yet extremely limited for USA flyers

3 hours ago

Convert your planes to chemical sprayers . That should bring in some cash. There are a lot of airlines doing just that.

3 hours ago

Because people are Teleporting now

3 hours ago

Europe has cheap high-speed railways. We have slow unreliable railways in America so nobody uses them we fly instead. In Europe you can hop a train for business trips.

4 hours ago

People don’t want to pay there Expensive costs,
That’s why they go bust.
🇬🇧

4 hours ago

Loosing peoples shit damaging luggage.. mistreating customers.. bad policies and customer service..

4 hours ago

The truth is, EU tries to protect the employees at the expense of business survivability. When the cost is too high, less businesses will survive, and the unemployment rate will rise. It's not rocket science but the working class believe money grows on trees so they keep asking for more until they become unemployed.

5 hours ago

Had a flight with xl airways got to the airport and was told your flight is not flying anymore yay . Any ideas how I can sue them or cash out on this ?

5 hours ago

My guess is Norwegian is next

6 hours ago

Jet airways??

6 hours ago

Was quite an unusual sight seeing the A380 at Palma de Mallorca

7 hours ago

did not even know Thomas Cook had their own planes. i thought they were just a travel agent, with offices every where, like a virus.

7 hours ago

178 years history Thomas cook monarch was 50 I worked as cabin crew for Thomas cook

7 hours ago

I just want to see Europe connected via hyperloop and not travel by plane anymore

7 hours ago

Same narrator - Half as Interesting.

7 hours ago

FEES, TAXES, Over Burdening paperwork and Government rregulation ......You make a million dollars and have $200,000 in feeS! Then u have expenses

8 hours ago

XL is dead!? Good! That airlines was absolutely terrible, I'm sorry about the employees who lost their jobs, but in all fairness the customer service was horrible. At least in my experiences, the only thing that was good about them was that a ticket from New York to Paris was under $500.

8 hours ago

SAA also went bankrupt in the same time period.

8 hours ago

You're forgetting Jet Airways!

8 hours ago

Good.

9 hours ago

Jet airways collapsed as well with a history of 25 years plus and they had 23,000 employees in total.

10 hours ago