How COVID-19 Broke the Airline Pricing Model

[@agentzorral3939]

Finally back to his home, aviation.

[@bahenbihen]

Finally something to make me less anxious

[@AxxLAfriku]

GAGAGAGAGAGA!!! I watched this video and it is really not that good compared to my perfect videos. GAGAGAGAGA!!! This is NOT self-promotion! This is the reality! This is the world! We are the people! Don't disl****ke my vide*****s, my dear sam

[@joaquinqueijo6086]

AxxL I’ve seen you everywhere and your disturbing

[@skywastaken7300]

Remember Me When You Blow Up Edit : Know Way

[@thomasosborne4463]

Na bro, he will always be a brick guy to me

[@FaithGaming11]

Good to see the stock footage companies haven't been heavily affected

[@vigilantcosmicpenguin8721]

They just need to Photoshop masks onto all of their footage.

[@heanstone1327]

Vigilant Cosmic Penguin you cannot photoshop a mask that is for images and stock footage are vidoes so you need something like adobe after effects or final cut pro

[@swaggaming2564]

Hean Stone photoshop deez nuts

[@fabianyt123]

@@heanstone1327 wow thank you for your insightful comment, where would we be without it

[@couch9416]

Hean Stone who?

[@vincevanderperre8660]

Logistics, COVID and airplanes? The dream subject for Wendover Wendover if you see this: love your videos

[@rileyhunter1374]

I don’t know

[@rileyhunter1374]

Magic

[@bernardomercado261]

@@thekuygerian eye movements, duh smh😒

[@hoytbenson6016]

The infinity gauntlet of Wendover’s existence

[@sting2689]

@@thekuygerian It's a stock footage overlaid with footage that he filmed on another laptop.

[@101Phase]

5:24 Shoutout to that sailing boat that did an emergency loop to avoid hitting the ferry

[@def2004]

Nice spot By the way, do someone know what is the name of that airport?

[@bobbruce4135]

Agree, but doesn't the sail boat have the right of way?

[@meme-machine]

Muhammad Daffa Nasdyansya Rasyad looks similar to Billy Bishop airport

[@gassingmonkey]

Definitely Billy Bishop Airport in Toronto, Ontario, Canada. Recognized it immediately when I saw it.

[@PabloTejada]

I thought that was a bird like a seagull 😂

[@mckenziemcmillan622]

Hi there - I'm a travel consultant, and previously worked in airline operations - I found this video fascinating and absolutely hit the nail on the head about how absolutely insane this situation is in the industry - I've forwarded this on to all my colleagues! Thanks!

[@Bshue123]

Sam, I don't want to alarm you, but there's this guy impersonating you on KZbin. Granted, his videos are Half as Interesting as yours are, but I thought you should know.

[@feloniusgru9561]

Gold

[@aryboss1514]

I get it

[@Platyfurmany]

And he covers the subject of bricks often, to throw the Feds off the real subjects.

[@KeefeL]

@@aryboss1514 here, have a gold star sticker sir!

[@bushidobrown9857]

wow i just realized this and i've been watching both of "their "videos for like two years xD

[@Julia-rm2vw]

aviation industry: we cannot lower prices anymore ryanair: ~increase ads in airplanes~

[@sirBrouwer]

Wait Ryanair has the capability to show ads? But that costs money to be able to have a system to show ads. I thought that they only went for the most basic chair with out even a seat pocket because it's cheaper to not have any. The only reason they do have a tray table is to sell you water at triple value.

[@Julia-rm2vw]

@@sirBrouwer Yes, they do have the most basic chairs, it feels like traveling on a bus. They show ads the analog way, digital ads are too expensive! The doors for the overhead compartments all have ads printed on them, they sell lottery tickets on board, once they even tried to charge for the toilet. Ryanair planes are like a newspapers, if there is space available, you can put an ad there. I am surprised they haven't printed ads outside of the plane yet.

[@JagdeepNagpal]

@@Julia-rm2vw : they haven't printed ads outside of the plane yet. ryanair: quick... write that down.. write that down...

[@sirBrouwer]

@@Julia-rm2vwthat would require to much time at the paint shop. Stickers would add extra weight and drag so more fuel cost to a single trip. they could ad add space to the uniform of the flight crew. Like a sports jersey. a add on the front and back.

[@fourstripes3322]

@@JagdeepNagpal They actually have, some Ryanair Aircraft have advertisements/Stickers on them advertising Cities and other organisations

[@itaishufman8951]

Wendover is probably single handedly financing the entire aviation stock video industry

[@joseville]

,😆😆😆

[@edpowers3764]

I work at an airline revenue management department and this guys videos on the airlines are spot on. I was actually part of the modelling efforts post Covid and we tried to predict the new demand signal. It was a very difficult problem. Now things are beginning to look normal again thank god!

[@thedishonestjeffsokol2489]

hmmmm ok but what did you do for a living 20 years ago Ed Powers?

[@thecanadiancaribou]

Cool story bro.

[@brandonking1737]

Wendover 2018: How Airlines price flights Wendover 2020: How Covid broke pricing flights

[@midievalcat7770]

*cue David Attenborough voice* “here we see the Sam in his natural habitat, talking about planes”

[@recklessroges]

I can hear him!

[@moritzl7065]

2:04 I see that stock footage lady is typing with her trackpad...

[@MMMMMMMMMMBALLS]

I think he photoshopped the google text in

[@lanzsibelius]

She is a witch, and more powerful than Voldemort I think

[@dugroz]

Worst typing stock-footage EVER! You can be assured I will take to the internet to express my disgust.

[@CathrineMacNiel]

mouse gestures... duh!

[@oweniron1940]

And is using two cursors at once... 2:08

[@Adi-ud8wi]

Surprisingly, he didn’t roast Newark

[@DominatingDrew]

That's reserved for Half as Interesting

[@nntflow7058]

They got new terminal now. That is why.

[@VisibilityFoggy]

@@nntflow7058 - New terminal or not, you're still in Newark.

[@kevinsingh8035]

D 349 what about lagarbage?

[@magical_catgirl]

@@VisibilityFoggy and it's still United.

[@noonedude101]

As a pilot for a regional Airline, as much as I disparage Airline management, I have to thank American Airlines for two major reasons. They increased my flying to Florida destinations that I enjoy, and I have not been to New York in almost a year.

[@FlyWithMe_666]

Most important stuff related to planes in 2020: 1. Flight Sim 2020 2. Wendover ... 14. Actual planes and airlines

[@Kriae]

I want a video of Wendover talking about MS Flight Simulator

[@davidty2006]

If sam actually played Flight sim to get background footage for his vids

[@ThePanzer393]

3. Mustard?

[@wamsang7818]

"US COVID cases spiked" Northeast: *grabs popcorn*

[@generpicado7838]

My state used to have the second most cases reguraly getting more than 4,000 cases per day and now we only got 300 new cases yesterday

[@Marquis-Sade]

@JACKSON KUSTER So you state is doing a good job? Or at least a better job?

[@QTheRabbit]

@JACKSON KUSTER What State ya from? Here in Maine, we're doing surprisingly well, especially considering how few people I see actually wearing masks on a daily basis.

[@TheAmazingCowpig]

JACKSON KUSTER lol, it's really weird just guessing how confident you were in your answers that you were from NJ. That said, you're not wrong, we're doing fantastic here in NJ, and the country-wide COVID spike when summer hit was really weird to watch. Everyone in the northeast just wondering "wtf, I thought we were done with this shit, what are the rest of you guys doing".

[@wamsang7818]

@JACKSON KUSTER jokes on you I live in Mass, which has even less cases

[@jazzip]

Finally airlines will be more humble and give us our 2 free bags back.

[@Rhaspun]

I wouldn't mind a couple inches of space.

[@potatopotatoeOG]

One can only hope

[@bigtony77]

no they wont lol. 'were in this together' they say, but i promise, in 5 years its back to screwing the customers.

[@Rhaspun]

@@bigtony77 That's what happens when competition is cut down. They shouldn't have allowed the mergers than happen over the years.

[@VonRix]

Hopefully not. I travel without luggage and resent having to pay for those that travel with 2.

[@lh7128]

it's like the chinese restaurant i went to today: they offer all-you-can-eat buffet, but they can only orient themselves on reservations. If fewer people reserve, they cook less, if more, they cook more. But what if there's a day no one reserves? maybe no one will come and they wasted tons of food. maybe everyone orders from the menu and the food gets wasted anyways. When suddenly a bunch of people come, the chefs can't cook fast enough as they had to compromise on personell and not enough waiters/ waitresses are present to attend every customer... just reserve as early as you can every time you can, it often is just a free call and a minute of time for much less problems for the places.

[@wildfire9280]

did I detect a pun?

[@entropyzero5588]

That's why most of these "all you can eat"-type places require reservations and simply don't take walk-ins (at least for the AYCE offer).

[@obiwankenobi4252]

Imagine if the computers broke so badly it ended up like oil I would like to travel to NYC Understandable, have $35

[@sushanttripathee9010]

😂😂

[@potatopotatoeOG]

Lol yes. I too would like to trace for near to nothing.. as I have near to nothing in regards to the American currency

[@starcrafsf7101]

There is an absolute minimum cost for tickets. That would be factoring in the cost of operation for that flight. Divide the by the number of seats available and that makes it the absolute lowest cost per seat possible not sure what that would be but it would probably still be in the ballpark of around $150ish speculative.

[@TheDuckofDoom.]

Oil didn't break, oil futures broke.(derivative based hedging and speculation, tradable contracts to buy/sell 1000 barrels at a fixed price and date in the future.) Basically for a certain delivery date, I recall it was April 2020, there were outstanding contracts for oil purchases, the normal users no longer needed the oil and most buy-side contract holder didn't have any way to take physical delivery or store it so they started selling there contracts, but nobody needed that much oil even if it was cheap so the price kept dropping until it was low enough to get the suppliers on the sell side of contracts to buy back the contracts. The actual daily spot price of oil only dropped a little, but not below production cost.

[@HyperLuigi37]

This probably explains something I found a couple nights ago that I thought was pretty extraordinary. I was looking for flights from Philadelphia to Tokyo. Not gonna be an easy or cheap trip no matter what, with a minimum of one layover - most likely in Los Angeles. Those were generally around $800-$1200. However, using Kayak I found a pretty extraordinary route. It used three short-term layovers, and managed to get the cost down to a mere $400. From Philadelphia to Las Vegas, an hour later from Vegas To Los Angeles, and an hour later from LA to San Francisco, followed by an overnight stay in SanFran, finishing off with a 1pm flight from SanFran to Tokyo. The total trip is 44 hours, although ~20 of them are spent off of a plane. I’m going to guess the reason for massive save in cost is the much lower demand for the individual legs of the trip, causing the overall trip to *half* in price.

[@jamesc.2907]

Airlines: "MAKE AMERICA PREDICTABLE AGAIN"

[@josephjackson1956]

I saw the prices of flights from the US to Italy for $75 at the start of the pandemic.

[@MezzoForte4]

Holy shit, it'd literally die to go there at that price.

[@balqisizham9601]

@@MezzoForte4 lol

[@MuzzaHukka]

I live in Tunisia, 100 miles south of Italy. Flights to Rome cost more than that. I would have loved to visit the US.

[@MezzoForte4]

@@MuzzaHukka I wouldn't visit the US right now. It's full of idiots who believe the virus doesn't exist.

[@jimrockfish1875]

Same as Siberia

[@oshy06]

Just stumbled upon your channel so I am late into the subject but I have to say your video resonates with me as I am a Demand Manager for an airline. It's been a nightmare to manage since the pandemic started and there are no trends whatsoever to help us manage our routes. Excellent videos!

[@cheybat5390]

“The unimaginable” *cue montage of every epidemiologist saying the “it’s not if but when” line in a documentary from the last 100 years*

[@abdul2ghani]

All Wendover videos are detailed and thoroughly researched and well written - but THIS one was on a COMPLETELY different level... The nuances this video discusses, are brilliantly detailed. "Wow!" That's all I can manage to say! Wow!

[@SupremeLeaderKimJong-un]

We had one case and now we’re back to zero. The West should’ve done what we did

[@AVeryRandomPerson]

Yes, *SHOOT THE CASES*

[@MarcusNesbitt4]

I genuinely cannot tell whether this is the real kim jong un or not

[@sirsurnamethefirstofhisnam7986]

Gunshots to the back of the head have a much higher fatality rate than covid19 and much more efficient too

[@kyirid]

Marcus Nesbitt he’s real

[@jordanstewart6012]

Wait is this the real Kim?

[@veeeeeeee9908]

2:02 Lady moves her finger on the trackpad even though the screen shows stuff is being typed lmao.

[@ryancombs7484]

This is actually what I do for work. Almost everything is spot on. I’m a Director of Revenue for a large company.

[@TrollPirate]

Is your name similar to the company's name? xD

[@ajzebadua]

Really surprised to see so much "stock" footage of YYZ Toronto Pearson and YTZ Billy Bishop Toronto City Centre, Canada isn't usually used a lot in stock footage, especially when it's such an american-centric video using the American airline market. All the memes about Ryanair are spot on though lol

[@epiccollision]

AJ Zebadua its like all airport stock footage is Pearson, I see it so often lol

[@ArielLVT]

Oh my god, you're right!

[@sergej3665]

And a lot of SVO as well!!!

[@plmokm33]

@@epiccollision I think maybe Pearson is just impressive looking as far as airports go. Plus it's cheap to film shit in Canada.

[@TheAviationChannel]

Captain Joe: *Teaches me about planes* Mentour Pilot: *Teaches me more about planes* Mustard: *Teaches me about the history of planes* DJ's aviation: *Teaches me about the future of planes* 74 Gear: *Teaches me about airplane movies and flight attendants* Wendover productions: *Teaches me about the aviation industry*

[@VisibilityFoggy]

CW Lemoine: Teaches me about TOMCATS!

[@romainsavioz5466]

And 74 gear

[@TheAviationChannel]

@@romainsavioz5466 thanks. I've edited it now 😆😅

[@airizsyah3439]

@@TheAviationChannel you should try Mustard channel too. High quality video content and great presentation.

[@TheAviationChannel]

@@airizsyah3439 🤣i'm already on that too.

[@spencerbrehhov8033]

Hearing him pronounce Ryan-air made me learn how a pause even as small as that can truly *break* a man's world view.

[@oliverm1255]

Rip

[@FarfettilLejl]

So difficult to include a time stamp?

[@oliverm1255]

@@FarfettilLejl on mobile it is

[@ailinos]

@@oliverm1255 it's not though. Just add @ followed by the time and KZbin will do it automatically. Eg @1:00

[@randomuser66438]

@@ailinos No need for @

[@hayo7073]

12:49 Did anybody else notice the mask on the plane? lol

[@eevandersonn]

Hayo1706 YES I thought it was just me

[@grahamturner2640]

I found it funny. And the clip starts at 12:43.

[@truthsupreme]

@@grahamturner2640 12:42 is more accurate

[@nataliee5501]

Spraying toxic bleach everywhere. I am due to fly soon. Im taking lots of elemental silver with me.

[@HasanProd]

Searching through the comments for this!!

[@gdogg3710]

Ryanair: 100% of that 96% occupancy hated absolutely every minute of it...

[@rorytimms3703]

You get what you pay for....

[@inactive859]

Ryanair is one of the best cheap airliners so stop being a winy child

[@HHanz91]

@@inactive859 nah

[@gdogg3710]

Zannels ...Michael...is that you???

[@inactive859]

Chris Gee ?

[@sirholycow]

Feels good to see another aviation video from you.

[@zoltan902]

5:17 mesmerising footage.

[@taleseduardolima]

Billy Bishop Toronto City Airport

[@vondahe]

@@taleseduardolima Thank you! I was hoping someone had identified the airport which looks so weird I looked carefully to see if it was CGI.

[@AdrianParsons]

@@vondahe Lol. Love that comment. I live just a few blocks from there. Too many buildings in the way for me to see it from my place, but I used to work at a building that had a great view of it.

[@Arkiasis]

@@taleseduardolima It's such a cool airport since you get a great view of downtown Toronto when landing or taking off. Then after you walk through a huge tunnel to get to Toronto, but then you're literally right in downtown. It's super neat. Closest example would be the old Meigs Field in Chicago. Hell, even when Meigs closed Billy Bishop was under pressure to close too. But the city decided against it and encouraged development. And today it's a neat little airport and very interesting.

[@economicsinaction]

I'm not first, I'm not last, but when Wendover posts, I click fast

[@michaelrichardson3834]

you however were technically last at the exact time of writing your comment; the specification of your temporal coordinates weren't precise smh.

[@hirvielain9013]

@@michaelrichardson3834 You shall be my oracle for you are wise in the way of wisdom.

[@noahy.9827]

Xd same

[@kyirid]

Greedy comments fighting to be the most liked is a digital war zone

[@noahy.9827]

@@kyirid ok :) you get a 👎 from me

[@VolpeWhereAreYou]

Cant wait for things to go back to normal

[@MChagall]

When we can travel to India again for some Biryani am I right?

[@fuckfuckfuckityfuck]

It's not going back. They say new normal for a reason.

[@danmoss1685]

There is no going back. This is the start of the new normal.

[@JosephAng]

I love your aviation videos! This one was very well made as always.

[@whtiequillBj]

very wonderful video! it's just the right length and doesn't let me feel like I have more questions than answers like from shorter videos.

[@gabrieljohndusing7697]

5:17 I believe that's Toronto's Billy Bishop airport.

[@RaymondHng]

You got it. goo.gl/maps/ZgLeU5qu1YPWJGXj8

[@marsgal42]

It is. I've flown there.

[@pkmkb]

This is the history lesson our kids are doing to learn for their final exams 😂😂

[@grdprojekt]

8:14 This footage is used every single time in aviation related videos

[@RayleighCriterion]

At 5:16 the airport shown is Billy Bishop Airport CYTZ in Toronto which has the distinction of having the shortest regular ferry service in the entire world.

[@grdprojekt]

I can't wait to see Sam launches his Wendover Airlines as a full service airline, and Half as Airworthy as the budget airline.

[@raahullsngh3631]

One day we will see WENDOVER AIRLINES🔥 😎😎

[@samuelschonenberger]

There is a Wendover Airstrip somewhere in Utah

[@armadillolover99]

Pinchie Alarm That’s actually gonna be the name: Half as Expensive. Unlike most budget airlines there will be screens, but only playing Wendover and HAI videos.

[@kcgunesq]

"failed to consider the possibility of the unimaginable". . .

[@randomuser66438]

a.k.a get stick bugged

[@anakay1184]

I had a flight from Moscow - Amsterdam - Quito. Both planes were mostly empty and I had to pay 1080 usd instead of the 400-900 usd I would normally pay. 3 previous flights were cancelled too. Flying during a pandemic is horrible.

[@Jbig1430]

The simple solution is to sell only 85 to 90% of all the seats and the remaining percent charge the highest there so you get the last min people who are rich.

[@boblynch2802]

This video was done 3 years ago. Would be interesting to see a followup.

[@Logarithm906]

"how often was that seat next to you free?" The seats next to me could be free?

[@aidandaniels5366]

Me: sees airline in the title Also Me: clicks immediately

[@aidandaniels5366]

Z Shieh lmaooooo

[@anteeklund4159]

I clicked before I saw it. I just saw Wendover and clicked

[@FingeringThings]

Not even a pandemic can stop Wendover from making his plane videos

[@impaler514]

Very impressive video! I’m always blown away at how you are an expert in so many things and then you come back to aviation, the field I am a professional in, and am blown away at the accuracy of your videos. Great job explaining a very complex subject!

[@g0r3ify]

The footage @ 7:32 in the video is not Eagle County but my hometown Innsbruck. Love it!

[@Bonfiyah]

TL;DR - Bada bing bada boom, fewer planes are going vroom

[@vigilantcosmicpenguin8721]

Thanks, now I don't even need the video.

[@Codenamex47]

Ugh everything associated with this virus is so depressing.

[@normang3668]

I disagree. The airline industry taking a massive hit is good news when it comes to the climate crisis.

[@frankib8620]

@@normang3668 aaa gaay.

[@frankib8620]

@Red Line XD i agree

[@frankib8620]

@@normang3668 Ok Greta calm down

[@normang3668]

@@frankib8620 Not a fan of facts, huh?

[@kityew23]

12:43 Even an airplane is wearing a mask, what is your excuse?

[@sagbon98]

It took me a while to realise, hehe. I looked at the US flag as I believe this is the gate in the Boston Logan Airport that United 175 left from on the 11th of September.

[@randomuser5443]

I’m outside of 6 feet

[@punbug4721]

Well, it's got a nose, doesn't it?

[@flavius2884]

They don't make mask small enough for us humans.

[@Dryblack1]

Computer: *Does exactly what it's designed to do* Wendover: "...which confused the computer even more"

[@eleanordukes-swyer7570]

9:28 - Bournemouth airport in Dorset, UK. This is the only time we’ve seen something like this because it’s a small seaside town on the south coast.

[@yanniskolymvanos537]

Eleanor Dukes-Swyer was looking through the comments to see if anyone else recognised it. I drive past the airport every day for work. Quite the sight

[@Zoinkfwip]

Take a shot every time he says demand

[@lordknight7482]

When COVID hit I was more worried about no more wendover airplane videos then the Airplane industry.

[@dtvjho]

At 9:09, some last-minute travelers have to take a plane due to a sudden death in the family. I had to do this back in 2002. At the time, American had a $400 flat "bereavement" fare from Philly to Tampa. I had to do this again in 2018, was told that fare was long gone. Had to pay a ridiculous $2000 (per person!!) for 2 to fly a route that is highly competitive and normally sells for $350 a ticket. I was raked and highly ticked off at them. Way to go to take advantage of someone in a difficult position.

[@jasoncrobar724]

My home airport YYZ at 4:15! Sadly, it's been a while since I've seen that view in person (Terminal 1, Pier F, looking across to Pier D). Next year... Maybe...

[@jasoncrobar724]

My other home airport YTZ at 5:18! Nice!

[@blkdimnd]

Also important to note (that was left out) about the Eagle County flight is the main reason travelers would pay such a high premium for this particular flight in January. Skiing. Eagle is close to dozens of amazing resorts including, obviously, Vail.

[@koalazzzzzz]

4:27 - What you tell her 5:34 - When she sees it

[@grahamturner2640]

It's funny that an airplane looked like it had a huge mask on in the clip at 12:43.

[@TheEDFLegacy]

Wendover Productions: "How COVID-19..." KZbin: "DEMONITIZED!!!!"

[@Kriae]

Wasn't that only at the beginning of the pandemic?

[@E1craZ4life]

I think the sponsorships negate the need for ad revenue.

[@TheEDFLegacy]

I know, I was kidding anyway. 😅 Simon used to gripe about it.

[@Zyo117]

Allegedly

[@TheEDFLegacy]

@@Zyo117 😂

[@rallymaniac92]

Cool seeing the Rhine bridge connecting Kehl and Strasbourg, a bridge I used to cross frequently by bike before the borders were closed in March.

[@AdrianParsons]

Wait. At 5:16 - is that Billy Bishop Airport, in Toronto? It certainly looks like it to me. (I live several blocks from there.)

[@ipeeeky]

2:02 that woman using her mind to type

[@lukas3606]

COVID-19: I broke the airline industry Wendover: And where did that bring you? Back to me.

[@robbags2118]

The computer CALCULATES, but only the human brain COMPREHENDS. That's why.

[@jimrockfish1875]

Interesting factor in the future of AI

[@Dryblack1]

I thought it was funny when he said the computer got confused. Sounded like it was doing exactly what it was designed to do.

[@nickstone1167]

So they cant Guinea Pig me on price as readily as they used to? Where's my smallest violin? Ah hell, they're not worth it.

[@paddyohara3578]

What was the computer software called? I have listened quite a few times and just can't quite get it? Around 2:32? Very interesting video, really enjoyed it! 👍🏼

[@Zyvo2]

Government: The Hospitals don't need PPE, fund the Airlines! Everyone Else: F the Airlines, we need medicine.

[@duckmeat4674]

@Porcupine yeah qantas has

[@infoprod7731]

im still surprised that second thought and wendover didn't fight yet

[@TheDuckofDoom.]

@Porcupine Its more complicated than a simple bailout anyway. Airlines as businesses have traditionally been regulated and restricted almost to communist levels.(This started in the 20s and 30s, the airline "deregulation" circa 1980 removed the government granted monopoly of routes and gov approval of seat prices and schedules.) Just adding a new route or changing the model of airplane on a route, requires a huge stack of paperwork and government approval of the paperwork. Scheduled routes and carriers are restricted different from charter carriers or commuters. Same 767, same route, same number of passengers, but one can just calculate a flight plan and go while the other must jump through a bunch of hoops that can take weeks. (and the passenger would never know which they are actually on as the charter could be contracted to handle overflow for the scheduled airline and even have matching paint.) And if an airline doesn't agree to have its fleet conscripted for war use they won't be granted a certificate to do business, which is both a financial risk from the airline side and from the government side they need to calculate that transport ability into defense strategy and cost. (They can't commandeer an airline that has gone out of business.)

[@duckmeat4674]

@Porcupine American Airlines, southwest, united, and delta

[@varunkamble97]

We are back to the airlines 🔥

[@imcarlosjr4898]

varun kamble 🔥

[@ChasingMoolah]

The last time i was this early, planes were still flying...

[@DanyCesc83]

good piece, all the information makes sense and adds up aside from the underlying details we just don't know about.

[@xingyu1386]

This explained things to me. A couple of months ago, i was booking an important journey to uk. The price of the airline i booked was ridiculously normal while all other airlines had increased their price for more than 3 times. A few days later, my flight was cancelled with no replacement available, only a refund. Then a month later, the flight was available again but the price was like others 3 times more expensive. Now thinking about it, it may be the airline was switching between computer and manual pricing.

[@portion1411]

Ah yes viruses breaking computers, when have I heard this before?

[@ekremaziaullah8213]

Internet: How many stock airline related videos do you require Sam: Yes

[@gridcaster]

Don't lose the forest for the trees econ students. Simple answer: 1. maximizing profit (not capacity, revenue, price) is the goal of the airline firm, and to do that you need to know 2. the change to demand that the shock (covid scenario) caused, which means ultimately 3. understanding the consumer habits (primarily tastes and preferences, but also governmental restrictions) The real problem isn't anything complicated. It is merely that there is no model, no theory, no real understanding of what all of this will do to consumer habits. some may be temporary (flying for beach vacations) and some may be more permanent (business deciding to conduct meetings by Zoom-like tech instead of traditional flying). The changes to elasticity are also important. Bottom line, until people understand how this will change customers. Nobody knows that. Until then the airline industry will be in limbo --- if that happens long enough the changes will get much more complicated as firms go out of business or merge and costs begin to change.

[@LaitoChen]

How do you even go about researching a topic like this?!?! This channel is great

[@robertox123]

Finally a new video from Wendover. YOU’VE BEEN SLACKING BRO

[@Wolfereign]

All I got from this is the airlines have been price gouging us for years.

[@wvance0316]

That's because he oversimplified it and gave you the wrong interpretation. You see the high price here and low price there and think you got screwed. But the airlines are operating on thin margins and they broke even. Airlines can literally go bankrupt if they book a bunch of flights in advance and the price of gas changes too much. The reason prices have gone down is not because you are getting a fair rate, it's because the airlines are fucked because they already set up the flights and are now committed to them. Imagine if you booked a band and right after you turned down other potentially profitable bands, this band gets into a publicity shit show and now you won't be able to fill your seats and cover the cost of maintaining the stadium. Option A is that you take a full loss, option B is you cut ticket prices to try to cover as much loss as possible and hope you can make it up later with a more successful group. Option B lets you recover without having to gouge later or get lucky by getting a super high demand gig. I can make it even simpler for you, imagine you can't pay rent and are counting on the government to keep you from getting kicked out. You can either pay what you can or spend it elsewhere, but when the government says evictions can happen again you will have to pay the full amount you owe to prevent getting evicted. That's the airlines right now, they can either go tits up when the bills are due and they didn't make a dent in it or try to make it possible to survive the storm by giving you a discount now and covering some of their committed costs.

[@LiterallySoSleepy]

I'm starting to think Wendover is addicted to Airplane Bureaucracy

[@stylesrj]

You mean the guy who does videos about planes... might be into subjects related to aviation?

[@alchemist6819]

Also bricks!!!

[@Justin-rn9tf]

Nah, this channel is about the aviation industry. People stumbled upon this channel from a less relevant video.

[@jameshenthorn238]

“COVID has turned the job of those in revenue management at airlines closer to an art than a science.” God that’s beautiful.

[@cristinaf3844]

This was fantastic. Entertaining and educational.

[@poeticnation6251]

Wow! Great video - Really enjoyed it (And learned a lot about the airline industry - Thank you for sharing).

[@derenio]

I like how Google Maps allows one to find out the exact locations just from a single photo. Like the "wingy" bridge 0:18 from the beginning of the video. The fact that it's a border bridge in a middle of a city and "Polizei" is german for police made me wonder if it could be a Polish-German border and the cities of Zgorzelec-Görlitz (that I live relatively close to). Unfortunately non of the bridges matched. Then I've realized that the black dude on a bikecycle is probably more plausible in France (considering Gremany's neighbours) and voila it's Beatus Rhenanus Bridge between Kehl and Strasbourg -> goo.gl/maps/HfYre9pzexkepS1SA

[@stranger21ny]

Amazing as always. I am an airline worker and we are really struggling 😪

[@VintageRubyFilms]

Maybe it's the half pint of vodka I've had, but this video taught me exactly one thing: I can't understand aviation marketing dynamics. Lol

[@BL-hw4mn]

I think the point of the video is that no one can, at least in our current situation - not even the airlines or their computers

[@jimrockfish1875]

Keep drinking, it won’t matter

[@joethomas7069]

This video needs a 2022 update

[@lesbert2712]

Great video! I almost passed on it, as I’m an airline pilot and MBA grad. (So, of course I think I know it all...😂) That was a great video, very informative and streamlined. I definitely learned a few new things. Well done 👏🏾 bravo!

[@Yeti_Talks]

"That's because the humans were able to realize something that the computers could not." Pretty freaky if you think about it on a more general scale.

[@shom7790]

Ryanair May have had 96% of its seats filled in 2019 but that amount on average probably went to 95% after their landings 😳

[@coffee4682]

If this was also the case for Spirit Airlines, wed be having $0.79 flights

[@jsmariani4180]

I tried to book one of their wing seats, but the windscreen was an optional $300.

[@Brick-Life]

in melbourne and sydney the plane tickets ended up costing around over 5500 AUD. it was 10 thousand at the highest point

[@Vivek-zw3ex]

What is the airport at 5:20 in the video? It is absolutely stunning and unique, where it looks like you need to take an air ferry to get to it!

[@PostWarKids]

Never been this early to anything in my life

[@rileyhunter1374]

Nah you’ve been faster to unoriginality

[@joshuagray5958]

Same

[@rileyhunter1374]

You guys

[@economicsinaction]

You are as quick as COVID itself

[@Tracomaster]

Your birth?