Why So Many Airlines are Going Bankrupt

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Animation by Josh Sherrington
Sound by Graham Haerther (www.Haerther.net)
Thumbnail by Simon Buckmaster
Music by epidemicsound.com
Select footage courtesy the AP Archive
References:
[1] www.airlines.iata.org/news/ia...
[2] blog.aci.aero/airport-markets...
[3] www.macrotrends.net/stocks/ch...
[4] voxeu.org/article/eu-s-insolv...
[5] www.ft.com/content/15ecdab8-c...
[6] www.ft.com/content/986c4e6e-d...
[7] tcairlinesuk?lang=en
[8] thepointsguy.co.uk/news/on-th...
[9] web.archive.org/web/201905140...
[10] thepointsguy.co.uk/news/on-th...
[11] www.seatguru.com/airlines/Mal... www.flightradar24.com/data/ai...

[@whyisthereahandlenow]

8:44 Wendover: "This is a new phenomenon made possible.." Me: "..by SquareSpace?" Wendover: "..at least on paper, by smaller more efficient long haul aircrafts" Me: oh

[@DaZomb1eslayer]

Thought literally the same exact thing

[@getriebesand2195]

Holy shit 😂😂u made my day

[@marchewkavini]

I just started commenting the same exact thing and saw this as a top comment...

[@eschelon9067]

@@DaZomb1eslayer Me too

[@Smokecall]

He has you trained

[@TheSecondVersion]

Thomas Cook: ""We are ceasing operations *immediately* " (Remotely deactivates airplanes in mid-flight)

[@tryingmybest206]

pilots get up and leave

[@bearcubdaycare]

Wee hours of the morning. Maybe few aircraft in the air? I wonder why CAA didn't commandeer the Thomas Cook aircraft and crews? Are they no longer legal to fly when bankrupt?

[@noahhughes2501]

@@bearcubdaycare I doubt it, but if that were the case? I believe the military can designate them to keep them legal

[@joermnyc]

goodfilmful “Uhh... Ladies and Gentlemen, this is your captain speaking... goodbye.” Parachutes out like James Bond.

[@sailingsolar]

@ Baker. The airline company lease their planes. As in they don't own them. There are no planes to commander owned by T. Cook

[@panzers9484]

Oct 8, 2019 : "The last 5 years have been the most consistently profitable and financially successful years ever for the world's commercial airlines" March 2020 : "Biggest drop in demand in the history of aviation"

[@ethancarberry-holt3011]

Flybe: OOF

[@smilingearth5181]

Pulled a little sneaky on ya.

[@jessimatic]

Haha, isn't capitalism great! It's such a stable provider of happiness!

[@jasondashney]

@@jessimatic So in a non-capitalist place airlines would be able to sustain themselves? Communists still get paid, ya know.

[@Andreas4696]

@@jessimatic What are you on about? A worldwide pandemic forces people to stay home and not travel, and you're blaming capitalism for the lack of air travel? Besides, mass-scale commercial air travel would NEVER have existed without capitalism, it would only be available to the elite and politicians under socialism, just as was the case in the Soviet Union.

[@LeonCharmeleon]

*Coronavirus appears Airlines : **Chuckles** I'm in danger

[@roughlygalaxy]

**Disliked the video because he didn't mention COVID-19**

[@ethancarberry-holt3011]

It's suddenly become the aviation version of The Hunger Games 1 canon shot could be heard: Flybe has died

[@drabberfrog]

@@roughlygalaxy do you have stupid?

[@roughlygalaxy]

You do realize it was ironic, right? And no I don't have stupid whatever it means.

[@neoarmstrongcyclonejetarms9326]

Gleison Storto it didn’t exist yet at the time of the video

[@TheSecondVersion]

"How to become a millionaire: Start out as a billionaire and open an airline." -Richard Branson

[@Eulers_Identity]

Thanks for sharing that🤣

[@zes3813]

wrr

[@senselessnothing]

How to become a billionaire: Start out as a millionaire and take advantage of government.

[@jeremykyles567]

Doesn't he own virgin Airline?

[@narendrajain9704]

Ha ha ha 😃😃😃

[@luisg.m.garcia6972]

Wendover is keeping the entire aviation industry afloat

[@askaryl7610]

You mean in the air

[@juno6994]

Ha! Hahaha!

[@jwhine]

Luis G. M.García the entire aviation industry is keeping wendovet afloat

[@johnnychang4233]

@@askaryl7610 You ship by roads, you freight via water and you cargo by air. And actually airplanes stay buoyant due to their wings ;)

[@sundhaug92]

@@askaryl7610 Boat-planes ftw

[@Bitrey]

Imagine hearing the pilot mid flight saying "I'm no longer the pilot"

[@FRGBlackBurn]

That would be pretty sad

[@xcofcd]

Well it's not quite that bad but there have been incidents with bankrupt airlines where the pilots went around the cabin and collected money from all the passengers to pay for the fuel...

[@torineg.847]

Since 2001 to 2019 prices have more then quadrupled. It's ridiculous what a ticket cost from west to east coast, or Calif to Toronto in 2001 was only 250.00 round trip. Since I was going on a flight in 2017 from Idaho to Toronto the cost round trip was 900+. wtf happened ? (greed). Just like dentists, denture businesses, doctors, no one can really afford anything. and ya wonder why peoples health are going down hill..

[@ggs4869]

@@torineg.847 the prices have quadrupled? here in europe u can fly to major cities for 30-50 bucks. 40 bucks for a flight to barcelona in november near my hometown in germany. prices are so cheap ppl just fly out to another country for a weekend

[@alexbrewer]

@@torineg.847 That is misleading, if not blatantly false. The USDOT Bureau of Transportation Statistics keeps meticulous records of airfares. In inflation-adjusted dollars, the average U.S. domestic ticket cost $501 in 2000, dropped to $461 in 2001 due in part to 9/11, and cost $354 in 2018. Flights to Canada are more expensive because Air Canada has too much market share so it is a semi-monopolistic market. But for a US Domestic from coast to coast prices have gone down appreciably.

[@juanthomas6664]

2019: Why so many airlines are going bankrupt 2020: Why so many airlines are still not bankrupt

[@the_infinity_]

inverted

[@nicelyg114]

@@the_infinity_u have lesser airlines going bankrupt in 2020 than 2019

[@ThatLazyyGuy]

Hello

[@Jehty21]

You know that there are channels, like Captain Joe for example, who only make videos about airplanes and airplane related stuff.

[@deniskhaidarov9166]

I see plenty of them not covered yet

[@BearHawkful]

Jehty nobody gives a fuck

[@ThatLazyyGuy]

Jehty fair point

[@BladeTheGabite]

but he doesn't have the Toyota Corolla

[@yo-no9879]

"How to become a millionaire: Start out as a billionaire and open an airline." *-Shrek*

[@loplopthebird1860]

It's never ogre

[@Voltlighter]

"Get out of me swamp" -Richard Branson

[@loplopthebird1860]

@mnemonic Max I laik Shrønk

[@colton.421]

Daksh Pat How about you ACTUALLY respond to my replies instead of just deleting them?

[@dizzyfizzy4203]

@@Voltlighter GET OUT OF MY HOUSE -Hagrid

[@fuckingstupidhandles]

imagine trying to board your first flight ever and being told that the airline went bankrupt and doesn't exist anymore

[@kestasjk]

If it's my first flight ever Id be too young to pay for tix suckazzzz

[@KitKatHexe]

@@kestasjk good for you? Some of us still haven't even seen the inside of a commercial plane. I for one have stayed mostly within the same 10 mile radius my whole life deviating out only occasionally for a trip to the zoo or for special occasions.

[@vladb420]

Ask yourself Jonathan, does anyone care?

[@edwardcross1534]

The same can be said for Chris; and I also presume that my reply to this comment implies that I care.

[@johnnymartinez2917]

Jonathan Cook go out and explore man theres so much to see i promise you its worth to go no matter how little you travel its worth going out and breathing fresher air

[@SaikanthDacha]

8:45 When he said "made possible", my brain autocompleted that sentence to "by Skillshare"

[@IvanNOFX]

Same, lol

[@jabzilla21]

Do you salivate when you hear a bell ring?

[@kirenjohn]

The power of marketing!

[@yt-sh]

When YOU said "made possible", my brain autocompleted that sentence to "by Skillshare"

[@kiwi.fruit.twitch.sensation]

fuck SHILLSHARE

[@Nicolasgusso]

8:46 Video: "This business model is made possible by..." ME: SKILL SHARE!!!! Video: "Smaller fuel efficent aircraft..." ME: I need help...

[@bandvitromaniaios1307]

Awww man

[@yeetosyeeterofyeet1825]

So we back in the mines

[@nehela.6201]

Sammeeee!!

[@zakitama6337]

We are completely brainwashed!!!

[@friggincanvee]

fucking skillshare lol.

[@Peterd1900]

Thomas Cook wasnt just an Airline. It was a akso a travel agent. Owned its own Hotels and Resorts. The whole thing collpased the airline only being a part of it.

[@DJohnGrady]

True, but it was the Airline that provided most of the revenue, and it was the airline's collapse that pulled the rest of it down.

[@sleepysartorialist]

Damn!

[@tams805]

Part of the problem was it didn't own enough of its own hotels and resorts. TUI is still going partly due to owning a lot of the property it uses. TUI also own far fewer high street stores.

[@michaelkitchin9665]

Yeah, the branch network of their size is quite daft. They raised £900m in August just to keep going for another month. Just some shocking management all round, really.

[@kestasjk]

@@michaelkitchin9665 Who gave them 900m??

[@AmbitiousLearnWithGeorge]

2019: So many airlines went bankrupt! 2020: meh, hold my beer..

[@vivekt.2038]

@Stephen Smith Wait ! Time traveler ?

[@emersonpropst2886]

@Stephen Smith Hey, no spoilers - I want to see how the ensuing chaos unfolds for myself!

[@zeronzemesh7718]

So the profitability of an airline depends totally on the price of oil. Sounds like a stable business.

[@FinnishCrystal]

dante odinson chill, you refine oil to make petroleum, fuel and other stuff

[@christodang]

Generally speaking, airline as a whole is a very razor thing margin profit industry. You may think flight tickets are expensive, but consider that less than 100 years ago, air travel was only for the wealthy 1% and you realize that prices have lowered astronomically and therefore so have margins. Not to mention that if they don't fill the plane past a certain %, they're losing money flying the route to honor the commitment they did to customers. Then comes other squabbles like airports charging different taxes because they're controlled by other companies/transit authorities. Or things like national carriers being forced to support non-profitable routes where not many people live because of regulation. It's a very difficult business for sure.

[@dadrising6464]

The extinction of the middle class sure didnt help too.

[@Trendyflute]

And consuming oil and gas destabilizes the only environment we have to live in! Sounds like a stable civilization! (spoiler: it's not)

[@sciencenerd6623]

Bobspineable Solar power, wind power, natural gas, geothermal, nuclear, coal Many non-oil options lmao

[@connormclernon26]

What’s the quickest way to become a millionaire? Start as a billionaire and run an airline -Richard Branson

[@cbing4828]

Why not quote Richard Branson who actually said this?

[@ReptilianLepton]

@@yaz2928 "Behead those who misattribute quotations." - Abraham Lincoln

[@yaz2928]

@@ReptilianLepton Decapitation is too light of a punishment for people guilty of this serious crime. I suggest quartering by horses.

[@kieran10202]

Translated into poor people langauage: "I'm either lying or a shitty business man, either way, lower my taxes you filthy peasants."

[@operator0]

This is a different take on the old auto racing joke. How do you make a small fortune racing cars? Start with a large fortune.

[@charonsferryold]

"Our flights and holiday operations are operating as normal." 5 hours later: *I don't feel so good*

[@iand3028]

And lost my holiday

[@deltoidsforaltoids]

lolololololol

[@TheRagingStorm98]

@@iand3028 it's funny because my mate flew Thomas Cook a month before it went bust

[@dizzyfizzy4203]

Five hours later: *Hears a snap from a distance* Thomas Cook airlines: I don't feel so good.

[@bradtitt7572]

Ok boomer

[@FederationStarShip]

“This video was made possible by Thomas Cook”

[@NarendraWicaksono]

Get your free repatriation flight by using the link in the description

[@chl_ca]

"Thomas Cook was made possible by this video"

[@supernt7852]

I mean it's not wrong, without Thomas Cook being bankrupt, there's no content for this video. r/woooosh me lol

[@nathanielw8234]

Outstanding job to the CAA. Honestly that's insane how they were able to do that stunt with the A380!

[@julosx]

The CAA proves itself being the best airline company ever !

[@waluigit-poses7767]

While American Airlines chooses to delay planes because they wanted to party

[@thomask940]

The A380 cannot just land at an airport. Special conditions need to exist ...the planes are large and cumbersome, to say the least.

[@CherryCODM]

julosx Well, if it was an airline... I’d fly.

[@internetperson9813]

You know, I wonder if there's a market for the A380 to serve transcontinental flights in North America. Unlike Europe, our rail system is practically nonexistent, and if airlines bunch up service into a few hubs and connect those hubs there just might be enough demand.

[@metadragon7500]

“We are now bankrupt.”

[@yuricherkasov]

Airplane crew wish you a pleasant flight (putting on parachutes)

[@klobiforpresident2254]

@@yuricherkasov This is why flights to Schiphol are staffed with old men, it's not their first time jumping over the Netherlands. EDIT: Spelling of foreign words.

[@mirzaahmed6589]

@@klobiforpresident2254 Schiphol

[@y33t23]

Actually one time an airline went bankrupt and when the crew was informed, they told the passengers the plane wouldn't move until the passengers payed for the fuel and the crew, so in sum they had to pay thousands of dollars in order for the plane to move. They paid because they wanted to get back to their country.

[@Joshy04]

Stop flying just drops straight away.

[@ryantapley6844]

Thomas Cook goes bankrupt Wendover: Excellent

[@Aetherian1]

I work at Manchester airport. That day when all the outbound Thomas Cook flights were stuck on the ground and the repats were forced into the flight schedule was absolute chaos. Every shop and restaurant was packed with people sitting about, innocent information desk employees were barraged with abuse, armed police were out in full force. One passenger told me he was going to miss a funeral, another was on a flight with Jet2 that was delayed because of the mess and had mere hours to get to another country to see a dying relative. To this very day people turn up for flights they booked months ago with Thomas Cook and demand to board a nonexistent flight. The Thomas Cook staff were not always the nicest. Honestly, many of them were arrogant and belligerent. But neither they nor any of the passengers, deserved to get reamed by idiots too proud to wind down a falling company gently before it entirely smashed. An apt metaphor for an airline that will never land again, I suppose.

[@k.rahimi4969]

me: "Go to sleep, you need to work tomorrow." Also me: "But why do airlines go bankrupt???"

[@kasenratliff1832]

i can relate

[@Infinite-in9nm]

*feels targeted*

[@masteronelew733]

Thomas Cook: Goes bankrupt mid flight Captain: Our fuel is now air.

[@everettrailfan]

haha out in the middle of the atlantic lololol

[@liayap1211]

i was in an island when they said Thomas Cook went bankrupt. They still allow us to go home. Then there’s the in-flight food, no wonder why they went bankrupt. People must’ve cursed them all the time

[@NewBalance-pu8ft]

@@liayap1211 Was the air food bad?

[@gurseeritchahal1377]

Our plane is now cloud

[@manishk2429]

Airlines: exist Wendover: It's my time to RUMBLEEEE!!

[@gamescomgamer]

zeke, take away wendovers ability to make airplane videos

[@Mark50x]

What .

[@Hauntercry]

Jesus christ this joke has been overused to death

[@Pining_for_the_fjords]

Airlines: Don't exist Wendover: It's my time to RUMBLEEEE!!

[@aleximay9480]

Don't you mean cease to exist 😂

[@sagebrushrepair]

"A Richard Branson quote would go quite well here" - Richard Branson

[@v44n7]

Business opportunities are like buses, there's always another one coming - Richard Branson There you are

[@theq4602]

Railroads be like: "I've been looking forward to this."

[@jesusgonzalez6715]

Funny thing is: All those American business pax in aviation? Yeah, they're taking the train in Europe...

[@TwoWholeWorms]

@@jesusgonzalez6715 Well. Where the trains exist. I predict this exact bubble bursting in the 30s or 40s for low-cost train services. :/

[@jesusgonzalez6715]

@@TwoWholeWorms Why would "low cost train services" go bust? Like, how would that work? Most railways are state owned because they provide a valuable service everybody needs...

[@luismedina5792]

same for ships

[@christiansouthwick4712]

TRANSATLANTIC RAILWAY. PLEASE. I'M ON MY KNEES BEGGING FOR THIS.

[@gracecalis5421]

Airplane: **enters airspace of Europe** Bank Account: _THIS IS AN AVENGERS LEVEL THREAT_

[@hat9958]

*airline goes bankrupt* : few hour delay american airlines: *3 day delay because they just want to for fun*

[@jtlovescodelyoko]

They would do that

[@mi12no]

Only if you're flying on standby

[@k1productions87]

And then there's United. Nevermind standby, even if you are one of the normal passengers, booked well in advance, seat confirmed, actually ON THE PLANE and IN YOUR SEAT... they can still kick you off the plane FORCEFULLY for.... reasons? Oh, and NEVER fly United if you have a layover. They WILL leave your ass behind

[@tsalvo9290]

@@mi12no nah, I was flying home, and they just canceled my flight for no apparent reason, and wouldn't put me on their next flight. They instead put me on a flight 2 days later.

[@Recessionist]

Actually I am super impressed by the level of competency displayed by the folks over at the CAA. You would think that in such extraordinary circumstances as the collapse of a carrier the expected level of service would drop significantly - not in this case - some people at the CAA thought to themselves "we can't have Brits waiting abroad more than a few hours" and in advance of Thomas Cook's collapse put everything in motion to ensure that their passengers were merey delayed.

[@SirJeff]

Aviation industry: doing well COVID-19: imma 'bout to end this guy's whole career

[@astrocat9096]

lol savage as fuck

[@goatseatsoatsk2255]

Airlines: You cannot defeat Oil prices: I know I can't, but he can... Corona: Hey what's up guys Airlines: no... not him

[@zogworth]

'Government can't do anything effectively.' CAA: Hold my beer.

[@camo8369]

I know right! Everyone hates UK government but they do such smart things all the time wtf

[@jameskinard]

People hate politicians but love the beaurocracy, they make the world go round

[@suprememax4948]

@@camo8369 they dont hate the adminstrating agencies - just the idiotic political lawmakers and rightly so

[@wintrwunderland]

The thing is, if Thomas Cook wasn't actually declaring bankruptcy, then the CAA would've lost many millions of pounds.

[@Claro1993]

How’s that for Brexit?

[@israelnava4481]

10:00 why is she holding her suitcase like that ?😭

[@n3coreGames]

Hahaha

[@rahmshoshana1254]

Omg Lol 😂

[@codycast]

Man you must have been watching that video CLOSLY. I went right to that timemark and didn’t see anything even while trying to

[@scortexfire]

*I DON'T KNOW.*

[@ouassimzayani8806]

It rolls better that way .i have a simular peoblem with my case if i roll it the normal way it wont move fast

[@4wheeldrifting]

If airlines are living and dying by fuel prices, then it means they are hanging on by less than 3% to start with since fuel prices only make up 3% of ticket prices. If this is true, why wouldn’t budget airlines just buy fuel futures to flatten this risk?

[@tylershahery9623]

With a world economy more robust and connected than ever. That didn’t age well.

[@Properbellend]

The Civil Aviation Authority is paid for through bookings, each one has a contribution, so its not the Uk government picking up the bill.

[@firozosman]

Anyone know how insurance companies figure in all of this? Would be interesting to know.

[@reconx86]

@@firozosman What type of insurance?

[@user-xb9yv2ci4c]

@@firozosman In Germany, every travel provider must have an insurance that pays the flight back and the hotel costs until the flight. For some reason, the government had the genius idea of limiting the costs for the insurances to 150 million Euros, which might be not enough. Actually, in the whole European Union, countries must commit the travel providers to such an insurance.

[@cfglevy4771]

Actually, ATOL only covers package holidays, which indeed is covered through an extra £2.50 on each ticket. Flight-only holidays have been subsidised for by the UK government, as the CAA can’t just pass these repatriation charges on to airlines or passengers (all charges to industry have to be thoroughly consulted on first)

[@Vapidity]

Remember, the UK Government will also be picking up the bill on staff aspects, like redundancy pay, and intern universal credit. We also have to take into account, we don’t know how Thomas Cook sorted out their pension scheme, and if it was an internal one, all that money will be lost, so the government will have to fork out for all that too. It isn’t just customers they are having to pay for. And with people complaining about the uk government not bailing Thomas Cook out, with the £200 millions, the chances are, that Thomas Cook, would go under next year, therefore they would have to pay the £600 million next year, and £200 million this year, meaning intern paying £800 million, as remember, the £200 million, was just a backstop to get them through this winter...

[@eliaskarppi5408]

Ganjaman

[@alephkasai9384]

Make a video on how they all went bankrupt

[@almerindaromeira8352]

General and business aviation

[@FELiPES101]

Military air power...

[@BrianYYH]

Lol as long as Boeing and Airbus stay in business, Wendover should be fine.

[@Jana-ho9mu]

Not all airlines are gonna go bankrupt tho

[@esparda07]

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

[@kadartamaska]

I'm glad I'm not he only one who noticed

[@mwbgaming28]

Shes the kind of person who would ask to see the world's manager

[@BadassBobY]

Karen spotted

[@99dazemusic]

“we are experiencing some minor spells of bankruptcy, the aircraft will be deactivated promptly"

[@azazelonline]

airline: shuts down wendover productions: *_hmm_*

[@GGanon]

is that a thousand foot krutch picture?

[@nicholasbenge2596]

It’s free real estate

[@grdprojekt]

*yes please*

[@TheTitanJesus]

Brain dead joke structure

[@bradenboyko]

They’re bankrupt because I keep ordering free drinks lol

[@soupenjoyer6173]

Braden Boyko “hey can I get a Diet Coke with the can” *oh god what have you done* *engines power off*

[@eliasfeleke7920]

@@soupenjoyer6173 made my day had the same expirience flying in Cali the flight attendant was like 😦😧😟😐😒

[@oklahomadepartmentofaerosp6119]

Come to Oklahoma. Zero bankruptcy!

[@jackfrozzt6362]

The most overpriced luxury in an aircraft ever lol

[@lolyperez4892]

Braden Boyko just the ‘evil’ doers, taking down America, one airline at a time, people one at a time, Country one at a time time, one lie, to next, disaster after disaster, there the smartest in the room, they always have to remind us, were beneath there intelligent, don’t even deserve to live, next to there supremeness, oh....excuse me, I’m gonna vomit 🤮

[@SuperNuclearUnicorn]

I love watching these videos in 2022 when airlines have gone through basically the worst case scenario, then started to recover, then had another horrible scenario where a country that is a major oil producer went to war and to economically hurt that country most other countries stopped buying their oil. From the most profitable 5 years ever to less than 3 years that have destroyed airlines...

[@turbofan450]

"2019 was the year of slaughter". 2020: hold my corona beer

[@SnoopyDoofie]

Rule #1 to starting an airline company: Buy a fuel company first.

[@groovymotion5706]

Yes, buy a large fuel tank and fill it up when the price dips! 😀

[@vaibhav3874]

This might be a stupid question, but why? (please be specific)

[@CPar926]

Vaibhav , it’s a hedge against volatility in fuel prices. If you own your own refinery you have greater control over the cost to fly your planes. A lot of the major US airlines did that in the late 2000s/early 2010s IIRC

[@mirzaahmed6589]

Delta does own a refinery. However it's not a necessity. Futures contracts can lock in fuel prices, even if there market price increases.

[@vaibhav3874]

@@CPar926 Why own a fuel company simply to support your airline company when you can own a fuel company for profit? Or do these oil companies under airline companies operate both for outside consumers (profit) and themselves?

[@Literarydilettante]

Jet in India also went belly up in 2019

[@mikeoxsmal8022]

@@mlx39996 nó it was large

[@anantrelan4071]

nobody cares about India bro....

[@Styyxie]

@@mlx39996 it was larger that Monarch, Adria, XL, Aigle Azur and Cobalt

[@MambaUzumaki]

@@mlx39996 if an airline with 100 airplanes is considered "big enough" To be mentioned in the video, then I don't understand how an airline with 125 airplanes and 225 ordered airplanes is considered a small one, it wasn't even a low cost carrier either.

[@namenamename390]

Yeah but that's not relevant for the topic they wanted to discuss

[@darthreaper6830]

"2019 was the year of slaughter" *laughs in 2020*

[@andrewtaco]

Breaking news: South African Airways has just filed for bankruptcy. -Dec 6, 2019

[@Reddit-Incognito]

Aight, Malaysian here, so Malaysia and The Brits have a real good relationships especially in Aviation, so that's why the Malaysian government and Malaysia Airlines agreed on using their almost retired A380s for charter flights.

[@Oli-Johnson]

Glad to see we still have some friends around the world!

[@tiadaid]

Not so much Malaysian government, but MAS has extra capacity because the Umrah season hasn't started yet. MAS's charter division is well known, actually.

[@tryingmybest206]

who cares?

[@tryomama]

@@tryingmybest206 I care

[@damani662]

Hope MAS can recover it debt... I felt sad to MAS because it being riddle by debt and political thing

[@IsraelCube]

Last time I was this early, Pan Am still existed.

[@nickrenda9985]

Last time I was this early, Germany was still split

[@fabianreusch4870]

@@nickrenda9985 in two or in two hundred?

[@cac_deadlyrang]

Fabian Reusch Yes

[@fabianreusch4870]

@@cac_deadlyrang speech 100

[@xanpenguin754]

Last time I was this early TWA still existed.

[@artisticbagel]

You should make a video about the logistics of Tim Horton's. They have locations even in the most remote northern settlements. Would be very interesting to see how they supply them, how they can still sell things at an affordable price.

[@originalsinc]

Q: How many airlines will go bankrupt in 2020? A: Half of the airlines. The rest of airlines will go bankrupt in 2021

[@ewanerd]

That A380 looked sick at Manchester. You had the HiFly, Malaysian and Emirates A380 all at once. It was amazing.

[@jackswanson6718]

Hey Sam, just wanted to say I'm super happy I found your channel three years ago. Your content was great then, but you've taken everything to another level, especially in this past year. Your videos are entertaining, in-depth, and incredibly well researched (I also super appreciate the sources you note in your videos). HAI--while filled with jokes and puns--also has this level of high production, and I'm so happy whenever either channel posts. Also, Extremities has quickly become my favorite podcasts, and you're inspiring me to better myself and learn more about the world and how it operates. My apologies for the long post, but I just wanted to say that the work you and everyone else puts in at Wendover is extremely appreciated.

[@Dave_Sisson]

Thanks for writing that, you saved me time as I was going to say something similar myself. Everything produced by Wendover Enterprises manages the rare combination of being both consistently accurate and consistently entertaining. He is rapidly becoming my favourite KZbinr and podcaster.

[@maskedmarvel]

and we thought 2019 was a bad year for aviation

[@WomenHitTheWall]

Nathan Davies welcome to 2020!

[@schrodingersduck]

9:49 Sneaky FlyBe appearance 4 months too early. It's like a Goosebumps book about a cursed camera that shows you who's about to die

[@BritishAPT]

Yea rip Flybe

[@MrDStylzz]

Also, at 9:56, out of 4 airlines shown, 3 are bankrupt now, crazy times...

[@muslim1024]

Brilliant as always You always help me out to figure out the world around

[@NotQuiteFirst]

No it wasn't Brilliant this time, it was Shopify

[@Macusercom]

"The CIA will rebook the passengers." The Central Intelligence Airline exists. I knew it!

[@lwl2034]

he said CAA ( Civil Aviation Authority) isn't it?

[@Macusercom]

@@lwl2034 Yeah, he did. Just kidding here because it sounded similar 😛

[@lwl2034]

@@Macusercom umm what if u wanna make jokes about that u should bold the *CIA* like this

[@C-64]

이왜레 not that it matters

[@ritwicksamanta6732]

They actually had one, for black/covert operations.

[@JoaoPessoa86]

As an airline employee who flies almost exclusively on standby, those valleys are the only time I can get anywhere

[@venomq2409]

Fulano de Tal I'm glad I don't do that shit anymore. It's a class below economy unless you have a descent onload priority, access to F/J/P or, as you say, fly low peak. Besides all of that, live near your home airport.

[@rachels209]

I don’t bother with staff travel with a family. Plan ahead, buy cheap cattle class tickets and save yourself an early death through stress of getting stuck somewhere and then having to buy full fare tickets to get back anyway so you don’t lose your job. Yeah it’s all nice n rosy for all who envy us with staff travel. They don’t see the pitfalls.

[@HingleMacCringleberry]

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

[@thulx3997]

Basically, Thomas Cooked itself, along with some of the other airlines.

[@iafozzac]

That moment when you live in Europe and you have a flight booked for late October

[@raphaelforkel7759]

Me too. But I'm flying Lufthansa. If THEY go belly up out of nowhere, that would spell disaster for all of Europe for a few weeks. And especially Germany. Last year I've tried to book a flight with WOW air, only to have them cancel it a week before the flight. A few additional weeks later we've all learned why.

[@VeniVidiAjax]

I always book KLM, and Transavia (owned by KLM) as low budget airliner. Transavia is still way more expensive than Ryanair and easyJet... but then again it’s a better airline. Not gonna book a flight with picobelloAirlines... that’s asking for troubles!

[@Jablicek]

Imagine booking a Norwegian flight - at any time in the last two years. Very much nail-biting, seat-of-your-pants flying.

[@kgw72]

If you fly on a big company (AirFrance, KLM, Lufthansa, Iberia...) you shouldn't have any problem. Probably. Quite sure.

[@buffalo6524]

Wendover: *most people buy airline tickets about 5 months before their flight* Mr bean: *Am I a joke to you?*

[@JohnDoe-vz7ff]

Ugh. Overused shitty meme is overused and shitty. Please stop

[@mirzaahmed6589]

What?

[@pkj6684]

@@JohnDoe-vz7ff overused? maybe bad? that depends on who you are, you're the minority on KZbin

[@h1kicks]

Interestingly, multiple airlines featured in this video (often just in the background) have now been declared background and ceased operations. (All information comes from their Wikipedia pages.) - interjet - atlasglobal - flybe - germanwings

[@JimmyWatchMovie]

I work in the trucking industry and there some interesting parallels in that sector as well. Might be worth researching for one of your videos.

[@sayainsights]

In India : Jet Airways already collapsed in Early 2019, Air India on verge of collapsing by 2020

[@IkarimTheCreature]

This video focuses on European airlines and the seasonal economics behind them, not Asian Airlines.

[@arjunkharbanda]

@@IkarimTheCreature reason is same low cashflow

[@davilimalol4612]

Avianca also died a year ago and they also were low cost flight

[@alphestanley7194]

Malaysia airlines too

[@lcmiracle]

@@alphestanley7194 I'd think for that one I'm more surprised that it survived for this long after two disasters

[@minhae2048]

The last five years have been consistently the most profitable and financially successful years 2020: Imma break that streak real quick

[@johnmurphy5689]

*Looks at Norwegian Airlines* "Think we found the next victim of the culling season."

[@Hei_Sann326]

Our government would save it I reckon. Else too many people would lose their jobs and our prime minister would lose face

[@landlord5552]

Hope not I bought tickets for February and March to Tenerife.

[@dstblj5222]

@@landlord5552 You will be fine then, but next october, well their not looking to good.

[@dstblj5222]

@John Volken Except up until fairly recently they were massively loss-making, and its still not clear they will make money or at least not lose more then they made this summer, this winter.

[@aroundtheworldatthespeedof768]

I hope not but also wouldn't be too surprised, some of those transatlantic deals were mental. NYC-Edinburgh for $85 USD, I'm sure it was lower at points.

[@mtsik251]

I feel this question hasn’t been answered: What went wrong with these particular airlines? How did other European airlines survive? According to the video, they all face similar challenges.

[@MichaelGGarry]

The other airlines don't focus just on long-range cheap flights, like most of these did. Also Europe has a long list of flag-carriers who attract more custom simply because they are the flag carrier. I would rather fly Lufthansa than AirBerlin, for example. In fact, come to think of it, I think I have only ever flown with 2 non-flag carrier airlines across the whole world - BMI (now dead) in the UK and Jetstar (as mentioned in this very video) out of Singapore......Whereas I have flown a quite a few flag-carriers - KLM, Singapore Airlines, Malaysian, BA, Emirates, Air Canada, Sabena (Belgium, now also RIP).......

[@shazkhan85]

These are all low cost airlines, mainly operate from side airports, slight changes in the prices of fuel or any other operational resources required, can set their whole budget off. They have to keep their air fares low, if there is not much of a difference then passengers would prefer to fly with flag ship airlines as they let you carry more baggage & other perks. My bet is on Norwegian airline, next one to be doomed.

[@Heldarion]

@@shazkhan85 That may hold for other airlines but Adria Airways was never cheap, far from it in fact, and it consistently struggled, kept afloat mostly because it was owned by the state, until the last 5 or so years. The private owner that acquired it then was even worse though and literally ran it into the ground.

[@shazkhan85]

@@Heldarion Can't say anything about that, as i had no prior knowledge about the facts you stated. I think apart of few state run airliners, most of them are struggling now a days, mainly because of extra (uneccessary) staff & other mis-management. Still they are trying to keep it operational in the name of national pride + elected govt(political parties) don't want to be blamed for such thing. First they try to privatise it, so blame is on private sector in case of fall, or they keep pumping tax payers money into it.

[@cyrilchui2811]

Many major airlines are not that profitable neither. Major airlines has the benefit of government backing in many cases, better financial backing/facilities, but most important of all, have the benefits of running business class. If you check another video it will explain to you how airline makes their money, business and 1st class accounted for 80% if I remember correctly. Budget airlines pick up all the low tier passengers, large in volume, certainly praise by consumers (until it went bust of course), and perhaps get a slightly biassed image in the press and investor community.

[@Pokekid2597]

The one time I’m glad my country's Malaysian airline is mentioned

[@User-tp9bh]

Air Asia too

[@AmanKhoo]

Let’s make this section as malaysian community lol 😂

[@mirul6120]

lolll fellow malaysian ahaha

[@naimshukri8075]

Our own company mentioned twice ✌️✌️

[@aditya3david]

It's a nice airline. I have flown them great staff

[@pxndxlunx5821]

Thought the title said "Why Aliens Go Bankrupt" lol

[@gentuxable]

I could use Shopify to sell my struggling airline lol.

[@tzwacdastag8223]

1:12 Nailed that French Accent

[@cybersquire]

Sam is one classy bloke

[@jlust6660]

Nailed with a sledgehammer that is

[@RundfunkerOnline]

You forgot Germania which also went bankrupt in 2019

[@patrickhanft]

it went bankrupt in february, not in september or october, so et needed to stay unmentioned ;-)

[@johnclayton4946]

I read this comment wrong and I thought Germany went Bankrupt in 2019! Hahahahahahahahahahaha

[@Lankyblankman]

@@johnclayton4946 As long as they keep accepted every beating pulse it will happen eventually.

[@mirzaahmed6589]

He mentioned his list was not exhaustive. A complete list would make the video very long.

[@C4shaRaM4]

Yeah same for the Flymar Republic Dont worry a better ones coming up it's called the Third Flight!

[@wadesultan5074]

"2019, though, was the year of slaughter" well, that aged well lol

[@jayashrishobna]

This is one of my favourite videos of yours! Thanks for your amazing content :)

[@lumberc]

Finally a man that can answer the unanswered questions

[@corporalsilver6981]

Ryan Air's profit graph is about as stable as their landings... *bad dum tis*

[@muhammadfadhiil5992]

Ju berubah seng sm nih di f th jfuohrykvhkvfgkomu

[@Japaneseak47]

r/ijusthadastroke

[@nammehauusw1578]

8:43 "This business model is a rather new phenomenon, made possible by squarespace"

[@DaRabbiit]

Imagine the pilot landing and not having a job as he walks off the plane 😂

[@illegalalien6542]

LMAO🤣🤣🤣🤣🤣🤣🤣That's some family guy level shit right there

[@mateuszzimon8216]

In Air Berlin case look on Capitan Joe on KZbin.... He worked for AB

[@ImStevan]

1:03 a small *Chypriot* carrier

[@tallozaguy]

Good one

[@firozosman]

Prolly coz they're basically ships. 😆

[@RoamingHeathen]

Ugh, yeh that was annoying

[@CinemaDemocratica]

Oh you've done it now, stevan. I mean, what, didn't you hear that ... wait for it ... "language is fluid"?!?!? :D :D :D

[@ImStevan]

@@CinemaDemocratica a word has it's pronounciation. You can't just alter the pronounciation and say it's still correct

[@ntnwwnet]

@ 10:02: wtf is that woman doing with her (red) luggage?! It has FOUR sets of wheels and she’s using NONE of them.

[@planedudea380]

I was looking for this comment XD

[@barbatvs8959]

Maybe to preserve them or to get exercise.

[@Jeffron71]

LOL

[@wilfredfizzlebang6181]

Phenomenal. She is a legend

[@pojke4130]

They didn’t know what was coming in March 2020

[@UGMD]

Wendover’s spirit animal is definitely an airplane

[@FortuneZer0]

Flashback to 6 year old me watching the news on the grounding of swissair.

[@80sfreak14]

I was going to do homework but......Wendover upload, sorry Ms Lee.

[@yengsabio5315]

It's an almost 12 min video! So take it as a break from your homework. Cheers me mate!

[@thestratigic1631]

Same. Sorry Mr. Colgan

[@Aschraffff]

Sorry Mr. Grose, I still have tomorrow to finish this essay.

[@suriwang5284]

= MY SCIENCE TEACHERS NAME IS ALSO MS LEE AND SAME :0

[@80sfreak14]

@@suriwang5284 lmao Ms Lee is my Geography teacher and she is a fat slob she yells at us for no reason lol

[@queerzie5844]

It's heartbreaking when I think of all the brothers and sisters working for these airlines, I almost cried. So sad!!

[@scavenger6268]

Pilot: Should we tell Wendy here the actual truth? Manager: Well you thought we were already fired before....

[@its2point072]

How do airlines start in the first place? As in, how do they get money to buy their first few planes, how do they get into airports, etc

[@matthew8153]

2. oh Investors with deep pockets. Just like any other business.

[@MsJubjubbird]

THey have a lot of money. They also have to apply with aviation authorities outlining how they will operate ect.

[@barbatvs8959]

They say you need a PhD for your point of view to be expert, so why is it the first experts never had them? Because you don't need them to be an expert.

[@klobiforpresident2254]

The easiest way to make millions is to start out as a.millionaire and start a business.

[@Abdi-uy1kh]

Klobi for President Someone once said, the easiest way to become a millionaire is to start off as a billionaire and open an airline.

[@TheoHiggins]

Aw man, I used to love staring at the fancy cool blue Thomas Cook jets from my bright orange Easyjet flight

[@adamdavison64]

Theo Higgins I think the blue planes belong to TUI and they’re still flying 😊

[@blanco7726]

Adam Davison or KLM

[@stevet5629]

Thanks, Excellent show

[@lepton_01]

COVID-19: Wanna see the big airlines go bankrupt too?

[@kunaljoshi8038]

Jet Airways an Indian airways also went bankrupt in July 2019

[@AditVats]

Our businesses go bust usually due to red tape and corrupt and incompetent management.

[@kunaljoshi8038]

@@AditVats No deny in that!

[@rohithkumarsp]

My friends worked there.

[@lolboi7434]

Dem Indian mafia's money is running out lol

[@IAmSaahir]

That was a really bad shutdown Jet Airways was a good airline

[@thenotoriousjj00]

I EDITED THIS SO THE REPLIES MAKE NO SENSE.

[@odeiraoloap]

I mean, have you seen the *gazillion* charges they demand for everything else? Almost all of Ryanair's revenue came from *ancillary fees...*

[@msquaredmedia8717]

Yup. Booked my first Ryanair flight. Tried to change a passenger name as they hadn't changed their married name on their passport yet, £180..... More than the cost of the 4 return tickets... Safe to say she changed her passport instead 😂

[@emu.2219]

@@msquaredmedia8717 oh wow. You know I was surprised but when I called them up and refused to end the call until a solution was reached they did a name change on my boarding pass for free. What's crazier was I didn't even pay for the tickets, my boss did. Obviously the person on the other end of the line had KPIs to hit and couldn't just be on the phone for hours serving one person.

[@apinakapina]

I'm often flying on Wizzair, Norwegian or airBaltic. Of these, the first tries the hardest to get some extra cash from you, but it's not too annoying. Unless there's some kind of fuck up, and your ticket bar code is not available, which is going to cost 30-40 euro just to get it printed out. Seat reservations are always extra 7-15 euro, but that I know already. I'm actually more pissed off at our "real" airline Finnair, and their confusing pricing model. The same route can run from 100 to 450 euros, even for the same month. And these lines are operated by a subcontractor.

[@Jablicek]

@@msquaredmedia8717 Wouldn't it have been cheaper to rebook the flight? I've had similar problems in the past - rebooking's almost always the cheaper option.

[@KamiKagutsuchi]

Nature: Ask me again in five months

[@lavayuki]

I never thought Thomas Cook would go bankrupt since it seemed so popular

[@Sam-vy8ye]

The CAA’s response to the Thomas Cooke collapse gives me a new appreciation for the civil service

[@GrandMarshalGarithos]

Sam Yeah I thought that was quite impressive, expensive for the taxpayer though.

[@KuK137]

It should give you appreciation to the EU, because EU mandated such operations as part of passenger insurance scheme. Thatcher/May/Bozo UK would be perfectly content with letting hundreds of thousands of people rot, after all, they could just pull themselves by bootstraps back to UK, eh?

[@funny-video-YouTube-channel]

The Airline *competition in Europe is intense.* High speed trains compete on the price too. Then there are buses across Europe too.

[@alexgoslar4057]

Thank you for a plausible analysis of the commercial dilemma that airlines are facing. There are alternatives but they demand uncomfortable adjustments.

[@AnkurBhase]

This video should be classified as a "Timeless Classic" by the algorithm!