The Collapse of Pan Am | Overspending, Overselling, Bankruptcy | History in the Dark
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- Опубликовано: 5 июл 2024
- Pan American World Airways was originally founded on March 14, 1927 and over time rose to become one of the most dominant airlines in the world. They peaked in the late 1960's and in 1970 embraced the brand new Boeing 747 to kick off the era of widebody aircraft. But after this, they would encounter almost nothing but problems to which they would react by selling some of their most valuable assets and purchasing many useless things.
✈️Further Reading✈️
simpleflying.com/30-years-on-...
simpleflying.com/airline-dere...
inspireip.com/airline-collaps...
en.wikipedia.org/wiki/Pan_Am
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The motto "The World's Most Experiended Airline" led to people pointing out after any mishap that Pan-Am was having another of their experiences.
What airline has not had their experiences?
@evankalbach9985 to be experienced, you must have experiences. Unfortunately, this joke was too much for you.
I remember flying Pan Am back in 1986 heading home from college. They lost a backpack that I had checked for luggage. I never got it back.
I should also point out that Flight 103 was not the only terrorist attack to hit Pan Am, as there was also Flight 830 in Hawaii (which was also bombed) and more famously, Flight 73, a hijacking in Pakistan. Those incidents soured Pan Am's rep pretty badly, and Flight 103 was pretty much the final nail in the coffin.
Let us not forget about Pan Am's other disaster that they were involved in - The 1977 Tenerife Airport disaster, the Deadliest Aviation Accident.
@@tempesttyphoon2925 That was not Pan Am's fault, nor did it sour their reputation in any way.
Worldwide Pan Am was more exposed due to basically going everywhere.
Pan Am was the _de-facto_ US flag carrier which made it a target to anyone with anti-American sentiments.
The Gulf War.
In October of 1990, I flew in a Pan Am 747 to the War Zone in Saudi Arabia. The return flight in March was on an America West 747.
Loosing $3 million a day sounds like it’s $2 million dollars more than the Penn Central, which was loosing $1 million dollars a day!
That's the nature of the airline industry - that industry is even more capital-intensive than the railroad industry.
De-regulation is what really killed Pan Am, nothing else. When the oil crisis hit, if all carriers were regulated all would raise prices the same so it came to personal preference. Unions had an effect but at the time all the large carriers had the presence of unions.
WHAT THE HELL i just watched you other pam am video not even 10 minutes ago ... what is this coincidence
I feel like Pan Am selling off a whole market was like Milwaukee Road selling off the Pacific Extension
I knew you talked about major railroads that went down under, along with some highly obscure airlines here and there, but I didn’t think you were ever gonna touch on Pan Am. But hey, I’m not complaining
Great video Darkness, fascinating information on the fall of an iconic airline.
i'm really liking this type of content! keep it up, darkness!
Sorry for commenting again but the term “complacency” sounded familiar. That’s what the Baldwin Locomotive Works felt during the transition era from steam to diesel locomotives.
Interesting take on the fall...Not to be nitpicking here but a couple of your place pronunciations were incorrect. Recheck "Heathrow" and "Barbados"... Plus you forgot the TV series Pan AM
That show _really_ should have gotten a second season.
I was born in 1985, and as a kid I can remember ashtrays in the arm rests
If only...Instead of overpaying for National, Pan Am could've underpaid for PSA to feed the west coast routes, Allegheny & Piedmont in the east, and Ozark for the middle.
Those are all American Airlines now. The coastal ones via US Airways and Ozark via TWA.
As for deregulation, Pan Am should have focused on building their own domestic network from the group up or partnered (not buy) an up and coming competitor that lacked lucrative international routes.
If they just left National alone, the maybe both airlines would still be around today
I'm guessing we can't blame SAUNDERS on this.
20:39 Heathrow = HEETH-roe
25:10 Barbados = bar-BAYD-ose
26:42 Icahn rhymes with icon (long stressed I, syllables run together)