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
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"
@@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.
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?
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.
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.
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.
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...
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..
@@toring61_52 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
@@toring61_52 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.
@@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.
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)
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...
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.
@@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.
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.
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.
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
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
@@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.
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.
@@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.
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.
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.
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.
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 RUclipsr and podcaster.
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 🤮
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?
@@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...
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...
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.
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).......
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.
@@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.
@@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.
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.
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 😂
@@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.
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.
@@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.
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.
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?
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.
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!
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.
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.
You need to add Air India to the list. If not for Indian Govt's tax payer money. Things would have been bust 5 yrs bck. 2000cr loss every year. Not a good sign
@@prashr4075 Oh definitely. I must admit I found them to be hilariously old-fashioned though I did enjoy the flight, though it amazed me how dated they could make relatively new aircraft look.
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
@@ctusiard9755 Avianca Brazil was not a part of Avianca Holdings. It was owned by Synergy Group, which has a pretty big stake on Avianca, but doesn't totally own it. They had licensed the Avianca name and livery though. They were aloso on Star Alliance and codeshared with Avianca. It's true that Avianca Holdings is restructuring wuite drastically as proffits have dropped to the point that they had to move their brand-new 787-9 (N797AV) to Abu Dhabi and store it there until it has enough money to operate it. And that's no wonder. Viva Air has been eating up most of the Air traffic in Colombia from Avianca and LAtam Colombia.
anthony2154 well, AVIANCA is a Colombian airline and it is (arguably) the biggest airline in Latin America (some say after Latam Airlines) with main hubs in several countries, flying intercontinental and with way more than 2 aircrafts.
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
Wow. I've been a fan of Wendover for a long time now but this video is incredible in almost every way, research, production, entertainment etc, etc. You guys are really doing it. Keep it up.
Wendover is keeping the entire aviation industry afloat
You mean in the air
Ha! Hahaha!
Luis G. M.García the entire aviation industry is keeping wendovet afloat
@@askaryl7610 You ship by roads, you freight via water and you cargo by air. And actually airplanes stay buoyant due to their wings ;)
@@askaryl7610 Boat-planes ftw
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
Thought literally the same exact thing
Holy shit 😂😂u made my day
I just started commenting the same exact thing and saw this as a top comment...
@@DaZomb1eslayer Me too
He has you trained
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"
Flybe: OOF
Pulled a little sneaky on ya.
Haha, isn't capitalism great! It's such a stable provider of happiness!
@@jessimatic So in a non-capitalist place airlines would be able to sustain themselves? Communists still get paid, ya know.
@@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.
2019: Why so many airlines are going bankrupt
2020: Why so many airlines are still not bankrupt
inverted
@@the_infinity_u have lesser airlines going bankrupt in 2020 than 2019
Thomas Cook: ""We are ceasing operations *immediately* "
(Remotely deactivates airplanes in mid-flight)
pilots get up and leave
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?
@@bearcubdaycare I doubt it, but if that were the case? I believe the military can designate them to keep them legal
goodfilmful “Uhh... Ladies and Gentlemen, this is your captain speaking... goodbye.” Parachutes out like James Bond.
@ Baker. The airline company lease their planes. As in they don't own them. There are no planes to commander owned by T. Cook
"How to become a millionaire: Start out as a billionaire and open an airline."
-Richard Branson
Thanks for sharing that🤣
wrr
How to become a billionaire: Start out as a millionaire and take advantage of government.
Doesn't he own virgin Airline?
Ha ha ha 😃😃😃
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.
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.
Damn!
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.
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.
@@michaelkitchin9665 Who gave them 900m??
*Coronavirus appears
Airlines : **Chuckles** I'm in danger
**Disliked the video because he didn't mention COVID-19**
It's suddenly become the aviation version of The Hunger Games
1 canon shot could be heard: Flybe has died
@@roughlygalaxy do you have stupid?
You do realize it was ironic, right?
And no I don't have stupid whatever it means.
Gleison Storto it didn’t exist yet at the time of the video
Imagine hearing the pilot mid flight saying "I'm no longer the pilot"
That would be pretty sad
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...
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..
@@toring61_52 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
@@toring61_52 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.
Hello
You know that there are channels, like Captain Joe for example, who only make videos about airplanes and airplane related stuff.
I see plenty of them not covered yet
Jehty nobody gives a fuck
Jehty fair point
but he doesn't have the Toyota Corolla
8:46 Video: "This business model is made possible by..."
ME: SKILL SHARE!!!!
Video: "Smaller fuel efficent aircraft..."
ME: I need help...
Awww man
So we back in the mines
Sammeeee!!
We are completely brainwashed!!!
fucking skillshare lol.
"How to become a millionaire: Start out as a billionaire and open an airline."
*-Shrek*
It's never ogre
"Get out of me swamp"
-Richard Branson
@mnemonic Max I laik Shrønk
Daksh Pat How about you ACTUALLY respond to my replies instead of just deleting them?
@@Voltlighter GET OUT OF MY HOUSE
-Hagrid
8:45 When he said "made possible", my brain autocompleted that sentence to "by Skillshare"
Same, lol
Do you salivate when you hear a bell ring?
The power of marketing!
When YOU said "made possible", my brain autocompleted that sentence to "by Skillshare"
fuck SHILLSHARE
"Our flights and holiday operations are operating as normal."
5 hours later: *I don't feel so good*
And lost my holiday
lolololololol
@@iand3028 it's funny because my mate flew Thomas Cook a month before it went bust
Five hours later: *Hears a snap from a distance*
Thomas Cook airlines: I don't feel so good.
Ok boomer
Airlines: exist
Wendover: It's my time to RUMBLEEEE!!
zeke, take away wendovers ability to make airplane videos
What .
Jesus christ this joke has been overused to death
Airlines: Don't exist
Wendover: It's my time to RUMBLEEEE!!
Don't you mean cease to exist 😂
2019: So many airlines went bankrupt!
2020: meh, hold my beer..
@Stephen Smith Wait ! Time traveler ?
@Stephen Smith Hey, no spoilers - I want to see how the ensuing chaos unfolds for myself!
What’s the quickest way to become a millionaire? Start as a billionaire and run an airline
-Richard Branson
Why not quote Richard Branson who actually said this?
@@yaz2928 "Behead those who misattribute quotations."
- Abraham Lincoln
@@ReptilianLepton Decapitation is too light of a punishment for people guilty of this serious crime. I suggest quartering by horses.
Translated into poor people langauage: "I'm either lying or a shitty business man, either way, lower my taxes you filthy peasants."
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.
Airplane: **enters airspace of Europe**
Bank Account: _THIS IS AN AVENGERS LEVEL THREAT_
The Civil Aviation Authority is paid for through bookings, each one has a contribution, so its not the Uk government picking up the bill.
Anyone know how insurance companies figure in all of this? Would be interesting to know.
@@firozosman What type of insurance?
@@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.
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)
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...
So the profitability of an airline depends totally on the price of oil. Sounds like a stable business.
dante odinson chill, you refine oil to make petroleum, fuel and other stuff
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.
The extinction of the middle class sure didnt help too.
And consuming oil and gas destabilizes the only environment we have to live in! Sounds like a stable civilization! (spoiler: it's not)
Bobspineable Solar power, wind power, natural gas, geothermal, nuclear, coal
Many non-oil options lmao
Thomas Cook goes bankrupt
Wendover: Excellent
“We are now bankrupt.”
Airplane crew wish you a pleasant flight (putting on parachutes)
@@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.
@@klobiforpresident2254 Schiphol
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.
Stop flying just drops straight away.
Outstanding job to the CAA. Honestly that's insane how they were able to do that stunt with the A380!
The CAA proves itself being the best airline company ever !
While American Airlines chooses to delay planes because they wanted to party
The A380 cannot just land at an airport. Special conditions need to exist ...the planes are large and cumbersome, to say the least.
julosx Well, if it was an airline... I’d fly.
@@thomask940 wait until you try fuelling one!
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.
Thomas Cook: Goes bankrupt mid flight
Captain: Our fuel is now air.
haha out in the middle of the atlantic lololol
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
@@liayap1211 Was the air food bad?
Our plane is now cloud
'Government can't do anything effectively.'
CAA: Hold my beer.
I know right! Everyone hates UK government but they do such smart things all the time wtf
People hate politicians but love the beaurocracy, they make the world go round
@@camo8369 they dont hate the adminstrating agencies - just the idiotic political lawmakers and rightly so
The thing is, if Thomas Cook wasn't actually declaring bankruptcy, then the CAA would've lost many millions of pounds.
How’s that for Brexit?
*airline goes bankrupt* : few hour delay
american airlines: *3 day delay because they just want to for fun*
They would do that
Only if you're flying on standby
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
@@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.
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.
“This video was made possible by Thomas Cook”
Get your free repatriation flight by using the link in the description
"Thomas Cook was made possible by this video"
I mean it's not wrong, without Thomas Cook being bankrupt, there's no content for this video.
r/woooosh me lol
Ganjaman
Make a video on how they all went bankrupt
General and business aviation
Military air power...
Lol as long as Boeing and Airbus stay in business, Wendover should be fine.
Not all airlines are gonna go bankrupt tho
Jet in India also went belly up in 2019
@@mlx39996 nó it was large
nobody cares about India bro....
@@mlx39996 it was larger that Monarch, Adria, XL, Aigle Azur and Cobalt
@@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.
Yeah but that's not relevant for the topic they wanted to discuss
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.
Glad to see we still have some friends around the world!
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.
who cares?
@@tryingmybest206 I care
Hope MAS can recover it debt... I felt sad to MAS because it being riddle by debt and political thing
Aviation industry: doing well
COVID-19: imma 'bout to end this guy's whole career
lol savage as fuck
10:00 why is she holding her suitcase like that ?😭
Hahaha
Omg Lol 😂
Man you must have been watching that video CLOSLY. I went right to that timemark and didn’t see anything even while trying to
*I DON'T KNOW.*
It rolls better that way .i have a simular peoblem with my case if i roll it the normal way it wont move fast
airline: shuts down
wendover productions: *_hmm_*
is that a thousand foot krutch picture?
It’s free real estate
*yes please*
Brain dead joke structure
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.
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 RUclipsr and podcaster.
"A Richard Branson quote would go quite well here" - Richard Branson
Business opportunities are like buses, there's always another one coming - Richard Branson
There you are
They’re bankrupt because I keep ordering free drinks lol
Braden Boyko
“hey can I get a Diet Coke with the can”
*oh god what have you done*
*engines power off*
@@soupenjoyer6173 made my day had the same expirience flying in Cali the flight attendant was like 😦😧😟😐😒
Come to Oklahoma. Zero bankruptcy!
The most overpriced luxury in an aircraft ever lol
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 🤮
That A380 looked sick at Manchester. You had the HiFly, Malaysian and Emirates A380 all at once. It was amazing.
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?
Railroads be like:
"I've been looking forward to this."
Funny thing is: All those American business pax in aviation? Yeah, they're taking the train in Europe...
@@jesusgonzalez6715 Well. Where the trains exist. I predict this exact bubble bursting in the 30s or 40s for low-cost train services. :/
@@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...
same for ships
TRANSATLANTIC RAILWAY. PLEASE. I'M ON MY KNEES BEGGING FOR THIS.
Last time I was this early, Pan Am still existed.
Last time I was this early, Germany was still split
@@nickrenda9985 in two or in two hundred?
Fabian Reusch Yes
@@cac_deadlyrang speech 100
Last time I was this early TWA still existed.
Brilliant as always
You always help me out to figure out the world around
No it wasn't Brilliant this time, it was Shopify
"The CIA will rebook the passengers."
The Central Intelligence Airline exists. I knew it!
he said CAA ( Civil Aviation Authority) isn't it?
@@lwl2034 Yeah, he did. Just kidding here because it sounded similar 😛
@@Macusercom umm what if u wanna make jokes about that u should bold the *CIA* like this
이왜레 not that it matters
They actually had one, for black/covert operations.
Airlines: You cannot defeat
Oil prices: I know I can't, but he can...
Corona: Hey what's up guys
Airlines: no... not him
The Airline *competition in Europe is intense.*
High speed trains compete on the price too.
Then there are buses across Europe too.
me: "Go to sleep, you need to work tomorrow."
Also me: "But why do airlines go bankrupt???"
i can relate
*feels targeted*
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.
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...
Basically, Thomas Cooked itself, along with some of the other airlines.
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.
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).......
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.
@@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.
@@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.
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.
The one time I’m glad my country's Malaysian airline is mentioned
Air Asia too
Let’s make this section as malaysian community lol 😂
lolll fellow malaysian ahaha
Our own company mentioned twice ✌️✌️
It's a nice airline. I have flown them great staff
With a world economy more robust and connected than ever. That didn’t age well.
I EDITED THIS SO THE REPLIES MAKE NO SENSE.
I mean, have you seen the *gazillion* charges they demand for everything else? Almost all of Ryanair's revenue came from *ancillary fees...*
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 😂
@@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.
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.
@@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.
In India : Jet Airways already collapsed in Early 2019, Air India on verge of collapsing by 2020
This video focuses on European airlines and the seasonal economics behind them, not Asian Airlines.
@@IkarimTheCreature reason is same low cashflow
Avianca also died a year ago and they also were low cost flight
Malaysia airlines too
@@alphestanley7194 I'd think for that one I'm more surprised that it survived for this long after two disasters
10:00 That lady with the red luggage just wants to see the world burn.
I'm glad I'm not he only one who noticed
Shes the kind of person who would ask to see the world's manager
Karen spotted
“we are experiencing some minor spells of bankruptcy, the aircraft will be deactivated promptly"
Finally a man that can answer the unanswered questions
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
2. oh
Investors with deep pockets. Just like any other business.
THey have a lot of money. They also have to apply with aviation authorities outlining how they will operate ect.
The easiest way to make millions is to start out as a.millionaire and start a business.
Klobi for President Someone once said, the easiest way to become a millionaire is to start off as a billionaire and open an airline.
governments
Jet Airways an Indian airways also went bankrupt in July 2019
Our businesses go bust usually due to red tape and corrupt and incompetent management.
@@AditVats No deny in that!
My friends worked there.
Dem Indian mafia's money is running out lol
That was a really bad shutdown
Jet Airways was a good airline
"2019 was the year of slaughter".
2020: hold my corona beer
Planes: exist
Wendover productions: *I T ‘ S F R E E R E A L E S T A T E*
d4 no complaints tho
Ah, it's that really funny and really unique meme, noone uses, very funny. Haha!
Able559 ikr I’ve blown away by creativity
(｀_´)ゞ
Just fucking stop
And if you look to your left, you’ll see this fucking comment again
Ryan Air's profit graph is about as stable as their landings...
*bad dum tis*
Ju berubah seng sm nih di f th jfuohrykvhkvfgkomu
r/ijusthadastroke
You forgot Germania which also went bankrupt in 2019
it went bankrupt in february, not in september or october, so et needed to stay unmentioned ;-)
I read this comment wrong and I thought Germany went Bankrupt in 2019! Hahahahahahahahahahaha
@@johnclayton4946 As long as they keep accepted every beating pulse it will happen eventually.
He mentioned his list was not exhaustive. A complete list would make the video very long.
Yeah same for the Flymar Republic
Dont worry a better ones coming up it's called the Third Flight!
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.
The CAA’s response to the Thomas Cooke collapse gives me a new appreciation for the civil service
Sam Yeah I thought that was quite impressive, expensive for the taxpayer though.
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?
1:03 a small
*Chypriot* carrier
Good one
Prolly coz they're basically ships. 😆
Ugh, yeh that was annoying
Oh you've done it now, stevan. I mean, what, didn't you hear that ... wait for it ... "language is fluid"?!?!? :D :D :D
@@CinemaDemocratica a word has it's pronounciation. You can't just alter the pronounciation and say it's still correct
That moment when you live in Europe and you have a flight booked for late October
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.
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!
Imagine booking a Norwegian flight - at any time in the last two years. Very much nail-biting, seat-of-your-pants flying.
If you fly on a big company (AirFrance, KLM, Lufthansa, Iberia...) you shouldn't have any problem. Probably. Quite sure.
As an airline employee who flies almost exclusively on standby, those valleys are the only time I can get anywhere
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.
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.
Flashback to 6 year old me watching the news on the grounding of swissair.
Jet Airways also went Bankrupt in 2019
Really?
They were gay anyway
@@Khetamine mega gay*
What kind of name is Jet Airways? Sounds like whoever thought of the name was pretty lazy.
@@fighter5583 Indian carrier. Not the nicest of airlines, but they flew, and they weren't exactly small.
1:12 Nailed that French Accent
Sam is one classy bloke
Nailed with a sledgehammer that is
Breaking news: South African Airways has just filed for bankruptcy.
-Dec 6, 2019
Jet Airways in India in 2019
Kingfisher airlines
Sahara airlines
Deccan airlines
Archana airlines
Paramount airways
MDLR airways
Air Pegasus
Kalinga air
Zoom air
@@ayush1ism but jet airways wwas massive
He did say his list was not exhaustive.
You need to add Air India to the list.
If not for Indian Govt's tax payer money. Things would have been bust 5 yrs bck.
2000cr loss every year. Not a good sign
@@prashr4075 Oh definitely. I must admit I found them to be hilariously old-fashioned though I did enjoy the flight, though it amazed me how dated they could make relatively new aircraft look.
I was going to do homework but......Wendover upload, sorry Ms Lee.
It's an almost 12 min video! So take it as a break from your homework. Cheers me mate!
Same. Sorry Mr. Colgan
Sorry Mr. Grose, I still have tomorrow to finish this essay.
= MY SCIENCE TEACHERS NAME IS ALSO MS LEE AND SAME :0
@@suriwang5284 lmao Ms Lee is my Geography teacher and she is a fat slob she yells at us for no reason lol
@ 10:02: wtf is that woman doing with her (red) luggage?! It has FOUR sets of wheels and she’s using NONE of them.
I was looking for this comment XD
LOL
Phenomenal. She is a legend
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
I know we constantly make fun of Sam for the aviation videos, but low key they’re honestly my favorite haha
Aw man, I used to love staring at the fancy cool blue Thomas Cook jets from my bright orange Easyjet flight
Theo Higgins I think the blue planes belong to TUI and they’re still flying 😊
Adam Davison or KLM
Airlines: *Does anything*
Wendover: *_LETS MAKE A VIDEO ON THIS!!_*
Hey did you hear of that airline that flew an airplane?
*WRITE THAT DOWN! WRITE THAT DOWN!*
Airlines: Go bunkrupt
Wendover: *new content*
KingChicken wow! Great video idea!
@@Aviatial thank you, I taught myself to think like Wendover
"2019 was the year of slaughter"
*laughs in 2020*
Airlines: Are going bankrupt
Sam from Wendover: **crying**
Just when you thought he ran out of ways to talk about planes/airlines
Avianca Brasil also went bankrupt in 2019
Avianca Holdings as a whole has gone into reestructuring.
RIP best airline in Brazil.
@@ctusiard9755 Avianca Brazil was not a part of Avianca Holdings. It was owned by Synergy Group, which has a pretty big stake on Avianca, but doesn't totally own it.
They had licensed the Avianca name and livery though. They were aloso on Star Alliance and codeshared with Avianca.
It's true that Avianca Holdings is restructuring wuite drastically as proffits have dropped to the point that they had to move their brand-new 787-9 (N797AV) to Abu Dhabi and store it there until it has enough money to operate it. And that's no wonder. Viva Air has been eating up most of the Air traffic in Colombia from Avianca and LAtam Colombia.
anthony2154 well, AVIANCA is a Colombian airline and it is (arguably) the biggest airline in Latin America (some say after Latam Airlines) with main hubs in several countries, flying intercontinental and with way more than 2 aircrafts.
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
Yea rip Flybe
Also, at 9:56, out of 4 airlines shown, 3 are bankrupt now, crazy times...
The fact that Adria went belly up 2 weeks ago I must say respect for Wendover for having facts up to date, LITERARY
I agree. I was wondering if he would mention Adria Airways and he did.
@@debeluhar same here, first time he mentioned slovenia (in a way) so im happy
Umm, it was widely reported on aviation blogs. It's not that hard to keep up.
Next year: why Wendover is unable to make new content
He went from Wendover, to Planedover to Brokedover
@@Tezzeen Finding topics can be hard, man. Let him do his thing.
@@geethsan1567 It is just a joke maaaan, I love Wendover
As long as there are, were, or will be a plane, there will be Wendover! :D
@@Tezzeen Oh shit dude that was actually meant for OP but I accidentally replied to you. But hey, cheers!
This video is exactly the right amount of interesting. 👌🏼
Exactly half as interesting as his other ones
Jk it was good
It's twice as interesting
On that note, can a video be too interesting?
Q: How many airlines will go bankrupt in 2020?
A: Half of the airlines. The rest of airlines will go bankrupt in 2021
Planes : exist
Wendover productions : write that down! Write that down!
Charles the French? ;D
😂😂👌
Stop
I would like to see a video about "The Logistics of the ISS"
They have a video about that
Look on their channel, they already have one
I honestly thought you said ISIS, I'd like to see that video too
@@zachwallis5770 would be interesting as well lol
there is a video about that on his channel already :D
2018:Don't just book it, Thomas Cook it!
2019:Don't just book it, Thoma Coo-oh wait you can't.
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
and we thought 2019 was a bad year for aviation
Nathan Davies welcome to 2020!
Arlines: Exists
Wendover: Hippity Hoppity, you’re now my property
the fuck
What the fuck does this mean?
The responses to this absolute fuckery of a comment are gold
Stupid meme.
Charalampos Koundourakis it fucking means wendover likes to make aviation vids
"What's for sure, though, is that Thomas Cook will not be the last to fall"
*Close up of Wizz airlines logo*
Subtle.
@Sparrow ? i dont see the problem with his channels lol
Timecode please?
@Sparrow why so salty?
Lol @Sparrow I feel honored that you would take time out of your day to investigate my subs list. Which one was your least favorite of my subs list?
@@andymadden8183 10:05
Wendover: *most people buy airline tickets about 5 months before their flight*
Mr bean: *Am I a joke to you?*
Ugh. Overused shitty meme is overused and shitty. Please stop
What?
@@JohnDoe-vz7ff overused? maybe
bad? that depends on who you are, you're the minority on RUclips
Wow. I've been a fan of Wendover for a long time now but this video is incredible in almost every way, research, production, entertainment etc, etc. You guys are really doing it. Keep it up.
Nobody:
Wendover: "You see..."
No
wrg,idts
Wendover: 'A small Chipriot airline'
Cypriots: Am I a joke to you?
dude we are a joke to the whole world:D
🤣🤣🤣🤣🤣🤣🤣 do I amuse you
The last five years have been consistently the most profitable and financially successful years
2020: Imma break that streak real quick