Why So Many Airlines are Going Bankrupt | Wendover Productions
Wendover Productions

Why So Many Airlines are Going Bankrupt | Wendover Productions

B2Upper-intermediateOctober 22, 202616 min
  • Business & money

Why So Many Airlines are Going Bankrupt Start building your online store with Shopify for free for 14 days by signing up at http://shopify.com/wendoverBuy a Wendover Productions t-shirt from our Shopify-powered store: https://standard.tv/collections/wendover-productions/products/wendover-productions-shirtListen to Extremities at http://ExtremitiesPodcast.comSubscribe to Half as Interesting (The other channel from Wendover Productions): https://www.youtube.com/halfasinterestingYoutube: http://www.YouTube.com/WendoverProductions Instagram: http://Instagram.com/sam.from.wendover Twitter: http://www.Twitter.com/WendoverPro Sponsorship Enquiries: [email protected] Other emails: [email protected] Reddit: http://Reddit.com/r/WendoverProductionsAnimation by Josh Sherrington ...

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this period.

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high—or at least most of it.

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B2

B2 · Upper-intermediate

Comfortable if you already follow TV news

A1 9%A2 33%B1 38%B2 17%C1 3%
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0:00

This video was made possible by Shopify, the platform behind Wendover and hundreds of thousands of others' online stores. The last five years have been the most consistently profitable and financially successful years ever for the world's commercial airlines.

0:15

Including the 2019 forecast, they've earned more than $160 billion in combined profit over this period. With a world economy more robust and connected than ever, the aviation industry is flying high—or at least most of it.

0:29

In these same five years, the world has seen some extremely high-profile airline collapses, and the frequency of these seems to only be picking up. The trend truly began in 2017 when Monarch, a well-respected British leisure airline with 50 years of history, went belly up. The very same month, Air Berlin, a massive airline with over 8,000 employees and 100 planes,

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