How COVID-19 Broke the Airline Pricing Model

2,367,922
0
Published 2020-08-26
Learn complex topics simply by being one of the first 200 to sign up at Brilliant.org/wendover

Listen to Extremities at ExtremitiesPodcast.com/

Buy a Wendover Productions t-shirt: standard.tv/collections/wendover-productions/produ…

Subscribe to Half as Interesting (The other channel from Wendover Productions): youtube.com/halfasinteresting

Youtube:    / wendoverproductions  
Instagram: Instagram.com/sam.from.wendover
Twitter: www.Twitter.com/WendoverPro
Sponsorship Enquiries: [email protected]
Other emails: [email protected]
Reddit: Reddit.com/r/WendoverProductions

Animation by Josh Sherrington
Sound by Graham Haerther
Thumbnail by Simon Buckmaster

Select footage courtesy the AP Archive

References:
[1] www.iata.org/en/pressroom/pr/2020-02-06-01/
[2] corporate.ryanair.com/news/ryanair-december-traffi…
[3] www.tsa.gov/coronavirus/passenger-throughput
[4] travelskills.com/2017/10/31/avoid-business-trips/

Musicbed SyncID:
MB01EIDFY1CAFLH

All Comments (21)
  • @FaithGaming11
    Good to see the stock footage companies haven't been heavily affected
  • @101Phase
    5:24 Shoutout to that sailing boat that did an emergency loop to avoid hitting the ferry
  • @brandonking1737
    Wendover 2018: How Airlines price flights Wendover 2020: How Covid broke pricing flights
  • Logistics, COVID and airplanes? The dream subject for Wendover Wendover if you see this: love your videos
  • @Julia-rm2vw
    aviation industry: we cannot lower prices anymore ryanair: ~increase ads in airplanes~
  • @edpowers3764
    I work at an airline revenue management department and this guys videos on the airlines are spot on. I was actually part of the modelling efforts post Covid and we tried to predict the new demand signal. It was a very difficult problem. Now things are beginning to look normal again thank god!
  • @Bshue123
    Sam, I don't want to alarm you, but there's this guy impersonating you on YouTube. Granted, his videos are Half as Interesting as yours are, but I thought you should know.
  • @Adi-ud8wi
    Surprisingly, he didn’t roast Newark
  • @jazzip
    Finally airlines will be more humble and give us our 2 free bags back.
  • @yc7291_
    2:02 I see that stock footage lady is typing with her trackpad...
  • @itaishufman8951
    Wendover is probably single handedly financing the entire aviation stock video industry
  • Imagine if the computers broke so badly it ended up like oil I would like to travel to NYC Understandable, have $35
  • @HyperLuigi37
    This probably explains something I found a couple nights ago that I thought was pretty extraordinary. I was looking for flights from Philadelphia to Tokyo. Not gonna be an easy or cheap trip no matter what, with a minimum of one layover - most likely in Los Angeles. Those were generally around $800-$1200. However, using Kayak I found a pretty extraordinary route. It used three short-term layovers, and managed to get the cost down to a mere $400. From Philadelphia to Las Vegas, an hour later from Vegas To Los Angeles, and an hour later from LA to San Francisco, followed by an overnight stay in SanFran, finishing off with a 1pm flight from SanFran to Tokyo. The total trip is 44 hours, although ~20 of them are spent off of a plane. I’m going to guess the reason for massive save in cost is the much lower demand for the individual legs of the trip, causing the overall trip to half in price.
  • @midievalcat7770
    cue David Attenborough voice “here we see the Sam in his natural habitat, talking about planes”
  • @FlyWithMe_666
    Most important stuff related to planes in 2020: 1. Flight Sim 2020 2. Wendover ... 14. Actual planes and airlines
  • @noonedude101
    As a pilot for a regional Airline, as much as I disparage Airline management, I have to thank American Airlines for two major reasons. They increased my flying to Florida destinations that I enjoy, and I have not been to New York in almost a year.
  • @lh7128
    it's like the chinese restaurant i went to today: they offer all-you-can-eat buffet, but they can only orient themselves on reservations. If fewer people reserve, they cook less, if more, they cook more. But what if there's a day no one reserves? maybe no one will come and they wasted tons of food. maybe everyone orders from the menu and the food gets wasted anyways. When suddenly a bunch of people come, the chefs can't cook fast enough as they had to compromise on personell and not enough waiters/ waitresses are present to attend every customer... just reserve as early as you can every time you can, it often is just a free call and a minute of time for much less problems for the places.