While the r2 of a linear regression can vary in the result, anything as low as 15% is for all intents and purposes useless. Not that I'd expect anything less from this channel. Pushing pseudo-knowledge of topics is not the same as being an expert, always hilarious when you run off the cliff of not knowing shit from shinola

I see a Tui 787-9 every month at kingston BA competes with them with the 777 200ERs i would rather fly tui to where it goes in UK rather than BA

Only Sami Puro knows the answer. )))

Norwegian Long Haul is now kaput! The next one would be AirAsia X.

Who is here after Norwegian decided to cancel it's long-haul business?

R^2 of .36, .16 or .15 is not correlated at all, also the .36 you should remove the high leverage point at the top right. this video is rediculus

By Brazilian standards AZUL is not a low-cost carrier, it is actually the expensive one, even in the long haul market. Brazilian's low-cost carrier is GOL.

9:58 what the hell is that woman doing

Recognizing that 'data' is plural and using the appropriate grammar is my kink

Here after Norwegian quitting long-haul to even stay afloat. Take a look at its share price to see how much they're struggling, efficiently bankrupt.

Norwegian has just announced that they getting out of the long -haul business.

Your method in using statics is fundamentally flawed. A R2 of 0.36 is not conclusive. Linear regression with only one variable is not the standard procedure. If you absolutely want to make a regression, you should do one with multiple variables and try different models. But you shouldn't even try using regression methods first, because you can't be sure that your variables are independent. Onr method that would be the more adequate if you think that your meaningful variables are linear dependent would be PCA. And even that would not be conclusive, bexause the size of the sample is so small. I am not an expert in statistics (geometric toplogy which is far off), but I am quite sure that what you did is a mathematical nonsense. You should read undergrad level statistics and you woukd understand what are the issues and with postgraduate books I am sure that you can find a method more effective.

I really miss long haul travel corona be damned!

P-values not R squared should be used. An extreme case is if you only had 2 airlines to study, everything would be perfectly correlated. Likewise, as you get more data (or... maybe not since that would mean more low-cost airlines opening up and that would distort data by adding competition and making existing airlines less profitable rather than complementing existing data) other factors you dismissed as unimportant like GDP per capita of origin, aircraft utilization, aircraft capacity, might actually turn out to be important. Or maybe you'll find they still aren't imporant.

All in on charters.

Latam is a merge between TAM and LAN Airlines. TAM was always about quality, so you could consider it a full service. LAN I don't know since its from Chile. But one thing I can say for sure: LATAM is none of them: neither quality or cost, that is why Azul is growing a lot. Azul is cost AND quality. With a horrible competitor like that you definitely gets a fair share of the market.

To summarize: flying still very expensive for a lot of people and they are already talking about tourism to Mars.

Where did you find the dataset? Is it publicly available anywhere?

It's pronounced Cebu Pacific, not Ceebu Pacific. Sorry, I can't stand it when the city I'm in is pronounced wrong.

The auto-generated subtitles are completely messed up and unusable. Please, add actual subtitles to your videos - you probably read your script from the written form anyway.

Scoot does short-haul low-cost flying too, after TigerAir in Singapore was merged into it in 2017 (it's Australian & Taiwanese subsidiaries were sold to VA & China Airlines respectively IIRC, who continue to retain it's original branding). Also Scoot might be relatively more financially secure as it's under SIA, with it's financial backing, & their low-cost & full-service flights respectively are also more co-ordinated, reducing canibilisation of each other's markets for flight routes e.g. Scoot flies from SIN to numerous smaller cities not (or formerly) served by SIA e.g. Nanjing

Simply nailing the pronunciation of "Recife", I'm impressed! Hahaha

R^2 values are extraordinarily low to draw strong conclusions here my dudes

The distinct tomato minimally squeak because jute proximately chop alongside a delicate whorl. bawdy, slippery bail

Can’t even imagine how would it be to fly NY to Sidney with a fucking mask on...

Great Video

This person sounds like half n intersting channel person but with not humour

I wouldn't call westjet "low cost" given for all their routes I've flown they are exactly the same cost as air canada or even more expensive sometimes.

Cebu Pacific: does everything that they should not do Also Cebu Pacific: profit

So its more profitable to find your niche than to compete with the big boys

Calling R squares of 0.16 and 0.36 very significant is a bad analysis at best

I'm not entirely sure that creating demand is the only key factor for success in this case. Condor and TUI have a very strong connection to tourist platforms and agencies. People buy holiday packages with the flight included. This is proven by the fact that buying a flight tickets only, with TUI and Condor, is much more expensive than purchasing it within a package.

woah you sound just like half as interesting, like literally the same wtf

Tui has another thing that works in their "favour" the flights they operate are (mostly) part of a package deal they offer, since they also own a lot of the resorts/hotels at their destination. So they are just feeding their own destinations. Yes they also sell seperate tickets but most people fly them because they booked a package deal with them. They kinda create their own demand, and since they oparate all over europe its easy for them to switch/send aircraft to where demand is more needed. (All pre-covid offcourse) during covid they were offering a lot of flights to places where it was still allowed/safe to travel like the Canary islands, Aruba, Bonaire and Curaçao where they would be feeding their own destination. And they could easily adjust demand depening on the status of their destination (green,yellow or red)

Thanks for your awesome videos!!

9:48 omg that beautiful Prague!!

in 2020 ALL airlines go bankrupt.... ((((

Anybody know what is the equivalent of a low demand, low competition job in electrical engineering? Asking for a friend 👀

andrei lin

15 ditë më parë

Male escort👀

You did better RND than high paid CEOs in these companies!!!

Stat people in the comments: ???? all these correlations are hella weak.

West jet is not low cost or at least they’re trying to leave that market/reputation

and ill KEEP flying westjet because one time a westjet flight attendant complimented my totoro necklace

I appreciate your efforts put into the research and analysis. It's really great to see the aviation-related topic in the form of substantive video material that others can share and easily understand. However, your work is missing some crucial factors that answer why some airlines are successful, and some are not. Condor and TUI are in fact leisure and charter airlines, most of their seats were sold to tour operators, with TUI Airways (and subsidiaries) being a part of TUI Group, a tourist tycoon. Condor was owned by Thomas Cook, before its bankruptcy, then a new owner was sought, which was not found, the airline also had an affair with LOT Polish Airlines (in conjunction with the Polska Grupa Lotnicza), and 30% of the passengers were delivered by the Lufthansa Group, which was a feeder to Condor. It is not entirely appropriate to compare them with the other low-costs. It is a different business model. Eurowings was looking for its recipe for success, and the Germans did not really know what to do with it. The airline was successful on short-haul routes but unsuccessful on long-hauls. Before the COVID-19, Lufthansa Group was planning to launch new long-haul leisure, charter carrier, to replace Eurowings. Jetstar is a part of Qantas Group, while Scoot of Singapore Airlines Group, they are utilizing budget niche on their markets. Cebu and Azul are successful examples of low-cost airlines, but this is due to the markets they serve. Norwegian and Air Asia X sought success unsuccessfully, with the Norwegians effectively burning money on long-haul routes. WestJet was transitioning to a full-service carrier and launched its ULCC subsidiary - Swoop, flying only short and mid-haul. WOW Air failed, as Iceland market was not enough for two carriers, and they were not able to duplicate Icelandair's hybrid business model and strategy. So that is how it should be described, but you were right in the end. The clue is that the only scalable way for low-costs to succeed on long-hauls was to serve the tourist traffic, with charters and leisure routes, in cooperation with large tourist partners.

I think having WestJet on this list is not really correct. WestJet flys almost all its flights within Canada, which by nature makes their flights long but they are the only serious competition within Canada to Air Canada. WestJet uses the low-cost airline model but in this case in a very restricted market. WestJet will add and drop routes within Canada depending on demand, and they do this rather quickly. They will try a route for six months and then drop it, or make it only seasonal. WestJets international flights are almost in the winter months from Canada to warn holiday destinations. This has always been a very large charter market within Canada with low-cost flights. Because of the size of Canada and the linear nature of where the population lives, even with a population of only 37,000,000, the country has a lot of air travel across the nation. The restrictions against non Canadian airlines means the market here is well suited to an airline duoploy

norwegian is blessed honestly

RyanAir: Are you sure about that???

Great content. One small mention about TUI and Condor. The majority of their passengers buy those seats with a holiday package attached. TUI and Condor fly mostly as part of a holiday package and that's why they are the only company flying MUC-CUN(one exampe) direct in the middle of european winter. Even though they sell tickets to the mass market, most of the plane is full of holidaymakers going to a warm place in winter.

*mentions Cebu Pacific* Filipinos: Thou have summoned us!

English subtitle please, i dunno why the automated translate is only vietnamese

Just for reference, I’m watching this while taking a shit on a southwest flight. And I just heard the seatbelt light come on. Time for some shitty turbulence! Lol

More Give me more videos this isn't enough for me

Taishou hi

WestJet isn't low-cost anymore. They've got a full business class and economy premium layout on their new Boeing 787-9's and launched Swoop as a low-cost alternative. I'm surprised you didn't include Air Transat though

Azul (from Brazil) aren't a LOW COST, NO WAY

Who is here after the Reddit post in Bad Economics? 😂

Thats why AirAsia X is not that cheap

Qatar001

27 ditë më parë

@madscientist 666 nice

Nice video!

Jetstar isn't just a long-haul airline though, they pretty much are the EasyJet of Australia, and most people tend to fly with Jetstar if they want the cheap flights domestically.

Westjet certainly started out by doing all the right things, cherry-picking high-profit, low-competition routes in under-served markets. Now they still do a lot of that but more recently just compete directly with Air Canada and are no longer low-cost.

Emirates is essentially a long haul low cost airline and it's spectacularly successful

Joon wasn't a LCC, it was an AF subsidiary whose business model never really made sense and so it was pulled during a restructure

The decisive anthony july wriggle because unshielded paradoxically label between a uttermost pvc. temporary, equable saxophone

Why would I want to fly a cramped budget airline long haul with no legroom and no IFE when I can fly in comfort on a full service carrier? Maybe that could be behind why long haul budget airlines keep losing money.

Westjet is a short-haul, high quality airline that has recently added some long-haul high quality routes. It used to be Canadian Pacific which had long-haul flights and an excellent reputation for service. It sold its long-haul routes but still had a good reputation for service. It has recently started doing some long-haul routes again. I have never heard it called low cost. It doesn't belong in this video.

Cebu Pacific has always been reliable imo even when we still lived in the Philippines. It makes sense for us to travel from one island to another with Cebu Pacific (w/ the same # of hours) than travelling with Philippine Airlines. Also, Cebu Pacific always go on sale with their airplane tickets.

Thomas Cook wasn’t really Long Haul Low Cost, it was a holiday maker that sold package deals like TUI, and they went bust because of Retail side of the company. At the time Thomas Cook went bust, the airline arm was actually generating profit, not much something like £1m annually.

Westjet is definitely not a low cost airline, it's just Air Canada lite. Exact same ticket prices for most routes.

1:32 *He said the C word.* YT is going to be upset. 😏

As someone who really likes commercial aviation and economics, your videos are the bomb man.

'Why Wendover is obsessed with the Airline industry' next please

I'm just gonna buy a bunch of Cessna 172s, teach every passenger how to fly, then let them figure it out or buy Caravans and just airport hop and use Carriers

Is Tui a low cost long haul? They are a holiday provider and have flights both long and short haul

I wonder why those first 200 people count to signup Brilliant through wendover is not over yet?

I could be wrong, but I'm not entirely sure TUI should be considered a "low cost airline", I believe most of their business comes from TUI package holidays as opposed to 'flight only' patrons

Petition to make video on *German Autobahn.*

Have you done a video on the design of the North American power grid? That seems to have some interest right now.

👍

I think Azul was the only airline connecting Bariloche ( winter tourist town in Argentina) and Brazil non stop.

mhhh i passed statistics at uni almost with the minimum passing mark because i didnt understand regression models. I kinda regret it now, but it seemed very heavy and i focused in other aspects of the course.

Be careful with outliers: the # of hubs correlation is almost entirely generated by the single outlier with high leverage on the right (4:30). Removing this single data point as a robustness check , the R-squared drops to 0.006, signaling that the correlation is pretty much entirely dependent on this single outlier.

That's all okay, but where are the jokes damn it!!!!!!

Good jop

Thomas Cook Airlines was a charter airline subsidiary company of a tour operator. TUI is also a multinational Tour Operator with multiple charter airline subsidiary companies. They then sell flight only tickets on the flights that they are running anyway.

since when is WestJet low cost? canada has the most expensive cost to flight domestically

This is one of the best airline analysis I have seen

Why is 14.3% variance accounted for "statistically insignificant" but 14.8% VAF is significant?

Brilliant vid once again. Just a quick note: @1:11 Joon didn't go bankrupt but was rather discontinued, as part of Air France's new CEO's plans. It never made much sense anyway during its short existence. Joon basically was to AF what Edsel was to Ford: a useless and badly thought out brand. Talk about a marketing mistake.

I just had a DATAgasm

Wendover: *Mention Cebu Pacific* Pinoy Proud in 3 2 1

But LATAM is a Chilean-Brazilian airline

6:30 ... Have I been saying antithesis wrong?? 👀😬

9:52 the furries are taking over

and Westjet isn't a low-cost carrier. They have business class, lounges etc etc. Perhaps you'd be better off looking at Air Transat

Norwegian would be fairly profitable if it weren't for B787 engine and B737MAX issues

Those were some extremely weak correlations. And what about more complicated relationships? Sounds like an oversimplification to me

There are many kinds of regression. They all work well in each of their intended uses for stuff like this. Not really great for projecting temperature predictions decades in to the future at tenths and hundredths of a degree precision with only decades of past consistent data to work with. The "Goodfellas" dog painting would be a better model. One goes east, the other west.

Classifying West Jet as a "low-cost" airline is certainly stretching the definition to meaninglessness. (Although West Jet's promotional materials would have you believe otherwise)

yuoop noke

Muaj më parë

destinations... You can package holiday with them for cheaper than if you did it all yourself... When I flew to Cancun with them on holiday, over 3/4 of the passengers got straig

Hey you should make a video about the D.O.D.( US military) Chain of command, combatant commands, military regions where military personnel’s are stationed around the world and from the Commander and Chief at the White House and Executive officers at the pentagon to new trainee in basic that would be pretty satisfying!

How did Cebu Pacific made the cut for the long haul low cost? Low cost, sure, but I think most of their flights are domestic

Petition to change Wendover to Flyover Productions?