Why Don't They Have Parachutes For Passengers In Commercial Planes?

Commercial airplanes don't give parachutes to passengers. While airplanes have plenty of safety features that help in landing them safely during emergencies, having parachutes onboard for every passenger doesn't seem like a bad idea, does it? Although it may not seem so, but there are several good reasons why they don't hand out parachutes to passengers as they board a commercial airplane. Firstly, a commercial plane flies way too high. At that altitude, any skydive would be riddled with countless risks. The temperature at that height is many degrees below the freezing point. Furthermore, the oxygen levels are so low that any skydiver would need a good enough portable oxygen supply. There are many important reasons, all of which are discussed in this video.