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To be fair, the cost of jet fuel has increased by more than 50% too, and won't be the dominant cost if they are only shipping 70 jets.
by chris_va 9y ago
To be fair, the cost of jet fuel has increased by more than 50% too, and won't be the dominant cost if they are only shipping 70 jets.
- Turing_Machine 9y agoBut the comparison is with the costs of the Concorde when it was shut down in 2003, not the costs of the Concorde in the 1960s.
- valuearb 9y agoAccording to US census bureau, per capital income in US has increased by 10x since late 60s. Jet fuel prices have increased around 6x, from around 30 cents to around $2. So wouldn’t that make jet fuel more affordable?
- joezydeco 9y agoDid you account for inflation? $1 in 1970 is worth $6.52 now.
- Godel_unicode 9y agoInflation, the general rate at which the price of goods and services is rising and falling, is literally the calculation made in the post to which you have replied.