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> propped up by governments for 27 years Research revealed that passengers thought that the fare was higher than it actually was, so the airline raised ticket
by mpweiher 6y ago
> propped up by governments for 27 years
Research revealed that passengers thought that the fare was higher than it actually was, so the airline raised ticket prices to match these perceptions.[70][191] It is reported that British Airways then ran Concorde at a profit
https://en.wikipedia.org/wiki/Concorde#Operating_economics https://en.wikipedia.org/wiki/Concorde#Operating_economics
- mannykannot 6y agoTrue, but given the vast write-off of development costs, this falls short of an argument for the economic viability of the B model project, which is the issue here.
- jacobreg 6y agoI think its reasonable to write off development costs, given that it was the first of its kind. This is why we have government funded research: to create technologies that would be too risky for any private company to pursue. The question shouldn't be "is it profitable to create the first one?", its "once we've solved the hard problems, can the industry be profitable?".
- mannykannot 6y ago> The question shouldn't be "is it profitable to create the first one?", its "once we've solved the hard problems, can the industry be profitable?". Given that the original project ran into delays and overages throughout, it strains credibility to propose that, starting with the 'B', all the hard problems would be in the past, and that performance would henceforward live up to the promises.