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I think 9/11 was coincidental and unrelated. The important trend in 2001+ was the growth of telecommunications phenomena that reduced travel demand. I am not su
by frozenport 14y ago
I think 9/11 was coincidental and unrelated. The important trend in 2001+ was the growth of telecommunications phenomena that reduced travel demand. I am not sure if the sonic boom was nearly as big a problem as it was made out to be. I think we can do some cursory math.
If 30% was at 50% of the speed, the total distance covered would be 85% less, adding about 20% flight time increase. Something that normally takes 8+ hours now take 3 or 4 hours. Did this kill the concord?
- justincormack 14y agoIt was very reliant on dotcom and banking transit between London and NY. The sitcom bust killed a lot of that.
- geori 14y agoAirline stocks went down almost 40% the next day. Yes, the economy went down because of other factors, but the immediate hit to airlines was definitely caused by 9/11.