According to this: https://www.youtube.com/watch?v=BzB5xtGGsTc First/business class seats are where the airlines make all of their money, so Concord would be economically viable today.
While I'm sure most profits/margin come from first/business class, I think that's only viable because the large number of economic class passengers help marginalize the cost per passenger. To give a concrete example, suppose the airline is flying 20 business seats per flight. The cost of those seats to the airline if it had no economy class, and it were forced to allocate an entire plane for them would be immense -- marginal the cost per seat would be (illustration) ~Airplane_Cost/20+Accomodation_Cost. Now suppose a current airline will carry perhaps 200 economy class passengers where it makes 0 profit. The marginal cost of the business class seats to the airline now will be much lower, something like ~Airplane Cost/(200+20)+Accomodation_Cost.
So the airline don't need economy class to make profit, they need them to create economies of scale that bring down their cost for the high margin customers.
I have been on a 747 that was business class only (Singapore Airlines). But the economy class passengers are definitely required for scale on most flights.
If true, concord alone would be viable, but a combination of concord and regular planes on the same route would lead to all the business passengers taking concord, and the economy ones left in standard planes, which would no longer be viable.
In that case you could raise the price of Concorde tickets to push surplus business customers back to regular planes. But this raises the question, why would you even want to bother with Concorde in the first place?
It only makes sense if you could attract new business class customers, who would take the faster trip but wouldn't take the slower one at all.
darkmighty|7 years ago
So the airline don't need economy class to make profit, they need them to create economies of scale that bring down their cost for the high margin customers.
ggg9990|7 years ago
londons_explore|7 years ago
TeMPOraL|7 years ago
It only makes sense if you could attract new business class customers, who would take the faster trip but wouldn't take the slower one at all.
jonknee|7 years ago
adolph|7 years ago
Fomite|7 years ago
zone411|7 years ago
samstave|7 years ago
komali2|7 years ago