Thread: Concorde Blues
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  #13  
Old 07-19-2016, 04:28 PM
kunilou kunilou is online now
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Join Date: Apr 1999
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9/11 was a final nail in the coffin -- literally, in some cases.

Quote:
The real explanation lies in the radical changes that airlines have undergone since Concorde's profitable heyday in the 1990s. Increased competition and the stunning success of no-frills operators have driven fares downward. Carriers failing to cut costs have died.

Corporate customers have enjoyed this trend as much as individuals, slashing travel budgets as the world economy has languished. The 15-month grounding of Concorde gave its staple market - the big banks and law firms of the City and Wall Street - a chance to become accustomed to life at normal speed just as the belt-tightening proceeded. September 11 cut demand even more. Indeed, 40 of its frequent flyers were actually killed in the attack.
Emphaisis added.