Airplanes don’t *descend that fast. An airplane’s gliding ability is measured by its glide ratio, which is a measure of how many feet it will move forward for each foot that it descends. An airplane with a 20:1 glide ratio will glide 20 miles for each mile of altitude it loses.
Large airliners typically cruise at altitudes between 30,000 and 40,000 ft. And surprisingly, most airliners have very good glide ratios, and 20:1 or better is not uncommon.
In comparison, a high-performance sailplane will have a glide ratio of perhaps 30:1 or 40:1. But there is one more factor, and that’s how fast the thing comes down. An airplane with a 20:1 glide ratio, gliding at 300 mph will come down at about 15 miles per hour, or 1300 fpm, meaning it will hit the ground from a normal cruise altitude in about 20-30 minutes. A high-performance sailplane will have maybe a 40:1 glide ratio, but at a glide speed of 70-80 mph or so. So it’s only coming down at the rate of maybe 150-200 fpm. So it can stay in the air for almost 10 times longer as a large jet can, and that’s important when you trying to win endurance contests or looking for thermals that will let you climb back up again. If a glider can ride a column of air rising faster than its descend rate, it can stay up indefinitely.
However, what matters when you lose your engines in a passenger jet is mainly how far you can get, and not how long it takes to get there. And jets are pretty good at this, because they are built aerodynamically clean, and they have long, high-aspect ratio wings for high altitude flight, which also helps them glide. The “Gimli Glider” which some other guys mentioned already glided something like 80 miles after it lost its engines. Coincidentally, the pilot happened to be an avid sailplane pilot, and his hobby served him well.
In comparison, your typical light Cessna will have a glide ratio somewhere around 12:1, albeit at a much slower 75 mph or so. My old Grumman AA1 had a glide ratio of about 9:1, at 90mph. It glided like a homesick brick.
The Lockheed U2 spy plane may have had a glide ratio as high as 35:1 or so, as I recall. And since it cruised up around 80,000 ft, the thing could glide over 500 miles if it lost its engines. But if it could manage to get a good tailwind in the jetstream or something, its glide ratio could double or triple.