The faster you go the more fuel you use and the more travel costs.
30 years ago the rich and powerful had to attend meetings in person and needed to have Breakfast in London and Lunch in New York, they could afford to pay a premium for Supersonic travel however now if a face to face meeting is absolutely necessary they can use the Internet or take a first class flight overnight with full sized beds. The industry of air travel has moved onto a more budget model, flying more passengers than ever before by driving prices down so more passengers can afford to fly.
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