And What Would Happen If Commercial Aviation Was Simply Impossible To Do Profitably?
from the the-impact-could-be-far-reaching dept
It's not just the obvious industries: airlines, tourism, etc. It would impact things like e-commerce companies that rely on cheap shipping. It would impact conferences. It could impact all sorts of industries when sales people can't as easily go visit customers. The more you think about it, the more industries you can find hurt by a decline in the availability of cheap air travel. Of course, there are other industries that would benefit as well, such as telecom companies and video conferencing firms.
Still, the optimist in me just sees the scenario as an opportunity for innovation. In fact, all of those other industries that would be hurt by a reduction in air travel would have it in their own best interests to help fund research and development into alternatives and improvements, so the funding for such innovation could come from many, many different places. But if it takes a while to figure out the problem -- and the airlines keep screwing things up themselves, there may be a rather unpleasant interim while everything shakes out.