But supersonic transport could win for long-haul flights over ocean. Depending on the direction, SFO-TPE takes 11-14 hours. Going at mach 3 would cut that down to 4 or 5 hours. Airlines could charge significantly more for such speed. Faster trips also mean that each plane can make more trips per day. For a trans-pacific route, a 777 takes over 24 hours to go back-and-forth once. 300 passengers go west, 300 passengers go east. A mach 3 transport, even if it had half the capacity, could ferry more people in the same time period. If fuel costs were low enough (unlikely, I know), the supersonic craft could actually be more profitable than the 777.
Concorde had a range of 3900nmi (7200km/4500mi), a 777-200LR has a range of 8500nmi, an A340-500 HGW has a range of 9000nmi
In theory Concorde could perform a one-stop Sydney to LA service (stopping at Cassidy International, Kiribati), supersonic the whole way.
If say the US had come up with something else than just a wooden supersonic airliner (Boeing 2707), I guess swallowing the supersonic pill would have been easier.
Plus realistically, it's not like military planes are not allowed to fly supersonic over their own countries. Really, solutions, routes, compromises could have been found, it's just no one had the guts to.
When British Airways retired one of its Concorde to Seattle, it flew from New York / JFK to Seattle, it flew supersonic over Canada. Flight time: 3 hours and 55 minutes. Regular flight time is more like 5h30. Supersonic all the way would have been even quicker...
As to your question, it rather depends on the cost, doesn't it?
To start with, it saved about 4 hours on the Paris/NYC connection, not "an hour or two." If it were only $400 more to save 4 hours of overseas travel, then many would jump at it, and find it a real advantage.
The only technical reason (technical not economical) Concorde doesn't fly anymore is because the type certificate, aka the airworthiness of the aircraft, was surrendered by Airbus, hence grounding all the fleet and making it unlawful to fly it.
So to fly it, they would need that to be reinstated.
For the Avro Vulcan, they went through a different aerospace company for that.
I'd love to be wrong, but I doubt Airbus would let anyone fly one of its Concorde...
That does not require manufacturer support, it's similar to US Experimental classification. But it would not permit carriage of passengers.
Concorde wasn't $400 more than an equivalent flight. It was >$11,000 more than a similar comfort premium economy class seat, and that's after the British government had underwritten the losses from the design program (around $2000 per passenger per flight in today's money)
FWIW, the full economics must note that people with a lot of money are more likely to hop on a business jet and get point to point service. When Concorde was designed, business jets that could fly non-stop between US and Europe had just barely entered the market. (The Gulfstream GII, May 4, 1968 vs. first demonstration flight of the Concorde 2 March 1969.)
Concorde crossed the atlantic (JFK to Heathrow) in ~3h15 (flying time, excluding ACT delay and the like), a standard subsonic flight takes ~7h.
Honestly though I think shaving off an hour or two is worth quite a lot. There are many people who have conditions, like claustrophobia, people with knee and back issues or hell just regular people get uncomfortable when you're flying for hours and hours. My last two flights were both almost 6 hours each way and I was incredibly sore and ready to get off. It's anecdotal, sure, but I don't know a person who doesn't feel the same way.
Anything that improves the quality of life is good and when these types of planes are more ubiquitous the prices will drop and they will become normal. See Concorde Mark 2 http://www.telegraph.co.uk/finance/newsbysector/industry/eng...
The moment you need connecting flights is when you start racking up the extra time rapidly.