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396955 01: (UK OUT) A British Airways Concorde takes off from Heathrow airport in London November 7 2001, carrying passengers for the first time since one of the Concorde fleet crashed in Paris last year. (Photo by David Parker/BWP Media/Getty Images)

Concorde

When Concorde was suffering during the 1980s, its owners discovered that the passengers significantly overestimated the ticket price. “So very simply, we said, we’ll charge them what they think they are paying. And so we put the fares up”. Concorde ticket prices were doubled to over $7,000, one way, in today’s prices and it was repositioned to provide a super-elite class for bankers, the rich, and the famous.

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