And people overestimate how much someone's willing to pay in exchange of time. Even if you save 4 hours of flight (which is only a portion of the equation), you'd have to value your free time at least at $50/hour to pay even just $200 more. Some will, most won't. Europe is dominated by low cost airlines so I don't see the market for their product.
>"Either we fail or we change the world,"
Well this isn't a selfie filter, if you fail you kill lots of people.