You'd be wrong. Airline bosses (Willie Walsh? Almost sure it was him) have said it literally costs less to have two 787 fly one after the other than a single A380. The fuel efficiency of twin engine planes compared to 3 or 4 older engines compensates for the lower capacity.
I think four engines still have a benefit there. But I guess you don't run a whole airplane model just because it's not economical on 2 or 3 routes.
ETOPS is time based, not distance based. The 777 has been approved by the FAA for ETOPS-330, which is 330 minutes of flight time to the nearest airport on one engine.
The 737 MAX is ETOPS-180, so it only has to be within 3 hours of a suitable airport when running on one engine.
https://flightaware.com/live/airport_status_bigmap.rvt?airpo...
https://en.wikipedia.org/wiki/ETOPS
That’s almost everywhere on the planet except the South Pacific and Antarctica.
Big Plane vs Little Plane (The Economics of Long-Haul Flights) https://www.youtube.com/watch?v=NlIdzF1_b5M
The number of airline passengers goes up every year except for a couple of years where there have been dips due to major world events.