In the corporate world, we often value time more than money. And hence, most companies would make their top executives fly rather than take a train/car to their out-station destinations.When I was in Deloitte, I took my first flight at the age of 25, for official purposes. Typical middle-class family celebration moments
And yes, once you cross a particular salary threshold, even for personal trips, you take a flight
But in the aftermath of the recent Boeing 737 crashes, you read headlines like – Ethiopian Airlines: ‘No survivors’ on crashed Boeing 737
You might be getting sweaty palms and wondering whether its safer to go slow and take a train/car instead
So better to ask your top executives to take the slower route and reaching the destination later than never
However, counter-intuitive as it may sound, flying is actually the safest way to travel, statistically speaking.
According to a study, for every 1 billion passenger miles traveled by car, 7.2 people die; by plane, it’s 0.07 people.
Deaths per Billion passenger miles traveled:
a) Airline Travel 0.07
b) Rail 0.43
c) Automobile 7.2
In 2012, New York Times cited Arnold Barnett, a professor of statistics at MIT stated that between 2008 and 2012, the odds of dying in a plane crash for passengers in the U.S. were one in 45 million flights. So you could fly every single day for an average of 123,000 years before dying in a plane accident.
When planes crash, mostly, everyone on board dies.
So its a Low Frequency – High Impact Risk
Maybe its a question of Perceived Risk Vs Inherent Risk
What do you think?