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That's not the only factor. There's a reason we don't have supersonic passenger planes (anymore), for example: building and maintaining them is too expensive, an expense their advantages cannot justify, no matter how many of them we build. If these costs were significantly reduced, we would have supersonic passenger planes.
In comparison to other planes, thats the important difference. Today, the oil price is getting slowly back to the prime time of SSTs - but other planes still do the job better (despite the Concord being not that much a lossy product... just the combination of age with poor profitability made them deprecated)
You can't talk about markets by looking at a single product - without the alternatives, we would be loving nuclear power.