Modern engines are ridiculously reliable and ridiculously powerful. That means they don’t fail frequently. And when they do, one is enough to limp to safety [1].
[1] https://simpleflying.com/united-airlines-boeing-757-engine-l...
Human preferences ultimately shape these marketplaces, but humans are fundamentally terrible at evaluating risk, especially for extremely negative but highly unlikely outcomes (see also: terrorist attacks, home invasions, etc).
If the second one fails, you still have at least 75 miles [1]. (More engines would have actually hurt in that situation.)
ETOPS 180 means 180 minutes from a diversion airport. At 737 speeds that could be 1,300 miles.
I don’t think two modern engines have ever failed in a way that wouldn’t have taken out four, e.g. the Air Transat flight, where again, having more dead engines’ weight and drag would have reduced glide distance.
https://www.businesstraveller.com/forums/topic/ek-a380-flies...
Not exactly according to the rules but still.
Light twin piston airplanes, likwise double the odds of engine failure, but due to the dramatic loss of excess thrust, the good engine actually becomes the problem, e.g. Vmc limitation.
The assymetric thrust force can exceed control surface force needed for controlled flight. The solution is never go below Vmc airspeed, but if you do it requires immediate power reduction. And that has consequences that often inhibits committing to the proper action prior to loss of control. In most cases power reduction commits the pilot to landing sooner than preferred, and in a likely suboptimal location.
For the morbidly curious, this occurred on Delta Flight 1288:
https://admiralcloudberg.medium.com/written-in-metal-the-sto...
If one engine fails, you have another. If the second fails, you glide.
Since 1953, there have been less than 50 airline flights that have required gliding:
* https://en.wikipedia.org/wiki/List_of_airline_flights_that_r...
Per the usual trope-y statistic: if you want a safe trip for your vacation, don't drive to the airport (which would be the riskiest leg of the journey).
Introducing Boeing’s latest innovation… ESOPS!