High energy prices weigh on consumer demand, Adam Johnson says
Speakers
Summary
Adam Johnson, CEO of NetJets, comments on the impact of rising energy prices on consumer demand. He notes that retail and consumer product businesses are being affected, while NetJets has not yet seen demand decline but warns that sustained jet fuel prices above $7.25 per gallon could change that.
- Energy price spikes are affecting retail and consumer product demand.
- NetJets has faced high fuel prices before and is prepared to adjust.
- Jet fuel prices have risen from about $5/gal to spikes near $7/gal.
- If jet fuel stays above $7.25-$7.50/gal, it would impact even high-end NetJets demand.
