Nariman Behravesh Airlines Quotations

These high energy prices are beginning to spill over into the rest of the economy. Finally, airlines are able to raise ticket prices and hotels are able to raise room rates and on and on.

The higher energy costs will put a squeeze on both businesses and households. They're spending so much on energy - the households on gasoline, the airlines on jet fuel, for example - that they'll have to curtail elsewhere.

This is an economy where airlines are paying record prices for jet fuel, and yet it is very hard to pass through those costs.