David Neeleman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Yeah, they are.
And small as we are, we still burn 127 million gallons of jet fuel this year.
So a dollar increase in the jet fuel price is 120 million.
$2 where we are right now pretty much is $240 million a year.
And United, I think came out with an estimate that it could be $15 billion and they've only ever made 6 billion in their biggest year.
But for me, I just took it down to the smallest thing to our people today.
I said, look, at $2, we have to get for every hour we fly, we have to get 10 more bucks on every ticket.
For if it's a dollar, it's $5.
And so the long haul flights obviously get hit worse and you have to get more.
So you move kind of from longer haul to shorter haul.
You take all the fringe flights that are not making as much money and you say, is it better not to fly these?
And then you just button down the hatches, make sure you have enough capital.
We'll get through it, but we want to make sure we have enough runways we possibly can to make sure that we can come out of it stronger.
Well, first of all, I just found out I'm having my 39th grandchild.
My oldest grandchild is 18 years old.
So I've got a bunch of kids and grandkids in that age.
And I really applaud the work that you're doing.
It's just critically important.
Thank you.
Maybe you may want to convert it to a nonprofit and make it a nonprofit.