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Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

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Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"

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CBS NewsMay 3
Kevin Hassett: Energy shocks will "affect profits for the airlines for the next quarter or so"
White House National Economic Council Director Kevin Hassett told "Face the Nation with Margaret Brennan" that although Spirit Airlines said rising fuel prices had contributed to its demise, "energy shocks don't have a big effect" on other airlines' business. But he acknowledged that "certainly, that will affect the profits for the airlines for a quarter or so."