Fractional owners come in many flavors. Among them you will certainly find:
1. The uber-wealthy who "don't care if Jet A is $2 or $7 a gallon". They will continue to go to Cabo and Aspen and Boca, and take the nanny.
2. The rather wealthy who will notice the price of Jet A. They will continue to pay their monthly management fee, and use their hours when it is appropriate for their personal or business life. They will probably fly less, but stay with the program.
3. The pseudo-wealthy, who overextend financially to buy a share or even a 25 hour card - and then act as if they own the entire FLEET when they invite their friends aboard. They will not be able to renew their card, might have to back out of their share contract, and will have to go back to flying the 757 to West Palm Beach to get to the condo for which they dramatically overpaid.
If you know the percentages who fall into each category, your crystal ball is better than mine. In the meantime, I will continue to greet and treat each passenger as if they fall into the first category - and hope they really do!