One should be very wary of basing the diagnosis of bronchitis/emphysema, on a single pulmonary function test, showing "minor obstruction", especially in a young healthy non-smoking 24 year old, able to engage in intense physical exertion. It is possible to have emphysema/COPD without symptoms, especially in a sedentary individual, but almost never in a physically active one. There is a relatively rare condition, called alpha-1 antitrypsin deficiency that can lead to emphysema at a very early age, but the development of emphysema in the third decade of life almost always requires a history of smoking cigarettes.
What you have been told is of concern, but please do not be "freaked out" by this report. The first step is either to repeat the test in a reliable hospital pulmonary function lab or to see a pulmonologist and have him/her repeat the test. And, yes, extreme tiredness or less than maximum effort can affect the test results. Given your son's ability to engage in extreme physical activity, it is highly unlikely that he has emphysema or any other lung disease.