Charter & Fractional
NetJets Soars in 2011, Eyes China for Further Growth
According to parent company Berkshire Hathaway, NetJets earned $227 million in pre-tax earnings last year, a $20 million year-over-year increase, despite revenue hours being flat from 2010.
According to parent company Berkshire Hathaway, NetJets earned $227 million in pre-tax earnings last year, a $20 million year-over-year increase, despite revenue hours being flat from 2010.

“A few years ago NetJets was my number-one worry–its costs were far out of line with revenues, and cash was hemorrhaging,” Warren Buffett, chairman of NetJets and FlightSafety International parent company Berkshire Hathaway, wrote in his latest annual letter to shareholders, released on Saturday. “These problems are now behind us,” with NetJets delivering $227 million in pre-tax earnings last year, up $20 million from 2010.