Charter & Fractional
1Q Revenues Down, Profits Up at NetJets
Decline in NetJets’ fuel surcharge income was substantially offset by lower fuel expense, resulting in a minimal impact on profits.

First-quarter revenues at NetJets fell 3.5 percent in the first quarter from a year ago, though profits rose by an undisclosed amount, according to results released on Saturday by parent company Berkshire Hathaway. Berkshire’s service and retailing segment, which also includes FlightSafety International and other-non-aviation businesses, saw revenues climb 35 percent year-over-year, to $4.5 billion.