Charter & Fractional
NetJets Revenues Climb, but Earnings Stumble in Q2
NetJets results were buoyed by a 62-percent increase in aircraft sales but tempered by aircraft cancellation fees.

A 62-percent increase in aircraft sales helped NetJets revenues overall climb 16 percent in the second quarter and 6 percent in the first half, parent company Berkshire Hathaway reported. But those returns were tempered by lower flight operations revenues that came from lower fuel cost recoveries and unfavorable foreign currency effects, the company said. That, coupled with other general/administrative expenses such as aircraft cancellation fees, led to a 17-percent decline in earnings in the second quarter. NetJets earnings, however, are still up 14 percent for the first half, Berkshire Hathaway said.


Loading…