Charter & Fractional
NetJets' Profits Take Hit with Aircraft Cancellations
NetJets earnings are down on the year, but aircraft sales are up as it cancels older orders and realigns fleet with new models.

While its aircraft share sales have increased this year, NetJets' earnings suffered in the third quarter as the company continued to streamline its fleet with the cancellations of some older orders and the realignment with new models. In the quarter, NetJets reported a 37-percent drop in earnings from “increased nonfuel flight operation costs and increased general and administrative expenses, including fees to cancel certain aircraft purchases,” parent company Berkshire Hathaway reported.


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