Charter & Fractional
Higher Share Sales Drive 19% Revenue Jump at NetJets
Also driven by an increase in services revenues attributable to increases in pass-through costs and a 2 percent increase in flight hours.

First-quarter revenues at fractional provider NetJets soared 19 percent, thanks to more aircraft share sales and, “to a lesser degree,” an increase in services revenues attributable to gains in pass-through costs and a 2 percent uptick in flight hours, parent company Berkshire Hathaway said this week. Revenues at Berkshire’s services division—which includes NetJets and FlightSafety International, among several other non-aviation companies such as Dairy Queen—increased $256 million from a year ago, or 11 percent, to $2.617 billion, during the quarter.