Finance, Taxes, Insurance
NetJets Logs More Growth in 2024 as Revenues Climb 9.1%
Pre-tax earnings percentages fall amid higher service costs, lower sales
Netjets Gulfstream G550
Large-cabin fractional operations saw the biggest jump in January, up 18.2% year over year in North America, while large-cabin operations were also up the most overall in Europe (by 6.4%)

Berkshire Hathaway’s services division, which includes NetJets and FlightSafety International, reported that revenues increased by half a percentage point in the fourth quarter to $20.7 billion. The services group also includes electronic components distributor TTI, Dairy Queen, and logistics company XTRA.

Aviation services revenue shined in the group, increasing 9.1% year over year (YOY) in 2024, according to the company's just-released financial report. This gain was attributed to an increased number of aircraft in NetJets' shared ownership programs versus 2023, as well as an increase in flight hours.