Writer

Amy Wilder

FlightSafety International is an aviation training provider with global reach. They offer comprehensive programs for pilots, maintenance technicians, cabin crew, and dispatchers. Their state-of-the-art training centers and experienced instructors ensure top-notch training, adhering to strict standards, and promoting safety and proficiency in the industry.

Berkshire Hathaway on Saturday reported that revenue from its services group—which includes NetJets and FlightSafety International—rose 6.6% year over year in the <a href="https://www.berkshirehathaway.com/qtrly/1stqtr25.pdf">first quarter</a> to $5.493 billion. This was driven in large part by a 10.4% increase in aviation services revenue.
The company attributed the growth to a higher number of aircraft in NetJets’ shared ownership programs and increased flight hours across its various offerings. Higher average rates across the board also contributed to the top-line performance. Pre-tax earnings for the services group rose 9.6% to $648 million, with aviation services among the primary contributors.
“The earnings increase from aviation services was primarily attributable to increased revenues, partially offset by higher flight crew, maintenance, fuel costs, and depreciation expense,” the company said in its latest financial report. Margins in the services segment improved modestly, with pre-tax earnings rising to 11.8% of revenues.
In addition to NetJets and FlightSafety, the services group includes electronic components distributor TTI, food service franchise Dairy Queen, and several logistics and leasing operations. While other businesses contributed to gains, aviation services were cited as the leading factor in both revenue and earnings growth for the service group.
Separately, <a href="https://www.berkshirehathaway.com/news/may0525.pdf">Berkshire announced that Warren Buffett will step down</a>&nbsp;as CEO. Greg Abel, the company’s vice chairman for non-insurance operations, will succeed Buffett on Jan. 1, 2026. Buffett will remain chairman of the board.

News and issues concerning the aviation charter and fractional-ownership industries and markets, including company announcements, regulations, new developments and labor issues.

NetJets and FlightSafety Spur Growth in at Berkshire's Services Division

Costs weigh on otherwise strong quarter

Berkshire Hathaway’s services segment saw Q1 aviation revenue rise 10.4% YOY, with NetJets and FlightSafety contributing to earnings gains amid rising costs.

NetJets, FlightSafety Revenue Grows 10.4% in 1Q

2024 Corporate Aviation Leadership Summit

Charles Alcock

News and developments about airplanes, helicopters and unmanned air vehicles used in all varieties of operations, including airlines, military, business, commercial, general aviation and private.

Issues regarding financing of aircraft; aviation insurance; tax issues for aircraft operators; new companies and people in the aviation financing and insurance industries.

News and issues relating to business, corporate and private aviation, primarily regarding turbine-engine-powered airplanes and helicopters. Subjects include aircraft, engines, maintenance, operations, personnel, acquisitions, accidents, safety, security, and training.

Private flight provider plans $50 million in further cost cutting 

Wheels Up Losses Reduced with Slight Q2 Revenue Dip

News and issues regarding all manner of civil and military rotorcraft and their powerplants, including helicopters, tilt rotors and unmanned air vehicles.

Medical flight revenues are growing faster than passenger operations 

Sale of Blade’s Pax Ops Set To Boost Medical Division

eVTOL aircraft developer acquires infrastructure and customer base

Joby Buys Blade Passenger Operation for eVTOL Air-taxi Service

Sarah Rose

News and issues concerning general aviation, specifically airplanes and helicopters powered by piston and alternative engines (i.e., non-turbine powered aircraft). Subjects include aircraft, engines, personnel, acquisitions, accidents, safety, security and training.

In this article

NetJets

FlightSafety International

More In Charter & Fractional

Wheels Up Losses Reduced with Slight Q2 Revenue Dip

Private flight provider plans $50 million in further cost cutting

Sale of Blade’s Pax Ops Set To Boost Medical Division

Medical flight revenues are growing faster than passenger operations

Joby Buys Blade Passenger Operation for eVTOL Air-taxi Service

eVTOL aircraft developer acquires infrastructure and customer base

Private Flight Launches Catering Tool for Cabin Crew

New platform streamlines in-flight catering for freelance attendants

KlasJet Expands Charter Services into Asia

Company to base an aircraft in Singapore and open a regional office

Elevate Jet Cleared To Operate VIP Airliners

DOT certifies company for large aircraft commercial operations

Charter and Go Adds Satellite Flight Tracking

Partnership leverages Spire’s LEMUR satellite constellation to deliver real-time ADS-B tracking data

Flexjet Raises $800M in Equity Round for Growth

L Catterton, KSL, and J. Safra join existing shareholders

AIN Products

SUBSCRIPTIONS

RESOURCES

ABOUT AIN