Finance, Taxes, Insurance
NetJets, FlightSafety Intl Revenues Climb 9.6% in Q2
Gains came from more aircraft in shared aircraft ownership programs and in-flight hours across NetJets
Phenom 300 (Photo: NetJets)
The Embraer Phenom 300 is the sole light jet in the NetJets fleet.

Aviation services drove Berkshire Hathaway’s service group revenues up $466 million (8.9%) in the second quarter and $808 million (7.8%) in the first six months versus the same period last year. The services division includes fractional-share and charter operator NetJets and aviation training provider FlightSafety International.

Breaking out the aviation revenues, the company reported 9.6% growth year-to-date. This was attributable to “increases in the number of aircraft in shared aircraft ownership programs and in-flight hours across NetJets’ various programs and higher average rates.” This was “partially offset by higher flight crew costs and higher maintenance, fuel, and depreciation expenses,” the company reported.