The Service group, which includes NetJets, saw pre-tax earnings increase $150 million to $1.7 billion, a 20.6% rise in the second quarter.
Berkshire Hathaway, the parent of NetJets and Executive Jet Management, reported gains in both revenue and earnings in the second quarter.
Year-over-year revenues increased to 10% to $101.8 billion.
Second-quarter 2026 operating earnings increased 16% year over year to $12.98 billion.
Cash holdings dropped from the first quarter to $365.5 billion, down from $380 billion.
Berkshire Hathaway doesn’t break out NetJets’ financials.
Its financials, including those of Executive Jet Management and Flight Safety, are in the Service group.
TTI, a distributor of electronic components; Dairy Queen; XTR; Business Wire; and a Miami television station are among the other companies in the group.
Second quarter revenues for the Service group were $6.9 billion.
Service group revenues increased $1.2 billion, a 21.1% gain in the second quarter.
During the first six months, the group of companies saw revenues increase by $2.1 billion to $13.3 billion, a 19.1% increase compared to 2025.
Aviation-related revenues increased by 15.5% in the conglomerate’s financials.
“The revenue increase from aviation services was primarily due to increases in the number of aircraft in shared ownership programs, in-flight hours flown, training hours, and average prices,” per the filing.
Service group pre-tax earnings increased $150 million to $1.7 billion, a 20.6% rise in the second quarter.
For the first half of 2026, revenues were up $287 million to $2.9 billion, a 20.8% increase.
Berkshire Hathaway said, “The earnings increases from aviation services were primarily attributable to increased revenues, partially offset by higher flight crew and instructor costs and higher maintenance, fuel, subcontract, and other variable costs”
The results come on the heels of NetJets restricting sales of jet cards and leases for the second time in five years.
However, this time the world’s largest private jet operator says existing jet card customers will be able to renew after they use their hours.
NetJets had 872 private jets in its fleet at the start of this month, not including EJM’s managed fleet.
Last year, NetJets Chairman and CEO Adam Johnson was given responsibilities for an additional 30-something companies at the company made famous by Warren Buffett.
He was also a featured speaker on the dais at Berkshire Hathaway’s annual meeting in Omaha, Nebraska, in May.
Also in May, Berkshire Hathaway revealed it had taken a $2.6 billion stake in Delta Air Lines, which in turn owns 36% of NetJets rival Wheels Up.
Berkshire Hathaway had a market cap of $1.12 trillion at the close of trading on Friday.
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