NetJets’ earnings fall on a 27% decline in flight hours

NetJets

Berkshire Hathaway’s Service group, which houses NetJets and Flight Safety, saw revenues drop by $1.15 billion (8.5%) in 2020 compared to 2019. Pre-tax earnings decreased $81 million (4.8%)

The world’s largest private jet operator, NetJets, Inc., saw a drop in flight hours and pre-tax earnings, according to Berkshire Hathaway’s 2020 annual report, released today.

NetJets adds the Citation Latitude, Challenger 350 and 650 to jet card line-up

NetJets cost

The new private jets replace previous offerings for the Falcon 2000 and Citation X

Last month we reported NetJets restructured its jet card program eliminating fuel surcharges and cutting prices.

It also added jet cards with the Cessna Citation Latitude and Bombardier’s Challenger 350 and 650 in its Classic Card (nee Marquis Jet) and Elite Card formats.

NetJets recaps 2019; Takes delivery of nearly 70 private jets

NetJets

NetJets says its “Likelihood to Recommend” score is at a record high

In a year-end message, NetJets recapped a number of accomplishments.

Among the most notable, the Berkshire Hathaway-owned private jet operator too delivery of its 100th Citation Latitude and 100th Challenger. It also marks its key role in supporting manufacturers and creating quality jobs.

This month brings its first Citation Longitude, and a year with nearly 70 deliveries of new aircraft.

Earlier this year, it also launched jets cards for the Phenom 300 and Citation Sovereign.

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