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%)
NetJets donates a portion of purchases from its (RED) Marquis Jet Card to support prevention, treatment, counseling, HIV testing, and care services
NetJets has reached a donation total of over $2 million to the Global Fund, the recipient of all (RED) monies, according to an update on its website.
NetJets achieved a three-fold rise in new customers for the year as Berkshire Hathaway reports a 14.3% “aggregate” revenue drop for NetJets and Flight Safety year-to-date
While it’s hard to decipher NetJets‘ financial performance from Berkshire Hathaway’s quarterly reports and other filings, it appears the world’s largest private aviation provider is weathering this recession much better than the last one.