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 new jet cards for the frequent flyer

NetJets cost

The world’s largest private jet operator is adding a new twist to its Marquis Jet Card lineup combining elements of its Classic and Elite jet card products

It looks like NetJets has made another change to its jet card line-up. The latest is a new 100-hour jet card. Previously, its offerings were based on buying units of 25 or 50 hours.

The 2-Year 100-Hour Card is a mix of pricing and policies from its Elite and Classic offerings. NetJets brands its card program under the Marquis Jet label.

NetJets reboots Europe; plans to add 60 private jets

NetJets

The largest private jet operator in the world is taking a bullish approach towards the demand for private jet travel in a COVID-19 world

After taking a cautious approach at the beginning of the current COVID-19 pandemic, NetJets has turned into a bull.

In an email to customers today, NetJets president Patrick Gallagher wrote, “Private aviation fared much better and has rebounded faster, though it is not yet back to pre-pandemic levels.”

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