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 updates COVID-19 Coronavirus impact on operations

NetJets

The world’s largest private jet operator has released a summary of both precautions it is taking as well as current travel restrictions

As more and more airlines cut back on their flight schedules due to government restrictions and plummeting demand, NetJets and other private aviation providers continue to offer critical links in these challenging times.

In an update posted yesterday on its website, the world’s largest private jet operator wrote, “The COVID-19 pandemic has created a constantly changing landscape at NetJets. We will continue to issue operational updates as they become available, but we wanted to take a moment to provide reassurance that we are taking all necessary precautions to mitigate the spread of the virus and continue to keep our owners and our employees safe.”

NetJets highlights Vintner Circle Program

NetJets lifestyle partners

The largest private jet operator in the world continues its focus on lifestyle programs for its fractional share and jet card customers

Wine and private jets might not be quite like peanut butter and jelly, but they do seem to go together.

In the news section of its website, NetJets is highlighting its Vintner Circle Program.

NetJets sees fractional ownership as privacy option in face of ADS-B mandate

Warren Buffett is weighing in on how NetJets can help private jet owners maintain privacy for important missions

In a recent posting on its online newsletter, NetJets is highlighting that private jet owners who need privacy can use fractional ownership, leases and jet cards for supplemental lift when they need to maintain secrecy for their missions.

 “I should point out that anybody out there who wants to do business with us, that if they take a [NetJets] plane nobody will be able to track them. … And if you use a company plane, it’s a big way of running a billboard that I’m in town for something,” said Warren Buffett, Chairman and Chief Executive, Berkshire Hathaway, parent of NetJets.

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