Berkshire Hathaway: FlightSafety Up, NetJets down

Business Jet Traveler » April 2009
Wednesday, April 1, 2009 - 5:00am

Revenues at FlightSafety International increased last year, but declined at NetJets, according to Berkshire Hathaway, which owns both companies but does
not release earnings figures for these divisions. In the fourth quarter last year, NetJets "experienced a significant reduction in revenue as general economic conditions worsened," Berkshire Hathaway reported. "This resulted in lower customer usage and demand, which negatively affected operating margins."

Share this...

Add your comment:

By submitting a comment, you are allowing AIN Publications to edit and use your comment in all media.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
 

Quote/Unquote

“It is relatively easy to be thankful for the most important and obvious parts of life…but truly happy people find ways to give thanks for the little, insignificant trifles…the smell of fall in the air, the fragment of a song that reminds you of when you were a kid. ”

-Social scientist and musician Arthur C. Brooks