“What we need to do is always lean into the future. When the world changes around you and when it changes against you—what used to be a tail wind is now a head wind—you have to lean into that and figure out what to do because complaining isn’t a strategy. ”
NetJets, FlightSafety Flying High
Third-quarter pretax earnings at Berkshire Hathaway’s “other services” division, which includes FlightSafety International and NetJets, climbed 15 percent from the same quarter last year, to $281 million. The increase reflects stronger demand for pilot training at FlightSafety and, at Netjets, higher revenues, more favorable foreign currency exchange rates and slightly better operating margins. Berkshire noted that FlightSafety’s earnings rose primarily because of increased training demand in the business aviation and regional airline markets.