Aviation services drove Berkshire Hathaway’s service group revenues up $466 million (8.9%) in the second quarter and $808 million (7.8%) in the first six months versus the same period last year. The services division includes fractional-share and charter operator NetJets and aviation training provider FlightSafety International.
Breaking out the aviation revenues, the company reported 9.6% growth year-to-date. This was attributable to “increases in the number of aircraft in shared aircraft ownership programs and in-flight hours across NetJets’ various programs and higher average rates.” This was “partially offset by higher flight crew costs and higher maintenance, fuel, and depreciation expenses,” the company reported.
“Service group pre-tax earnings increased $96 million (up 15.2%) in the second quarter and $153 million (up 12.5%) in the first six months of 2025 compared with 2024, primarily attributable to increases from aviation services, TTI, the leasing businesses, and Charter Brokerage.” TTI is an electronic components distributor, while Charter Brokerage provides logistics services for the petroleum and chemical industries.