Fractional Programs, Flight Hours Boost NetJets in 2025

Calling NetJets a “prized asset in a very tough industry,” parent company Berkshire Hathaway credited the fractional ownership provider for helping boost the revenues of its service group by 11% year over year in 2025 to $23 billion. Berkshire Hathaway’s service group also includes FlightSafety International and other non-related businesses, but NetJets is its largest business in that portfolio.

In its recently released annual report, Berkshire Hathaway noted that revenue from aviation services was up by 9.9%, reflecting a 6.9% increase in aircraft in shared ownership programs as well as an 11.3% boost in the in-flight hours across NetJets programs. In addition, higher average rates contributed to the increase, Berkshire Hathaway also reported.

The company also credited aviation services for helping increase the pretax earnings of the service group by 17.2% in 2025. Berkshire Hathaway noted that the increased revenues were partially offset by higher flight crew and instructor costs and higher maintenance, fuel, and depreciation expenses. In addition, it cited “increased government contract losses.”

In describing NetJets, Berkshire Hathaway said the fractional aircraft ownership provider “maintains a relentless focus on safety and exceptional service to reinforce its position as a premium offering. That foundation has enabled NetJets to attract many customers, and today it operates nearly 1,100 aircraft in over 150 countries around the world.”