Story ID: 
NetJets Profitable So Far This Year
By: Chad Trautvetter
Caption: Revenues at Berkshire Hathaway’s NetJets fractional aircraft subsidiary  climbed 17 percent during the first nine months of this year versus a  year ago “d
Word Count: 116
Revenues at Berkshire Hathaway’s NetJets fractional aircraft subsidiary  climbed 17 percent during the first nine months of this year versus a  year ago “due to an increase in worldwide flight revenue hours and  increased fuel cost recoveries, partially offset by lower management  fees due to fewer aircraft in the NetJets program.” According to the  third-quarter financial report, NetJets logged pre-tax earnings of $158  million in the first nine months, compared with a pre-tax loss of $531  million a year ago, which included asset writedowns and downsizing costs  of $436 million, $181 million of which took place in the third quarter last year. NetJets said its operating cost structure has been reduced to better match customer demand.