Higher revenue from aviation operations boosted earnings for Berkshire Hathaway’s services business, which includes NetJets and FlightSafety International.
The services group reported a 6.6 percent increase in revenue, with earnings rising from $5.15 billion in the first quarter of 2024 to $5.49 billion in Q1 of 2025. Company officials attributed the climb in part to the aviation segment, where revenue rose by 10.4 percent as a result of growth in the firm’s shared aircraft ownership programs and an increase in flight hours across NetJets’ programs. The gains were partially offset by higher costs for flight crews, maintenance, and fuel, as well as depreciation.
Growth also came from subsidiary Integrated Project Services, which specializes in construction management.
NetJets provides a range of aviation services, including private jet leases and charters, security, acquisition services, and financing of whole and shared aircraft. It owns the largest private aircraft fleet in the world.
FlightSafety International provides instruction and training for aviation professionals, including pilots and maintenance workers.
Berkshire Hathaway’s services business also owns electronics distributor TTI, Dairy Queen restaurants, transportation equipment leasing firm XTRA, furniture company CORT, logistics operation Charter Brokerage, television station WPLG in Miami, and grocery and consumer products distributor McLane Company.
