Earnings

Higher revenue from aviation operations boosted earnings for Berkshire Hathaway.

The company is now ramping up to for-credit FAA testing and expects to produce 12 aircraft this year, among other projections.

The Brazilian aerospace company said commercial and executive jet businesses have performed especially well.

Blade saw revenue growth in nearly all segments of its business, but those gains were balanced out by widening net losses.

The bridge investment comes in as the Part 135 operator postpones its earnings call.

Part 135 fractional operator Wheels Up is apparently seeking new sources of funding to parlay a worsening cash situation.

The company’s net loss skyrocketed, but its strong cash position and continued certification progress keep it on track for a 2025 launch.

Firm is continuing to progress toward profitability and eVTOL flights.

The eVTOL manufacturer says 2023 will be a transition from planning to delivering aircraft.

Company says outlook is improving with production levels expected to rise.