PPRuNe Forums - View Single Post - Netjets owner Berkshire downgraded.
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Old 16th May 2013, 13:18
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cldrvr
 
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Don't want to be a doommonger so let's add the following:


First quarter of 2013 revenues of our other service businesses were $2.1 billion, an increase of $165 million (8.5%) compared to 2012. Pre-tax earnings in the first quarter of 2013 were $209 million, an increase of $11 million (6%) versus 2012. The increases reflected increased revenues and earnings from NetJets, BH Media Group and TTI. The increase in revenues at NetJets was primarily due to increased sales of fractional aircraft shares. Earnings at NetJets increased primarily due to improved flight operations margins, fractional sales margins and reduced net financing costs


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