NetJets' revenue is diversified across fractional ownership, jet card sales, leasing, and charter services. In 2025, aviation services revenue grew 9.9%, driven by a 6.9% increase in shared ownership aircraft and 11.3% boost in flight hours, supplemented by higher average rates. The company is rapidly expanding its fleet, taking delivery of approximately 100 new aircraft in 2026 with the pace continuing into 2027.
Cyborg Score Rationale
NetJets reported 11.8% revenue growth in Q1 2026 driven by increased aircraft ownership and flight hours. The company received praise from Berkshire CEO Greg Abel at the 2026 annual meeting and in his shareholder letter. Strong operational momentum and fleet expansion indicate solid execution despite aviation industry volatility.
Top Insights
Berkshire Hathaway credited NetJets as a "prized asset in a very tough industry," helping boost service group revenues to $23 billion in 2025. This validates the turnaround strategy and parent company commitment.
Aviation services contributed to a 17.2% increase in service group pretax earnings in 2025, demonstrating NetJets' profitability impact and margin expansion under new management.
CEO Adam Johnson was recently given responsibility for 31 additional Berkshire companies (May 2026), signaling confidence in his operational capabilities and expanding influence within the conglomerate.
Named Competitors
Wheels Up — Fractional aircraft ownership and membership aviation service
Surf Air — Subscription-based private aviation and fractional ownership platform
Aero — On-demand private aviation platform
Recent Developments
(June 2026) CEO Adam Johnson elevated to oversee 31 additional Berkshire Hathaway companies
(May 2026) NetJets received positive recognition at Berkshire Hathaway annual meeting from CEO Greg Abel
(March 2026) NetJets took delivery of first factory-new Global 8000 aircraft