““Last year, complaints about airlines increased 22%. There were probably more complaints, but the airlines lost them.” ”
Berkshire Hathaway: FlightSafety Up, NetJets down
Revenues at FlightSafety International increased last year, but declined at NetJets, according to Berkshire Hathaway, which owns both companies but does
not release earnings figures for these divisions. In the fourth quarter last year, NetJets "experienced a significant reduction in revenue as general economic conditions worsened," Berkshire Hathaway reported. "This resulted in lower customer usage and demand, which negatively affected operating margins."