Profit

August 7, 2014 - 2:25pm

Revenue at Berkshire Hathaway’s service business, which includes NetJets and FlightSafety International, rose by $507 million, to $4.9 billion, during the first half of the year, while profits climbed by $72 million, to $605 million. NetJets accounted for nearly a third of this revenue increase, thanks to higher flight services revenue attributable to more flight hours, as well as better rates and product mix changes. FlightSafety’s revenue also climbed due to increased simulator training activity.

February 25, 2014 - 1:07pm

Air ambulance outfitter Spectrum Aeromed (Booth No. 3628) will be distributing approximately $100,000 in profit sharing funds to 21 employees at its Fargo, N.D. headquarters, based on its continuing trend of revenue increase, the company announced. “We’ve experienced exponential growth for three consecutive years and we’re fortunate to have the opportunity to reward our team of dedicated employees with profit sharing as a result of their hard work,” noted company owner Dean Atchison.

June 2, 2009 - 6:32am

Clearwater, Fla.-based fractional provider Avantair reported another quarter of positive EBITA profits in a difficult economic environment, putting the Piaggio Avanti fleet operator on the path to health after years of losses. In its fiscal third quarter, which ended March 31, the company saw year-over-year revenues climb 15.7 percent to $34.7 million.

May 19, 2009 - 12:36pm

Clearwater, Fla.-based fractional provider Avantair reported another quarter of positive EBITA profits in a difficult economic environment, clearly putting the Piaggio Avanti fleet operator on the path to health after years of losses. In its fiscal third quarter that ended March 31, the company saw year-over-year revenues climb 15.7 percent to $34.7 million.

December 27, 2007 - 6:56am

Frost & Sullivan’s “World Business Jets Market: Investment Analysis” released last month says that strong corporate profits and more orders from China, Russia, India and other fast-growing countries are driving continued demand for business jets. “Previously, the increase in demand for business jets lagged one to two years behind corporate profit increases.

 
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