NetJets

Squawk Pod: Berkshire's New CEO Greg Abel — 03/05/26

“We're very happy that we own NetJets and the service it provides to its great customers.”

2025 Berkshire Hathaway Shareholder Letter (Greg Abel)

“Adam, who has lived the Berkshire culture for nearly 30 years (10 as CEO of NetJets), is now responsible for a group consisting of 32 companies”

Afternoon Session - 2023 Meeting

“Could you also give us an overview of how NetJet's performed since its acquisition, and whether it's achieved the potential”

Afternoon Session - 2023 Meeting

“he still flies in that jess now so and it'd be crazy not to you know it's uh it your errors are paying for it”

Afternoon Session - 2019 Meeting

“net jets, at net jets, our pilots only fly one model... I don't see the net jets. It's a first-class operation. It never killed a passenger.”

Defending Clayton Homes and Berkshire's IBM stake | May 4, 2015

“protests that came from NetJet's pilots who have been negotiating a contract and who have had issues with the contract”

Afternoon Session - 2015 Meeting

“No, I don't think buying net jets was a mistake. We've had a few things where it looked like a mistake for quite a while. something turned out to be a mistake. But NetJets is a very decent business.”

Buffett sees "gradual improvement" in economy | May 6, 2013

“Hey, Warren, I was thinking about the business of net jets. And you remember the bumpy period you had, but can you explain?”

Buffett sees "gradual improvement" in economy | May 6, 2013

“one of the reasons I think you said during the meeting that you wouldn't want to buy an airline is that there's always a new competitor. Is there a moat in your mind around net jets?”

Buffett sees "gradual improvement" in economy | May 6, 2013

“air taxi business, and I wonder whether that's viable and whether I don't, maybe net jets wouldn't even play there”

2012 Berkshire Hathaway Shareholder Letter

“a fleet of NetJets aircraft that will get your pulse racing”

2011 Berkshire Hathaway Shareholder Letter

“Jordan Hansell took over at NetJets in April and delivered 2011 pre-tax earnings of $227 million. That is a particularly impressive performance”

Afternoon Session - 2011 Meeting

“This shareholder asks, I was struck by your statement when you praised Sokol for, quote, having resurrected an operation that was destined for bankruptcy. It's really got my attention because I don't ”

2010 Berkshire Hathaway Shareholder Letter

“A huge story in this sector's year-to-year improvement occurred at NetJets. NetJets earned $207 million pre-tax in 2010”

Why NetJets has cost Berkshire hundreds of millions of dollars

“It was a big mistake at Nets. $711 million is the figure.”

Why NetJets has cost Berkshire hundreds of millions of dollars

“The biggest mistake made with net jets is essentially we kept, we were buying planes at prices that were fictitious in terms of the price at which we would later be able to sell them.”

Morning Session - 2010 Meeting

“We are now operating at NetJets at a very decent profit. The figures you saw there on the screen reflect a pre-tax profit of well over $50 million”

Morning Session - 2010 Meeting

“I give Dave Sokol an enormous credit. I mean, he turned that place around like nobody could have.”

Morning Session - 2010 Meeting

“The biggest mistake made with net jets is essentially we kept, we were buying planes at prices that were fictitious”

2009 Berkshire Hathaway Shareholder Letter

“NetJets, an aviation operation that offers fractional ownership of jets... has recorded an aggregate pre-tax loss of $157 million... I failed you in letting NetJets descend into this condition”

2009 Berkshire Hathaway Shareholder Letter

“Dave Sokol, the enormously talented builder and operator of MidAmerican Energy, became CEO of NetJets in August. His leadership has been transforming”

2009 Berkshire Hathaway Shareholder Letter

“There we will have a fleet of NetJets aircraft that will get your pulse racing.”

2007 Berkshire Hathaway Shareholder Letter

“At NetJets, the inventor of fractional-ownership of jets, we also remain the unchallenged leader. We now operate 487 planes in the U.S. and 135 in Europe”

2007 Berkshire Hathaway Shareholder Letter

“On Saturday, at the Omaha airport, we will have the usual array of aircraft from NetJets available for your inspection”

2006 Berkshire Hathaway Shareholder Letter

“A much improved situation is emerging at NetJets, which sells and manages fractionally-owned aircraft. This company has never had a problem growing”

2006 Berkshire Hathaway Shareholder Letter

“we will have the usual array of aircraft from NetJets available for your inspection.”

Morning Session - 2006 Meeting

“NetJets has grown rapidly, and so far, our expenses have grown faster than our revenue. We've got the top service in the world.”

2005 Berkshire Hathaway Shareholder Letter

“Operating results at NetJets were a different story. I said last year that this business would earn money in 2005 – and I was dead wrong.”

2005 Berkshire Hathaway Shareholder Letter

“On Saturday, at the Omaha airport, we will have the usual array of aircraft from NetJets available for your inspection.”

2004 Berkshire Hathaway Shareholder Letter

“FlightSafety's number one customer is NetJets, our aircraft fractional-ownership subsidiary.”

2004 Berkshire Hathaway Shareholder Letter

“On Saturday, at the Omaha airport, we will have the usual array of aircraft from NetJets® available for your inspection.”

Morning Session - 2001 Meeting

“vis-vis-a-competitive advantages in our NetJet's program, that the day that other charter plane crashed in Aspen, net jets refused to fly into Aspen”

Morning Session - 2001 Meeting

“we're doing it in something like NetJets in Europe”

Afternoon Session - 2000 Meeting

“we are spending significant money, for example, to take net jets to Europe, and we'll be spending it this year and next year”

Afternoon Session - 1999 Meeting

“Executive Jeter, the NetJets program, associated with Berkshire Hathaway, that Boersheim's associated with Berkshire Hathaway”