Profit?

[gunfyter]

Berkshire's manufacturing, services and retailing group posted a 23 percent increase in profit to $554 million on gains at NetJets, an operator of private jets,
[FONT=arial,sans-serif][SIZE=-1]Berkshire Profit Rises 62%; Buffett Cuts Currency Bet (Update1)[/SIZE][/FONT]

PilotYip? Publishers?

Crickets?

 

[Captainzero1]

Gunfyter, maybe I am missing something. BH is a big conglomerate. Certain parts of the company will make money over others. How does the retail group or a currency bet making money for BH cause you guys to be profitable. I believe Warren wants all his entities to make a buck. The profits from the other areas, I guess, will help you guys because it gives you deep pockets from which to outlast your competitors as Santulli put it.

 

[gunfyter]

gains at NetJets

 

[gunfyter]

2nd Quarter Form 10-Q for Berkshire Hathaway: http://www.berkshirehathaway.com/qtrly/2ndqtr06.pdf.

"...The NetJets fractional ownership business generated a pre-tax gain of $48 million for the second quarter and $29 million for the first six months of 2006...."

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[FamilyGuy]

Gun - if you are going to post, at least post all the facts.

You can find the entire Berkshire Hathaway 2nd quarter 10-Q here:

http://berkshirehathaway.com/qtrly/2ndqtr06.pdf

The NetJets information can be found on page 28:

Flight Services​

Flight services revenues in the second quarter and first six months of 2006 increased $221 million (24%) and $373 million (22%) over 2005 periods. Revenues from NetJets’ fractional aircraft ownership business for the first six months of 2006 increased $347 million (26%) over 2005, reflecting a 23% increase in flight operations and management service​

revenues and increased fractional aircraft sales. In 2006, occupied flight hours increased 16% and average hourly rates increased as well. The number of aircraft managed within the NetJets program over the past twelve months has increased 12.6%. Revenues for the second quarter and first six months of 2006 from training (FlightSafety) increased 8% over the comparable 2005 periods. The revenue increases were primarily due to increased corporate aviation demand and price increases. In 2006, pre-tax earnings of the flight services businesses totaled $110 million in the second quarter and $131 million for the first six months compared to $51 million for the second quarter and $58 million for the first six months of 2005. The NetJets fractional ownership business generated a pre-tax gain of $48 million for the second quarter and $29 million for the first six months of 2006. In 2005, this business produced pre-tax losses of $1 million for the second quarter and $31 million for the first six months. The improvement in operating results at NetJets reflected a comparative decline in losses from subcontracted flights ($27 million decline for the first six months) which are necessary to meet peak customer demand, increased management and usage revenues and increased margins from fractional aircraft sales, somewhat offset by higher interest, depreciation and payroll expenses. Pre-tax earnings from FlightSafety training services for the first six months of 2006 increased $13 million versus 2005.​

 

[gunfyter]

What the hell?


I pointed out the Wheat from the Chaff.

Profits. As I had previously predicted. Profits THIS YEAR. The year is not over but I just want Publishers to start developing a taste for Crow now.

 

[Ultra Grump]

Good to see. Though I don't like the idea that the 2nd quarter gains are covering up losses in the 1st qtr. But hey, a profit's a profit.

 

[Bad Monkey!]

FG (M)-Go back and hide under your desk and don't come out until we open up negotiations.

 

[pilotyip]

gunguy incomplete sentence. It read gains at Netjets, and some flooring company. It sounded like a combined profit to me. What point are you tryingto make?

 

[FLYLOW22]

Gun - if you are going to post, at least post all the facts.

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Oh. You are right.

FACT: Family Guy got his ass kicked in negotiations.​